Stonepeak will acquire Teekay LNG Partners for $6.2 billion

NYC-based investment firm Stonepeak Infrastructure Partners is to buy Bermuda-based shipping company Teekay LNG Partners for about $6.2 billion. Illustration only; Courtesy of Teekay The parties have entered into an agreement and plan of merger, or, so-called the merger agreement. … Read More

Teekay LNG declares cash distributions on preferred units

Teekay LNG Partners, one of the world’s largest owners of LNG carriers, has declared cash distributions on the Series A and B preferred units. Courtesy of Teekay LNG Teekay LNG is providing LNG and LPG services under long-term, fee-based charter … Read More

After 21 years in North Sea, Petrojarl Banff FPSO ready for recycling – gallery

After a 21-year period in the North Sea, Teekay’s Petrojarl Banff FPSO has completed its final voyage and is now moored alongside the Modern American Recycling Services Europe (MARS) quayside in Denmark in preparation for green recycling. Petrojarl Banff FPSO; … Read More