Teekay Corporation (Teekay) is a provider of international crude oil and petroleum product transportation services. With a fleet of 175 vessels, offices in 17 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 business segments: shuttle tanker and floating storage and off-take (FSO) segment, and floating production, storage and offloading (FPSO) segment; liquefied gas segment; spot tanker segment, and fixed-rate tanker segment. The Company’s shuttle tanker and FSO segment and FPSO segment includes its shuttle tanker operations, FSO units, and its FPSO units, which primarily operate under long-term fixed-rate contracts. During the year ended December 31, 2008, the Company acquired the remaining 35.3% interest in Teekay Petrojarl ASA.
(Source: 20-F) – less–ZoomInfo