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Altera Infrastructure Reports Fourth Quarter and Annual 2020 Results


Press release content from Globe Newswire. The AP news staff was not involved in its creation.
Altera Infrastructure Reports Fourth Quarter and Annual 2020 Results
Altera Infrastructure L.P.February 4, 2021 GMT
ABERDEEN, United Kingdom, Feb. 04, 2021 (GLOBE NEWSWIRE) Altera Infrastructure GP LLC (
Altera GP ), the general partner of Altera Infrastructure L.P. (
Altera or
the Partnership ), today reported the Partnership’s results for the quarter ended December 31, 2020.
Revenues of $278.7 million and a net loss of $73.0 million, or $0.20 per common unit, in the fourth quarter of 2020
Adjusted EBITDA(1) of $142.2 million in the fourth quarter of 2020
The following table presents the Partnership’s Consolidated Financial Summary: ....

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Write-downs double losses for Altera Infrastructure - News for the Oil and Gas Sector


Write-downs double losses for Altera Infrastructure
Write-downs on the value of its vessels saw Aberdeen-headquartered FPSO firm Altera Infrastructure more than double its pre-tax losses in 2020.
Updated: 04/02/2021, 12:48 pm
The Altera-owned Voyageur Spirit arriving at the drydock in Kishorn.
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Write-downs on the value of its vessels saw Aberdeen-headquartered FPSO firm Altera Infrastructure more than double its pre-tax losses in 2020.
The company, until last year part of shipping group Teekay, posted a pre-tax deficit of $340.4million (£249.5m) for 2020, compared to $151.2million (£110.9m) losses in 2019. ....

United Kingdom , North Sea , Oceans General , Altera Westhill , Petrojarl Foinaven , Oil Huntington , Hibiscus Petroleum Marigold , Altera Infrastructure , Voyageur Spirit , Premier Oil Huntington , ஒன்றுபட்டது கிஂக்டம் , வடக்கு கடல் , பெருங்கடல்கள் ஜநரல் , அல்டேரை வெஸ்ட்ஹில் , எண்ணெய் ஹண்டிங்டன் , ஒளி வண்ண மலர்கள் கொண்ட ஒரு செடி வகை பெட்ரோலியம் சாமந்தி , அல்டேரை உள்கட்டமைப்பு , வோயஜூர் ஆவி , ப்ரிமியர் எண்ணெய் ஹண்டிங்டன் ,

Hull cracks on floater off UK draw safety warnings


3 February 2021 16:19 GMT
Updated 
3 February 2021 16:37 GMT
in 
London
Yet more safety problems have been discovered on the Altera Infrastructure-operated Petrojarl Foinaven floating production, storage and offloading vessel, this time in relation the integrity of the hull including cracks measuring almost a third of a metre.
The Health & Safety Executive (HSE) said inspections of the vessel at work on BP s Foinaven field since 1997 in November and December found Altera had “failed to demonstrate that the installation is not operated in such a way as may prejudice its hull integrity”.
HSE has now issued three improvement notices, giving Altera until April to comply. ....

United Kingdom , North Sea , Oceans General , Petrojarl Foinaven , Teekay Corporation , Health Safety Executive , Altera Infrastructure Operated Petrojarl Foinaven , Safety Executive , Altera Infrastructure , Teekay Offshore Partners , ஒன்றுபட்டது கிஂக்டம் , வடக்கு கடல் , பெருங்கடல்கள் ஜநரல் , டீக்கே நிறுவனம் , ஆரோக்கியம் பாதுகாப்பு நிர்வாகி , பாதுகாப்பு நிர்வாகி , அல்டேரை உள்கட்டமைப்பு , டீக்கே கடல் கூட்டாளர்கள் ,

Inspectors find 'cracks' in hull amid numerous safety issues on Foinaven FPSO west of Shetland


by Allister Thomas
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“Serious concerns” have been raised after inspectors found multiple “cracks” in the hull of the Foinaven FPSO west of Shetland, amid a catalogue of other safety issues.
The Health and Safety Executive (HSE) found fractures extending two feet long in the ship’s “hull girders and stiffeners”, operated by Altera Infrastructure and stationed at the BP Foinven oil field.
Inspectors questioned the “residual strength of the hull”, stating Altera did not demonstrate it was “sufficient to operate the installation at its current location”, around 118miles west of Shetland. ....

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