Teekay Offshore Changes Name To Reflect Sustainability Efforts

Teekay Offshore Partners announced that it has changed its name to Altera Infrastructure. With the new name, the group said it hopes to present 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,” said Ingvild Saether, the company’s president and chief executive officer. “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.”

Altera Infrastructure is focused primarily on the ownership and operation of assets offshore North Sea, Brazil, and the east coast of Canada. The company’s assets include floating production, storage, and offloading units; shuttle tankers; floating storage and offloading units; long-distance towing and offshore installation vessels; and a unit for maintenance and safety.



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