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Teekay Offshore Partners is a publicly traded master limited partnership (MLP) formed by Teekay Corporation (TK:NYSE), a leader in shuttle-tanker, floating-production (FPSO) and floating-storage (FSO) solutions. It is the world's largest owner and operator of medium-sized crude oil tankers and one of the world's largest independent owners and operators of liquefied natural gas carriers. The partnership generates steady cash flows from fixed-rate contracts, providing shuttle-tanker and offshore production and storage solutions to a diversified portfolio of major oil companies.