Altera Infrastructure Brand Guidelines: Teekay Offshore Renamed in 2020, Now an FPSO Owner

A Portuguese word for transform.

Altera Infrastructure owns and operates floating production units for the offshore oil and gas industry. It is the former Teekay Offshore Partners, which belonged in part to the Teekay shipping group until 2019, and it was launched under its present name in 2020, after the Toronto investor Brookfield Business Partners acquired the business, The Maritime Executive reported in January 2023. The company says the name comes from altera, “the Portuguese word meaning to transform,” chosen to acknowledge its own development as a business and its role in the industries it serves.

Its roots run through two Norwegian businesses. English Wikipedia records that Teekay agreed to buy Navion from Statoil in December 2002 and completed the purchase in April 2003, bringing a shuttle tanker business based in Stavanger, and that in December 2006 Teekay took majority control of Petrojarl ASA, the floating production operator demerged that year from Petroleum Geo-Services, buying the remaining shares in 2008. English Wikipedia’s article on Teekay Petrojarl gives the business’s origin as Golar-Nor Offshore, founded in 1974, says Petroleum Geo-Services acquired Golar-Nor in 1998 together with the Petrojarl I and Petrojarl Foinaven units, and gives Trondheim as its base.

Brookfield arrived in stages. In September 2017 Brookfield Business Partners acquired 60 per cent of the common units of Teekay Offshore Partners, and in April 2019 Teekay sold its remaining interests to Brookfield, English Wikipedia says, citing Teekay’s own announcements of the time. English Wikipedia’s Teekay article says the sale marked Teekay’s exit from the offshore business.

Chapter 11 and a narrower fleet.

The business went through a court restructuring in 2022. In August 2022 Altera began a Chapter 11 process in the United States Bankruptcy Court for the Southern District of Texas, after agreeing a restructuring support agreement with lenders that included Brookfield, its equity sponsor, Offshore Energy reported; the shuttle tanker business and the FPSO joint ventures were not part of the process. At the time the publication described Altera as UK-based, with its base at Westhill in Scotland, and counted a fleet of 41 vessels: FPSOs, shuttle tankers, floating storage units, towing and installation vessels and a maintenance unit, serving the North Sea, Brazil and the east coast of Canada.

It emerged on 9 January 2023, about five months after filing, with the support of substantially all of its lenders including Brookfield Business Partners, The Maritime Executive reported. The restructuring turned junior debt into equity and reprofiled the bank facilities, the magazine said. A key outcome was a bareboat charter of the Petrojarl Knarr, built in 2014, to Equinor for at least nine years, with upgrades at Drydocks World in Dubai before deployment on the Rosebank field west of Shetland. The company’s fleet page now lists that unit as Petrojarl Rosebank.

Altera then narrowed its business to production. In 2024 it sold ALP Maritime Group, a Dutch towing and mooring business, and in November 2024 it agreed to sell Altera Shuttle Tankers, with 18 shuttle tankers working off Brazil and Canada and in the North Sea, to Maistros Shiptrade, an affiliate of the Greek Angelicoussis Group, Offshore Energy reported. MarineLink reported in August 2026 that the Angelicoussis Group completed the purchase in January 2025 and rebranded the business as Maran Shuttle Tankers. The shuttle tankers no longer carry the Altera name.

Design and documentation.

Companies that own and run floating production units rarely sell to the public, so their identities live in a small set of places: the photograph of a unit at sea, the fleet or project page, and the investor section. The unit is usually the hero image. A floating production, storage and offloading vessel, a floating storage unit or a floating LNG design is shown whole, in open water or alongside an integration yard, often as a rendering before the hull exists and as a photograph once it is on station.

Fleet and project pages do much of the identity work. Units are listed by name, field and country, and many names follow a house pattern, so a list of projects reads as a record of where the company has worked. Counts of units in operation, completed projects and years of operating experience are given as dated figures on “at a glance” pages, and they change from year to year as units are sold, redeployed or retired.

Standardised hull programmes have become part of the story. SBM Offshore describes its Fast4Ward programme as a generic new-build hull with a catalogue of topside modules, and its hulls are numbered in sequence, as with the seventh, MPF7, reported by Offshore Energy in 2026. Programmes like this give a company a repeatable product to show, rather than a series of one-off conversions, and the language around them leans on standard designs, modules and delivery schedules as the companies describe them.

The investor pages complete the picture. Annual and integrated reports, results presentations, shareholder lists and financial calendars sit next to newsroom image libraries, and the same unit photographs reappear across them. For a designer, the useful lesson is restraint: a short corporate name, a consistent naming system for assets, and large, plain images of the units themselves carry most of the visual identity.

Petrojarl names under a new flag.

The company now describes its fleet as six FPSOs and one floating storage and offloading unit. Its vessel list includes Petrojarl Rosebank in the UK North Sea, Pioneiro de Libra on Brazil’s Libra field, Piranema Spirit at Angra dos Reis, and the 3R-3 unit on Brazil’s Papa Terra field, where it also lists a tension-leg wellhead platform. In Côte d’Ivoire it runs Petrojarl Kong and the FSO Yamoussoukro on Eni’s Baleine field. World Oil reported in November 2025 that Petrojarl Kong was redeveloped on a 24-month schedule from late 2022 and reached first oil in December 2024; English Wikipedia identifies the unit as the former Voyageur Spirit.

Its next unit is a newbuild. In July 2026 Altera signed the principal agreements to supply a new FPSO for Eni’s Baleine Phase 3 development, covering engineering, procurement, construction, installation and commissioning and a fixed 15-year bareboat charter, World Oil reported; the unit is to be built by Wison New Energies in China, and Altera will own and operate it. Offshore Energy reported in November 2024 that Altera was also a partner, with Wintershall Dea Norge, in the Stella Maris carbon storage project, which received an exploration licence on the Norwegian shelf in March 2023.

Altera says it has about 750 employees and six offices, in Stavanger, Aberdeen, Trondheim, Manila, Rio and Abidjan. Its language centres on teamwork: it writes “TEAM” in capitals for its values and says it is shaping “the infrastructure of offshore energy.” Its vessels keep their older Petrojarl and Spirit names under the new company name. It has no connection with Altera, the maker of programmable chips.

For a design guide, Altera Infrastructure shows how a renamed company can build a fresh corporate identity while its vessels keep the names of earlier owners. Compare Equinor, which chartered the Petrojarl Knarr in 2023, and BW Offshore, another FPSO owner in this series. For this guide we use a deep slate, a fjord teal and a coral with a sans, an unofficial interpretation; no product or logo is reproduced.

Keep Altera Infrastructure’s identity on hand — save it to a board in the Made Good inspiration library.