|This Slide: #18 of 100|
Slide #18. Teekay Offshore Partners L.P. — ALP Maritime Services B.V.
Teekay Offshore Partners L.P. (NYSE:TOO)
ALP Maritime Services B.V.
Teekay Offshore Partners L.P. announced that it has agreed to acquire ALP Maritime Services B.V. (ALP), a Netherlands-based provider of long-haul ocean towage and offshore installation services to the global offshore oil and gas industry. ALP currently provides these services through a fleet of third-party owned vessels. As part of the transaction, Teekay Offshore and ALP have ordered four state-of-the-art towing and anchor handling vessel newbuildings, which will be capable of ultra-long distance towing, offshore installation and decommissioning of large floating production, storage and offloading (FPSO) units, floating liquefied natural gas (FLNG) units and floating drill rigs.
Teekay Offshore Partners is an international midstream services provider of marine transportation, oil production, storage, long-distance towage and offshore installation and maintenance and safety services to the offshore oil industry focusing on the deep-water offshore oil regions of the North Sea, Brazil and the East Coast of Canada. Co. is is engaged in the international marine transportation of crude oil, the offshore processing and storage of crude oil, long-distance ocean towage and offshore installation services, and maintenance and safety services through the operation of its shuttle and conventional tankers, FSO units, FPSO units, towage and offshore installation vessels and UMS.
Open the TOO Page at The Online Investor »
Hold (2.00 out of 4)
(ranked higher than approx. 81% of all stocks covered)
Based on Zacks ABR data;
powered by Xignite