PEMBROKE, Bermuda, March 24, 2020 (GLOBE NEWSWIRE) -- Teekay Offshore Partners L.P. (the Partnership) today announced that its name has changed to Altera Infrastructure L.P. effective 24 March 2020. The Partnership announced that the group of entities comprising of the Partnerships affiliates and subsidiaries (formerly referred to as Teekay Offshore) (the Group) is rebranding to Altera Infrastructure.As previously announced in advance, also effective March 24, 2020, the Partnerships preferred units, which previously traded on the New York Stock Exchange (NYSE) under the ticker symbols TOO PR A, TOO PR B and TOO PR E, respectively, now trade on NYSE under the new ticker symbols ALIN PR A, ALIN PR B and ALIN PR E.
With the new brand, the Group also presents a new vision and visual identity.
In support of our new vision to lead the industry to a sustainable future, we are establishing a global energy infrastructure services business that will create long term value for its stakeholders. Upholding our uncompromised commitment to operational excellence and safety, we will be relentless in our pursuit of opportunities that lead to strong results and lower emissions and we stand firm to these principles through the current period of market volatility. There will be a transition in our part of the industry, and we are committed to be at the forefront, says Ingvild Saether, President & Chief Executive Officer, Altera Infrastructure Group Ltd.
OSE Ticker code changes
At the same time, Teekay Shuttle Tankers L.L.C.,a subsidiary of the Partnership,announced that, in addition to changing its name to Altera Shuttle Tankers L.L.C. effective March 24, 2020, its two bonds which currently trade on the Oslo Stock Exchange (OSE) under the ticker symbols TST01 and TST02 G will, effective March 25, 2020, trade on OSE under the new ticker symbols AST01 and AST02 G respectively.
Forward Looking Statements
This press release includes statements that may constitute forward-looking statements made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995, including statements related to the Partnerships strategies and plans for creating stakeholder value. Such statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected. Important factors that could cause actual results to differ materially from the Partnerships expectations and may adversely affect the Partnerships business and results of operations may include unanticipated market volatility (such as volatility resulting from the recent COVID-19 outbreak), as well as those risk factors disclosed in Item 3 of the Partnerships Annual Report on Form 20-F for the year ended December 31, 2019, filed with the U.S. Securities and Exchange Commission (the SEC) on February 28, 2020, as updated and supplemented by subsequent filings with the SEC. The forward-looking statements speak only as of the date made, and, other than as may be required by law, the Partnership undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
About Altera Infrastructure
Altera Infrastructure is a leading global energy infrastructure services provider primarily focused on the ownership and operation of critical infrastructure assets in offshore oil regions of the North Sea, Brazil and the East Coast of Canada.
Altera Infrastructure has consolidated assets of approximately $5.2 billion, comprised of 56 offshore assets, including floating production, storage and offloading (FPSO) units, shuttle tankers (including five new builds), floating storage and offtake (FSO) units, long-distance towing and offshore installation vessels and a unit for maintenance and safety (UMS). The majority of Altera Infrastructures fleet is employed on medium-term, stable contracts. Affiliates of global asset manager Brookfield Business Partners L.P. (NYSE: BBU) (TSX: BBU.UN) own 100 percent of Altera Infrastructures general partner.
Altera Infrastructure L.P.s preferred equity units trade on the New York Stock Exchange under the symbols ALIN PR A, ALIN PR B and ALIN PR E, respectively.
Tel: +47 97 05 25 33E-mail: janrune.steinsland@alterainfra.com
Tel: +47 95 16 30 22E-mail: media@alterainfra.com
See original here:
- Equinor stepping up gas investments at North Sea Troll project - Offshore magazine - May 25th, 2024 [May 25th, 2024]
- Coastal community meetings on proposed offshore wind leases to be held - Curry Coastal Pilot - May 25th, 2024 [May 25th, 2024]
- Extending USV surveying from offshore to inland waters - Hydro International - May 25th, 2024 [May 25th, 2024]
- People on the move | Offshore - Offshore magazine - May 25th, 2024 [May 25th, 2024]
- Coastal Virginia Offshore Wind project reaches key milestone - Daily Energy Insider - May 25th, 2024 [May 25th, 2024]
- BOEM Issues Final EIS for Two Wind Projects Offshore New Jersey - Offshore Engineer - May 25th, 2024 [May 25th, 2024]
- Why least-cost auctions are 'unrealistic' for offshore wind on US west coast - Windpower Monthly - May 25th, 2024 [May 25th, 2024]
- Fifth Arctic and Offshore Patrol ship officially named HMCS Frdrick Rolette - CTV News Atlantic - May 25th, 2024 [May 25th, 2024]
- CAISO Approves Transmission Plan Integrating Offshore Wind - North American Windpower - May 25th, 2024 [May 25th, 2024]
- TotalEnergies plans to invest $600m in oilfield offshore Congo - Offshore Technology - May 25th, 2024 [May 25th, 2024]
- Two wind farms completed offshore western Taiwan - Offshore magazine - May 25th, 2024 [May 25th, 2024]
- HSM Offshore Energy doubles fabrication capacity with second location in the Netherlands - WorldOil - May 25th, 2024 [May 25th, 2024]
- Floating wind could transform offshore energy but companies need to work together and embrace innovation - Professional Engineering - May 25th, 2024 [May 25th, 2024]
- rsted ditches deal on $625M vessel for installing turbines - E&E News by POLITICO - May 25th, 2024 [May 25th, 2024]
- Biden's unnecessary regulations on offshore oil rigs threaten jobs in Gulf States - Northeast Mississippi Daily Journal - May 25th, 2024 [May 25th, 2024]
- Sonatrach awards $2.3bn contract for gas-boosting work in Algeria - Offshore Technology - May 25th, 2024 [May 25th, 2024]
- Readers sound off on offshore wind projects, Diddy's assault and Hannah Arendt - New York Daily News - May 25th, 2024 [May 25th, 2024]
- Fifth Arctic and offshore patrol vessel officially named HMCS Frederick Rolette - SaltWire Halifax powered by The Chronicle Herald - May 25th, 2024 [May 25th, 2024]
- New York Student Equity Fund Available for State of the Science Workshop on Offshore Wind Energy, Wildlife, and ... - New York City Central Labor... - May 25th, 2024 [May 25th, 2024]
- rsted-Eversource Partnership Announces Cancellation of Agreement for Charybdis (Updated) - CT Examiner - May 25th, 2024 [May 25th, 2024]
- XINSURANCE Named Title Sponsor Of Next Weeks Shootout Offshore Race - SpeedontheWater - May 25th, 2024 [May 25th, 2024]
- Equinor to invest $1.1bn in Troll gas field to boost production - Offshore Technology - May 25th, 2024 [May 25th, 2024]
- Senate passes offshore wind bill - delawarebusinessnow.com - May 25th, 2024 [May 25th, 2024]
- Equinor Makes Discovery in Svalin Field Offshore Norway - Rigzone News - May 25th, 2024 [May 25th, 2024]
- Offshore cable ops resume at Ireland-Wales interconnector after a break - Offshore Energy - May 25th, 2024 [May 25th, 2024]
- Primacy or Offshore Balancing: A Conceptual Analysis of U.S.Foreign Policy - Modern Diplomacy - May 25th, 2024 [May 25th, 2024]
- Cyan, Ocean Infinity partner for APAC offshore wind projects - Offshore Energy - May 25th, 2024 [May 25th, 2024]
- First Of The 176 Monopile Foundations Fitted At Dominion's Virginia Offshore Wind Farm - Marine Insight - May 25th, 2024 [May 25th, 2024]
- Mexico needs to act to stem oil and gas production declines, report claims - Offshore magazine - May 25th, 2024 [May 25th, 2024]
- California congressman urges closer consultation with tribes on offshore wind - Jackson Hole News&Guide - May 25th, 2024 [May 25th, 2024]
- EURO 2024 Young Player of the Tournament Offshore Odds, Preview, and Prediction (2024) - The Latest Sports ... - OffshoreSportsbooks.com - May 23rd, 2024 [May 23rd, 2024]
- Irish 2,000 Guineas Offshore Odds, Preview, and Prediction (2024) - The Latest Sports Betting News - OffshoreSportsbooks.com - May 23rd, 2024 [May 23rd, 2024]
- Gervonta Davis vs Frank Martin Offshore Odds, Preview, and Prediction (2024) - The Latest Sports Betting News - OffshoreSportsbooks.com - May 23rd, 2024 [May 23rd, 2024]
- Roadmap for energy skills transition secures backing from wind, oil and gas sectors - Renewable Energy Magazine - May 23rd, 2024 [May 23rd, 2024]
- Spatiotemporal distribution, evolution, and complementarity of wind and waves in China's offshore waters and its ... - ScienceDirect.com - May 23rd, 2024 [May 23rd, 2024]
- Irish 1,000 Guineas Offshore Odds, Preview, and Prediction (2024) - The Latest Sports Betting News - OffshoreSportsbooks.com - May 23rd, 2024 [May 23rd, 2024]
- DNREC and US Wind hold offshore wind meeting June 5 in Lewes - wrde.com - May 23rd, 2024 [May 23rd, 2024]
- Adele To Release New Album 2024 Offshore Odds, and Prediction - The Latest Sports Betting News - OffshoreSportsbooks.com - May 23rd, 2024 [May 23rd, 2024]
- Offshore Wind Public Information Session in Lewes Scheduled for June - WBOC TV 16 - May 23rd, 2024 [May 23rd, 2024]
- RWE Investigates Impact of Artificial Reefs at Baltic Sea Offshore Wind Farms - Greentech Lead - May 23rd, 2024 [May 23rd, 2024]
- Biden administration hit with one more lawsuit over LNG permitting freeze - Offshore Energy - May 23rd, 2024 [May 23rd, 2024]
- GIW to Discuss Bigger Slurry Pump Trends at Oil Sands Conference - Offshore Technology - May 23rd, 2024 [May 23rd, 2024]
- CIP Inaugurates the Changfang-Xidao Offshore Wind Farms in Taiwan - Renewable Energy Magazine - May 23rd, 2024 [May 23rd, 2024]
- Offshore Wind Turbine Installation Vessel Market will reach US$ 5.46 Billion by 2030, at a CAGR of 14.9% - openPR - May 23rd, 2024 [May 23rd, 2024]
- Norway Boost Offshore Wind Ties with East of England - Offshore Engineer - May 23rd, 2024 [May 23rd, 2024]
- First foundation installed for Dominion Energy's massive CVOW offshore windfarm - Riviera Maritime Media - May 23rd, 2024 [May 23rd, 2024]
- Perenco Unit Makes First Discovery Offshore DRC in 30 Years - Rigzone News - May 23rd, 2024 [May 23rd, 2024]
- Rovco wins survey work on 1.5GW Outer Dowsing offshore wind farm - Splash247 - Splash 247 - May 23rd, 2024 [May 23rd, 2024]
- F.lli Righini Delivers to Heerema Marine Contractors World-First Lifting and Upending Tools for the EnBW He Dreiht ... - Offshore WIND - May 23rd, 2024 [May 23rd, 2024]
- DeepOcean performs first-ever subsea dredging operations remotely from shore - Offshore Energy - May 23rd, 2024 [May 23rd, 2024]
- Windar and Polish City Strengthen Ties for New Offshore Tower Facility - Offshore WIND - May 23rd, 2024 [May 23rd, 2024]
- An up-close look at Americas first major offshore wind farm - Eyewitness News 3 - May 23rd, 2024 [May 23rd, 2024]
- MaineDOT Applies for Grant to Build Offshore Wind Port On Sears Isl. - Construction Equipment Guide - May 23rd, 2024 [May 23rd, 2024]
- Offshore wind industry targeted in latest lawsuits by NJ towns - Asbury Park Press - May 23rd, 2024 [May 23rd, 2024]
- US Competition Selects Finalists in Floating Offshore Wind Technologies - The Maritime Executive - May 23rd, 2024 [May 23rd, 2024]
- KNOT Offshore Partners not worried by growing shuttle tanker orderbook - TradeWinds - May 23rd, 2024 [May 23rd, 2024]
- GDG and ABAN Power to develop offshore wind in Asia-Pacific - Power Technology - May 23rd, 2024 [May 23rd, 2024]
- Jailton Almeida vs. Alexander Romanov UFC 302 Offshore Betting Odds, Preview, Picks - The Latest Sports Betting News - OffshoreSportsbooks.com - May 23rd, 2024 [May 23rd, 2024]
- Offshore Wind Turbine Market Valuation USD 39.2 billion | Europe Dominate by UK, Ireland, Belgium, Spain, - EIN News - May 23rd, 2024 [May 23rd, 2024]
- Guyanas economy surges on offshore success in prolific Stabroek block, EIA reports - EnerCom Inc. - May 23rd, 2024 [May 23rd, 2024]
- BASF to Buy Stake in German Offshore Wind Farms From Vattenfall -- Update - MarketWatch - April 22nd, 2024 [April 22nd, 2024]
- Denmark Launches Massive Offshore Wind Auction | Offshore Wind - Offshore WIND - April 22nd, 2024 [April 22nd, 2024]
- rsted and OEG Renewables Form Offshore Wind Pact in US | Offshore Wind - Offshore WIND - April 22nd, 2024 [April 22nd, 2024]
- Vestas and Maersk team up for South Korean offshore wind - Recharge - April 22nd, 2024 [April 22nd, 2024]
- Denmark's offshore wind parks currently generate 2.7 gigawatts of electricity - The Mountaineer - April 22nd, 2024 [April 22nd, 2024]
- rsted Buys Sunrise Wind Stake from Eversource - Offshore WIND - April 22nd, 2024 [April 22nd, 2024]
- 'More non-turbine challenges' | GE hits back in New York round 3 offshore wind demise - Recharge - April 22nd, 2024 [April 22nd, 2024]
- 'Heart-breaking': Refugees once detained offshore by Australia warn the UK government not to push through its ... - The Albany Herald - April 22nd, 2024 [April 22nd, 2024]
- Hearing scheduled this week on bill to advance offshore wind - delawarebusinessnow.com - April 22nd, 2024 [April 22nd, 2024]
- Aker BP begins production from Hanz field offshore Norway - Offshore Technology - April 22nd, 2024 [April 22nd, 2024]
- Denmark launches its biggest offshore wind farm tender - The Caledonian-Record - April 22nd, 2024 [April 22nd, 2024]
- Vestas and Maersk to Build Offshore Wind Hub in South Korea | Offshore Wind - Offshore WIND - April 22nd, 2024 [April 22nd, 2024]
- U.S. Navy To Convert Oil Rigs Into Offshore Military Bases To Counter China In The Pacific - Marine Insight - April 22nd, 2024 [April 22nd, 2024]
- BASF seals deal to buy into gigascale Vattenfall offshore wind to power chemicals complex - Recharge - April 22nd, 2024 [April 22nd, 2024]
- First Moray West 14.7MW Offshore Wind Turbine Comes Up - Offshore Engineer - April 22nd, 2024 [April 22nd, 2024]
- NYSERDA concludes New York's third offshore wind solicitation without final awards - 4C Offshore - April 22nd, 2024 [April 22nd, 2024]
- Galp Energia says Namibia offshore field could contain 10B barrels of oil - Seeking Alpha - April 22nd, 2024 [April 22nd, 2024]
- Framework Agreement signed with rsted in the US - 4C Offshore - April 22nd, 2024 [April 22nd, 2024]
- A submerged concern: offshore wind cables - Martha's Vineyard Times - April 22nd, 2024 [April 22nd, 2024]
- Possible human smuggling operation thwarted offshore in South Florida - cw34.com - April 22nd, 2024 [April 22nd, 2024]