’s shipyard in
South Korea. It will be operating from Q4 2014 in the
Norwegian sector of the
North Sea for British company
BG Group, producing 63,000 barrels of oil per day. Here it is shot at the
Aibel shipyard in
Haugesund, Norway as it undergoes final preparations before leaving for the North Sea. In 1998, Teekay commenced operations under what is now called
Petrojarl. It commenced offshore oil exploration as
Golar Nor Offshore, a part of
Petroleum Geo-Services (PGS) and
Golar-Nor. In December 2002, Teekay acquired
Navion ASA from
Statoil. The acquisition was successfully completed on April 7, 2003, and the included shuttle tanker subsidiary,
Ugland Nordic Shipping (UNS) became known as Teekay Navion Shuttle Tankers & Offshore (TNSTO), with their headquarters in
Stavanger, Norway. In August 2006, Teekay further expanded their Offshore business with the acquisition of Petrojarl ASA. In 2008, Teekay acquired all remaining shares of the company. In 2005 the company purchased the shuttle tanker
Rita Knutsen. This was followed in 2007, with the Russian tanker
Che Guevara which was subsequently converted into the . In 2006, Petrojarl ASA was demerged from Petroleum Geo-Services and listed on the
Oslo Stock Exchange. Teekay acquired majority ownership in the company in December 2006 and Petrojarl ASA subsequently became
Teekay Petrojarl ASA. In September 2017,
Brookfield Business partners LP completed a $640 million equity investment in Teekay Offshore Partners L.P., acquiring 60% of the common units of Teekay Offshore. In April 2019, Teekay sold all remaining interests in Teekay Offshore to Brookfield for a further $100 million, signaling their exit from the Offshore space. ==LNG shipping==