TEEKAY ANNOUNCES NEW BAREBOAT CONTRACT FOR THE FOINAVEN FPSO
Teekay Corporation Ltd. (TK)
Last teekay corporation ltd. earnings: 2/21 03:25 am
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teekay.com/investors/teekay-corporation
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Source: GlobeNewswire
VANCOUVER, British Columbia, March 27, 2020 (GLOBE NEWSWIRE) -- Teekay Corporation (Teekay) (NYSE:TK) today announced that it has entered into a new bareboat charter contract with the Foinaven Operator (Britoil Limited, a subsidiary of BP p.l.c.), for the Petrojarl Foinaven (Foinaven) floating production, storage and offloading (FPSO) unit for up to approximately ten years (the Contract). Under the terms of the Contract, Teekay is expected to receive an upfront payment of approximately $67 million in cash, a nominal per day rate over the life of the Contract, and a lump sum payment at the end of the Contract period, which is expected to cover the costs of recycling the FPSO unit in accordance with the EU Ship Recycling Regulations. As part of the transaction, Teekay Offshore Partners L.P., now known as Altera Infrastructure L.P. (Altera Infrastructure) has entered into agreements with the Foinaven Operator directly to provide the operations and shuttle tanker services for the Foin
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News
- Teekay Corporation Ltd. Reports Third Quarter 2024 Results; Declares a Special Dividend; and Announces New Share Repurchase ProgramGlobeNewswire
- Teekay Group to Announce Third Quarter 2024 Earnings Results on October 30, 2024GlobeNewswire
- Teekay Corporation Announces Update on $25 Million Share Repurchase Program and Announces New Share Repurchase ProgramGlobeNewswire
- Teekay Co. (NYSE: TK) was downgraded by analysts at StockNews.com from a "strong-buy" rating to a "buy" rating.MarketBeat
TK
Sec Filings
- 11/1/24 - Form SC
- 11/1/24 - Form 6-K
- 10/30/24 - Form 6-K
- TK's page on the SEC website