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February 21, 2013
08:11 EDTTKTeekay reports Q4 adjusted EPS 4c, consensus 7c
Reports Q4 revenue $484.4M, consensus $466.36M.
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December 17, 2014
17:21 EDTTKTeekay Offshore awarded new contract in Brazil, will acquire floating unit fromTeekay
Teekay Offshore (TOO) has entered into an agreement with a consortium led by Queiroz Galvao Exploracao e Producao SA to provide a floating production, storage and offloading - or FPSO - unit for the Atlanta field located in the Santos Basin offshore Brazil. In connection with the contract with QGEP, Teekay Offshore has agreed to acquire the Petrojarl I FPSO from Teekay (TK) for $57M. Subsequent to the acquisition, the FPSO will undergo upgrades for a fully built-up cost of approximately $240M, including the cost of acquiring the Petrojarl I. The FPSO is scheduled to commence operations in 1H16 under a five-year charter contract with QGEP. The charter contract is expected to generate annual cash flow from vessel operations of $55M-$60M. The Petrojarl I FPSO will be used on the Atlanta field located 185 km offshore from the Brazil coast. The acquisition of the Petrojarl I is expected to close by the end of January 2015.
07:20 EDTTKCapital Link to hold a forum
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December 9, 2014
12:30 EDTTKWells Fargo to hold a symposium
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