The company has 11 shuttle tankers in Brazil and operates 35 of these tankers globally through its subsidiary Teekay Offshore Partners. \u201cWe can move our tankers to where they can earn maximum revenue, and we are planning to build our business in Brazil further,\u201d Moller said. \u201cBrazil is clearly the biggest growth market in the near future\u201d in offshore oil production.<\/p>\n
Oil production in Brazil will rise 7.2 percent this year to 2.67 million barrels a day, according to the Paris-based International Energy Agency. Production in Norway, which also produces oil from offshore fields, will fall 7.6 percent to 2.2 million barrels a day, the agency said in a monthly report on 13 April.<\/p>\n
Teekay\u2019s offshore fleet last year resisted the worst economic recession since the last WW2 with revenue from the tanker segment slumping by 40 percent to $229.2 million in the fourth quarter, while revenue from the offshore segment fell 5.5 percent to $178.8 million.<\/p>\n
Two new shuttle tankers are scheduled to be delivered to Teekay in the second half of this year and two more in the first half of next year. \u201cBrazil is currently looking for additional tankers, and Teekay has the option of offering existing vessels or new vessels,\u201d Moller said. Teekay may also \u201corder other newbuildings for Brazil.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
Teekay, a Hamilton, Bermuda- based owner of oil tankers, will expand its fleet serving in Brazil to take advantage of the country\u2019s rising offshore oil production, chief executive officer Bjorn Moller said.<\/p>\n","protected":false},"author":8,"featured_media":2817,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[7],"tags":[],"sponsor":[],"class_list":["post-2816","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.motorship.com\/propulsion-and-future-fuels-conference\/wp-json\/wp\/v2\/posts\/2816","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.motorship.com\/propulsion-and-future-fuels-conference\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.motorship.com\/propulsion-and-future-fuels-conference\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.motorship.com\/propulsion-and-future-fuels-conference\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.motorship.com\/propulsion-and-future-fuels-conference\/wp-json\/wp\/v2\/comments?post=2816"}],"version-history":[{"count":1,"href":"https:\/\/www.motorship.com\/propulsion-and-future-fuels-conference\/wp-json\/wp\/v2\/posts\/2816\/revisions"}],"predecessor-version":[{"id":2818,"href":"https:\/\/www.motorship.com\/propulsion-and-future-fuels-conference\/wp-json\/wp\/v2\/posts\/2816\/revisions\/2818"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.motorship.com\/propulsion-and-future-fuels-conference\/wp-json\/wp\/v2\/media\/2817"}],"wp:attachment":[{"href":"https:\/\/www.motorship.com\/propulsion-and-future-fuels-conference\/wp-json\/wp\/v2\/media?parent=2816"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.motorship.com\/propulsion-and-future-fuels-conference\/wp-json\/wp\/v2\/categories?post=2816"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.motorship.com\/propulsion-and-future-fuels-conference\/wp-json\/wp\/v2\/tags?post=2816"},{"taxonomy":"sponsor","embeddable":true,"href":"https:\/\/www.motorship.com\/propulsion-and-future-fuels-conference\/wp-json\/wp\/v2\/sponsor?post=2816"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}