Oil Field Maintenance News

Teekay Offshore GP L.L.C., the general partner of Teekay Offshore Partners L.P. (Teekay Offshore or the Partnership) (NYSE:TOO), reported the Partnership's results for the quarter ended September 30, 2010. During the third quarter of 2010, the Partnership generated distributable cash flow of $20.8 million, compared to $28.1 million in the quarter ended June 30, 2010, primarily as a result of seasonal factors associated with the scheduled maintenance of North Sea oil fields during the summer months. On October 25, 2010, the Partnership declared a cash distribution of $0.475 per unit for the quarter ended September 30, 2010. The cash distribution will be paid on November 12, 2010, to all unit holders of record on November 5, 2010.

Smith Maritime was contracted by a Nigerian company to deliver a 200' lift boat for oil field maintenance. Smith Maritime selected the 5,000 hp tug Rhea and 400' barge Atlanta Bridge for the voyage. The barge was equipped with pumps to allow for controlled sinking and recovery in order to float the lift boat on and off. But they ran into a hitch. Shortly before departing, Smith Maritime discovered the African port was unable to furnish power for the pumps. Within hours Smith Maritime received delivery of a 60 kW Fiat Powertrain Technologies (FPT, formerly Iveco) diesel generator from Laborde.