Teekay Offshore Partners LP (NYSE:TOO)

Teekay Offshore Partners LP provides marine transportation, oil production and storage services to the offshore oil industry. It transports oil from offshore fields to onshore processing facilities using a fleet of crude oil tanker ships. The company owns shuttle tankers, floating storage and off take units, offloading, floating and storage units, conventional oil tankers and lightering vessels. It operates through four segments: Shuttle Tanker, Conventional Tanker, Floating Storage and Offtake, and Floating Production, Storage and Offloading. The Shuttle Tanker segment consists of shuttle tankers operating primarily on fixed-rate contracts of affreightment, time-charter contracts or bareboat charter contracts. The Conventional Tanker segment consists of conventional tankers operating on fixed-rate, time-charter contracts or bareboat charter contracts. The Floating Storage and Offtake segment consists of its FSO units subject to fixed-rate, time-charter contracts or bareboat charter contracts. The Floating Production, Storage and Offloading segment consists of its FPSO units subject to operations and charter contracts. Teekay Offshore GP L.L.C. serves as the general partner of the company. Teekay Offshore Partners was founded on August 31, 2006 and is headquartered in Hamilton, Bermuda.