| Teekay Corporation (Teekay) is a provider of international crude oil and gas marine transportation services. It also offers offshore oil production, storage and offloading services, primarily under long-term, fixed-rate contracts. With a fleet of over 150 vessels, offices in 16 countries, Teekay provides marine services to the oil and gas companies, helping them link their upstream energy production to their downstream processing operations. The Company operates in four segments: the shuttle tanker and a floating storage and offtake (FSO) segment, the floating production, storage and offloading (FPSO) segment, the liquefied gas segment, and the conventional tanker segment. In November 2011, Sevan Marine ASA sold FPSO Sevan Piranema and FPSO Sevan Hummingbird to the Company. |