The Business of
FPSOs, Shuttle Tankers and Peter Lovie

American Shuttle Tankers, LLC

For American Shuttle Tankers, LLC (later acquired by Teekay) as Vice President of Business Development, Secretary, and Treasurer: devised and executed company’s marketing program to introduce use of shuttle tankers as new transportation alternative in the GoM, moving oil production from remote deepwater platforms to a choice of refineries onshore. Served in business development sector of shuttle tankers and in Teekay Petrojarl Offshore, a new JV with PGS production.

  • Led direction of Separate Storage Shuttling (S-S-S), a system jointly developed by Houston and Stavanger affiliate offices—to enable shuttling in the GoM to compete in absence of FPSOs: it employed a dynamically positioned storage vessel and obtained regulatory support.
  • Earned product recognition with Meritorious Engineering Award at the Offshore Technology Conference in 2004.
  • Applied for patents using technical and U.S. business-method patents, to reinforce company’s business position: served as product inventor for three-patent filings.
  • Devising U.S. tanker construction plan with leading offshore fabricator.
  • Utilized marketing plan in the GoM to progress business, to earn recognition in the GoM industry as commercially viable key technology—offering serious economic returns on ultra-deep water.
  • Represented the company at conferences and on television.
  • Pioneered a concept for use of a dynamically positioned Early Production System (EPS) using existing DP tankers for ultra deep water operation, for Chevron and Petrobras operated prospects in GoM.
  • Collaborated with a leading GoM operator in a proposal for a deepwater regional hub using a VLCC for storage of oil production from multiple locations in Keathley Canyon.
  • Through mounting a multi-year campaign, gained industry acceptance of the principle of using shuttle tankers in GOM in competition with pipelines, changing the question to become one of commercial risk mitigation in the Jones Act market.