Lower operating costs for shuttle tankers improve result despite revenue fall. <\/p>\n
Teekay Offshore Partners has cut its second quarter loss despite a fall in revenue. <\/p>\n
The US MLP said the net deficit to 30 June was $16.46m, from $100.12m in 2016. <\/p>\n
The mixed fleet, including FPSOs, shuttle tankers and tugs, brought in revenue of $265m, compared to $284m a year ago. <\/p>\n
The result was hit by the redelivery of the Varg FPSO at the end of July 2016 and the Navion Saga FSO in October 2016, plus lower utilisation of thetowage <\/p>\n
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Teekay Offshore slashes second quarter loss - TradeWinds (subscription)<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Lower operating costs for shuttle tankers improve result despite revenue fall. Teekay Offshore Partners has cut its second quarter loss despite a fall in revenue. The US MLP said the net deficit to 30 June was $16.46m, from $100.12m in 2016. Continue reading