Company Updates

Teekay Offshore Changes Its Name to Altera Infrastructure L.P

Teekay Offshore Partners L.P. has announced that its name has changed to Altera Infrastructure L.P.  effective 24 March 2020.

2 altera logo primary infra rgb blue clearspaceThe Partnership announced that the group of entities comprising of the Partnership’s affiliates and subsidiaries (formerly referred to as Teekay Offshore) (the “Group”) is rebranding to Altera Infrastructure. As previously announced in advance, also effective March 24, 2020, the Partnership’s preferred units, which previously traded on the New York Stock Exchange (“NYSE”) under the ticker symbols “TOO PR A”, “TOO PR B” and “TOO PR E”, respectively, now trade on NYSE under the new ticker symbols “ALIN PR A”, “ALIN PR B” and “ALIN PR E”. 

With the new brand, the Group also presents a new vision and visual identity.

“In support of our new vision to lead the industry to a sustainable future, we are establishing a global energy infrastructure services business that will create long term value for its stakeholders. Upholding our uncompromised commitment to operational excellence and safety, we will be relentless in our pursuit of opportunities that lead to strong results and lower emissions and we stand firm to these principles through the current period of market volatility. There will be a transition in our part of the industry, and we are committed to be at the forefront,” says Ingvild Saether, President & Chief Executive Officer, Altera Infrastructure Group Ltd.

OSE Ticker code changes

At the same time, Teekay Shuttle Tankers L.L.C., a subsidiary of the Partnership, announced that, in addition to changing its name to Altera Shuttle Tankers L.L.C. effective March 24, 2020, its two bonds which currently trade on the Oslo Stock Exchange (“OSE”) under the ticker symbols “TST01” and “TST02 G” will, effective March 25, 2020, trade on OSE under the new ticker symbols “AST01” and “AST02 G” respectively.

Offshore Source keeps you updated with relevant information concerning the Offshore Energy Sector.

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