Teekay Corporation (Teekay) is a provider of international crude oil and gas marine transportation services and it also offer offshore oil production, storage and offloading services, under long-term, fixed-rate contracts. The Company is divided its operations into four areas: the shuttle tanker and floating storage and off-take (FSO) segment (included in its Teekay Shuttle and Offshore business unit), the floating, production, storage and offloading (FPSO) segment (included in its Teekay Petrojarl business unit), the liquefied gas segment (included in its Teekay Gas Services business unit), and the conventional tanker segment, consisting of the spot tanker sub-segment and fixed-rate tanker sub-segment (both included in its Teekay Tanker Services business unit). On November 30, 2011, the Company acquired from Sevan Marine ASA (Sevan) the FPSO unit Sevan Hummingbird (or Hummingbird). In March 2011, it sold its 49% interest in Teekay Offshore Operating L.P. (OPCO) to Teekay Offshore.