Search results for: Arendal Spirit

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  • 23 February 2017

    Brazilian oil company Petrobras has suspended charter payments for the Arendal Spirit flotel, owned by Teekay Offshore Partners. This was revealed by Teekay on Thursday in its financial report. Teekay said the Arendal Spirit experienced an operational incident relating to its dynamic-positioning system in November 2016. As a result of the operational incident the charterer […]

  • 25 March 2015
    Project & Tenders

    Teekay’s first Floating Accommodation Unit (FAU), Arendal Spirit, has been lifted onto a heavy loader and is en route to Brazil. According to Teekay, the journey is estimated to take approximately 38 days. The Arendal Spirit previously secured a 3-year charter contract, including extension options, with Brazil’s state-owned company Petrobras. The vessel will start operations for […]

  • 13 May 2015
    Exploration & Production

    Earlier this month Teekay’s first offshore accommodation rig, Arendal Spirit, arrived to Rio de Janeiro, Brazil. After a long journey since its departure from the COSCO shipyard in China, the vessel was anchored and offloaded from the heavylifter in Brazilian waters. Arendal Spirit will now undergo an extensive testing program before it goes on hire with […]

  • 22 January 2015
    Exploration & Production

    Teekay’s first offshore accommodation unit, the Arendal Spirit, has left for sea trials. The company has made the announcement through its twitter account.  The Arendal Spirit is a flotel based on the Sevan Marine cylindrical hull design. The unit was built at the COSCO shipyard in China. The accommodation rig has secured a three-year fixed-rate charter contract, […]

  • 17 February 2015

    China’s Cosco yard in Nantong has delivered an offshore accommodation rig to Teekay Offshore Partners. The news was first shared by Sevan Marine, a Norway-based company that designed the cylindrical flotel, named the ‘Arendal Spirit’. Sevan also added that the delivery triggers the payment of $10 million to Sevan Marine within six months from the date of […]

  • 17 June 2015
    Business & Finance, Exploration & Production

    Teekay’s flotel, the Arendal Spirit, has successfully completed acceptance tests in Brazilian waters and is now in full operation for Petrobras under a 3-year charter contract. The unit arrived to Rio de Janeiro, Brazil in May, after a long journey from the COSCO shipyard in China, and underwent acceptance tests that has now successfully completed. Arendal Spirit is […]

  • 20 May 2015
    Business & Finance

    Teekay’s first unit for maintenance and safety (UMS), Arendal Spirit, arrived to Rio de Janeiro, Brazil on May 2nd on board a heavy-lift vessel. After a long journey of 38 days from the COSCO shipyard in China, the vessel was anchored and offloaded from the heavylifter in Brazilian waters. The vessel has been under construction […]

  • 4 August 2016

    Teekay Offshore has canceled construction contracts for two newbuild cylindrical flotels with China’s Cosco shipyard.  The company said on Thursday in its second quarter 2016 results report it canceled the construction contracts for two units for maintenance and safety (UMS) and, as a result, incurred a $43.7 million write-down. Teekay became the owner of these […]

  • 23 May 2016

    The owner of a cylindrical shaped floating platform design, Sevan Marine, is considering taking legal action against Teekay and its subsidiary Logitel Offshore. The board of Sevan Marine initiated in January 2016 a review of the circumstances surrounding and the legality of the Logitel Offshore agreements, including the $60 million bond loan granted by Sevan […]

  • 10 August 2015
    Exploration & Production

    The video above will enable you to go inside an offshore accommodation rig, used to support offshore oil and gas operations. The video, shared by Teekay Offshore, shows the Arendal Spirit unit, hired by the Brazilian oil company Petrobras.  The Sevan Marine-designed rig was built in 2015 in China. The Teekay-owned flotel contains 500 beds in 248 cabins […]

  • 17 May 2015

    News on Subsea 7 announcing it will have to let go 2.500 workers was the most read article on Offshore Energy Today this past week. You also read about the Dockwise Vanguard heavy lifter loading and sailing away with the Armada Intrepid FPSO. Among the popular articles were videos of a new offshore gangway solution […]

  • 30 June 2015
    Business & Finance

    Teekay Offshore Partners L.P. will complete the acquisition of the Petrojarl Knarr floating production, storage and offloading (Knarr FPSO) unit from Teekay Corporation for its fully built-up cost of approximately USD 1.26 billion on July 1, 2015. The FPSO has now completed all the required operational testing and has commenced its full charter rate under the […]

  • 30 June 2015
    Business & Finance

    Teekay Offshore Partners L.P. will complete the acquisition of the Petrojarl Knarr floating production, storage and offloading (Knarr FPSO) unit from Teekay Corporation for its fully built-up cost of approximately USD 1.26 billion on July 1, 2015. The FPSO has now completed all the required operational testing and has commenced its full charter rate under the […]

  • 8 July 2015
    Business & Finance, Project & Tenders

    Logitel Offshore, a provider of floating accommodation units known as flotels, has entered into an agreement with COSCO to delay deliveries of two flotels.  First flotel is being delayed for up to 12 months until October 2016 with the ability to take delivery earlier if required, Sevan Marine said in today’s press release. To remind, COSCO […]

  • 19 May 2016
    Business & Finance

    Teekay Corporation has reported a widened loss for the first quarter of this year booking USD 48.8 million GAAP net loss against USD 9.76 million reported in the corresponding period last year. The company’s consolidated cash flow from vessel operations (CFVO) increased to USD 359 million from USD 320.9 million in the prior year, primarily due to […]

  • 5 November 2015
    Business & Finance

    Bermuda-based Teekay Corporation reported USD 12.2 million net loss attributable to shareholders for the quarter ended September 30, driven largely by losses accumulated through one of the company’s publicly-listed subsidiaries, Teekay Offshore Partners L.P, and declining net income at Teekay LNG Partners. Teekay Offshore Partners L.P. posted USD 51.3 million net loss in the third quarter of 2015, […]

  • 27 July 2017
    Business & Finance

    Brookfield Business Partners, together with its institutional partners, has entered into an agreement to acquire 60 percent of Teekay Offshore Partners, a provider of marine services and solutions to the offshore oil industry. Brookfield Business Partners describes itself as a business services and industrial company focused on owning and operating high-quality businesses within Brookfield’s private […]

  • 1 October 2012

    Sevan Marine ASA announced, September 30th 2012, that the tow of the FPSO “Voyageur Spirit” from the Nymo upgrade yard at Eydehavn, Arendal to the Huntington Field in the UK sector of the North Sea has now commenced. The “Voyageur Spirit” let go of the moorings at 07:50 hrs Sunday morning, September 30, and is […]

  • 30 September 2012
    Business & Finance

    Sevan Marine ASA announced that the tow of the FPSO “Voyageur Spirit” from the Nymo upgrade yard at Eydehavn, Arendal to the Huntington Field in the UK sector of the North Sea has now commenced. The “Voyageur Spirit” let go of the moorings at 07:50 hrs Sunday morning, September 30, and is estimated to arrive […]

  • 1 October 2012
    Business & Finance

    Sevan Marine ASA has announced that the tow of the FPSO “Voyageur Spirit” from the Nymo upgrade yard at Eydehavn, Arendal to the Huntington Field in the UK sector of the North Sea has now commenced. The “Voyageur Spirit” let go of the moorings at 07:50 hrs Sunday morning, September 30, and is estimated to […]

  • 1 October 2012

    Sevan Marine ASA has announced that the tow of the FPSO “Voyageur Spirit” from the Nymo upgrade yard at Eydehavn, Arendal to the Huntington Field in the UK sector of the North Sea has commenced. The “Voyageur Spirit” let go of the moorings at 07:50 hrs Sunday morning, September 30, and is estimated to arrive […]

  • 3 March 2020
    Business & Finance

    Spirit Energy has signed an agreement to divest two non-core Danish assets to Ineos.