Teekay Offshore Partners has cut its second quarter loss thanks to a sharp reduction in impairments and a profitable sale of vessels this time around.
Brookfield-backed Teekay Offshore saw its bottom line loss run to $28m for the three months to the end of June, some way ahead of the $168m loss last time around.
Ingvild Saether, chief executive of Teekay Offshore, pointed to “another good operational quarter” with Ebitda of $159m.
