Search results for: Safe Notos

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  • 14 January 2020
    Business & Finance

    Prosafe has missed its final payment to China’s Cosco shipyard for the Safe Notos flotel amid talks with lenders meant to secure financial flexibility for the longer term.

  • 8 July 2016
    Business & Finance

    Brazil’s oil giant Petrobras has substituted a contract for one of Prosafe’s flotels with another one and agreed with the owner for the contract to start earlier than planned.  Prosafe’s semi-submersible accommodation vessel Safe Eurus will now be substituted by its sister vessel Safe Notos, which will start the contract with Petrobras at an earlier […]

  • 5 February 2016
    Exploration & Production

    Prosafe, the world’s largest provider of offshore accommodation rigs, has taken delivery of the new flotel. The flotel named Safe Notos, has been delivered to the company by the China-based Cosco shipyard. The Safe Notos, able to accommodate 500 workers, will be deployed on an eight-month firm contract with an undisclosed client in the UK […]

  • 4 February 2016
    Exploration & Production

    Prosafe, the world’s largest provider of offshore accommodation units for the oil and gas industry, has posted a net loss of $6.8 million for the fourth quarter of 2015, down from $51 million profit for the fourth quarter of 2014. The company’s full year net profit was $85.6 million, down from a net profit $178.8 million […]

  • 17 August 2015
    Business & Finance

    Prosafe, an owner and operator of semi-submersible accommodation vessels, has signed a contract with an undisclosed client for the provision of an accommodation vessel in the UK sector of the North Sea. Prosafe said that the contract firm period commitment is over eight months and will involve an initial short period using the Safe Zephyrus starting in […]

  • 18 March 2016
    Business & Finance

    Prosafe, an owner and operator of semi-sub accommodation rigs, has agreed with Talisman Sinopec Energy UK to provide one of its units for operations in the UK North Sea.  Prosafe is providing its 2015-built Safe Boreas, for the entire firm period of over eight months plus options. According to the company, the Safe Boreas started […]

  • 3 January 2017
    Business & Finance

    Repsol Sinopec Resources UK has extended the charter of the Safe Boreas offshore accommodation rig by 21 days. According to Prosafe, the owner of the rig, the firm operational period of the Safe Boreas rig has been extended through January 27, 2017. The Safe Boreas is working at Montrose A in the UK sector of the […]

  • 3 August 2020
    Business & Finance, Business developments & projects

    Regardless of the recent loan forbearance agreement extension expiring, Prosafe is still in discussions with lenders to find a long-term financial solution which would stabilize operations.

  • 23 March 2020
    Business & Finance, Exploration & Production

    Following EnQuest’s cancellation of mobilization of the Prosafe-owned Safe Zephyrus accommodation rig in the North Sea, Prosafe has said it will claim the full value of the contract. 

  • 13 February 2020
    Business & Finance, Exploration & Production

    Prosafe and Floatel have decided to abandon their merger plans amid financial uncertainty and regulatory objections. 

  • 22 November 2013

    Prosafe has completed firm turnkey contracts with the COSCO (Qidong) Offshore Co., Ltd. for the construction of two semi-submersible accommodation vessels. The contracts are in excess of $200 million for each of the two vessels. Reference is made to the announcement on 7 November 2013 regarding the Letter of Intent entered into with the yard for the engineering, […]

  • 27 April 2016

    Prosafe, an operator of semi-sub accommodation units known as flotels, has decided to scrap three of its oldest units, and to cold stack other units starting with the Safe Astoria. The company said on Wednesday that it would scrap its 1982-built Jasminia, the 1977-built Hibernia and Safe Britannia, built it 1980. Prosafe’s Safe Astoria was built in 1983, […]

  • 21 August 2015
    Exploration & Production

    Prosafe, the Oslo-listed provider of offshore accommodation units, posted a drop in both its second quarter revenue and profit. The company’s revenue fell to $92.5 million, from $133 million a year ago, and profit dropped to $12.2 million from $42 million in the second quarter of 2014. Fleet utilisation in the second quarter was 58 […]

  • 22 November 2013
    Business & Finance

    Prosafe has completed firm turnkey contracts for the engineering, procurement and construction of two semi-submersible accommodation vessels, plus four units optional, with COSCO (Qidong) Offshore Co., The vessels will be the most advanced and flexible units for worldwide operations excluding Norway, and will be ready for operations in 2016. The units will be of Gusto MSC’s […]

  • 22 November 2013
    Business & Finance

    Prosafe has entered into firm contracts with COSCO (Qidong) Offshore Co., Ltd. for the engineering, procurement and construction of two semi-submersible accommodation vessels, with options for four further units.     The vessels will be the most advanced and flexible units for worldwide operations excluding Norway, and will be ready for operations in 2016. The […]

  • 30 May 2019
    Business & Finance, Exploration & Production

    Brazilian oil firm Petrobras will hire Prosafe’s offshore accommodation unit the Safe Eurus.

  • 14 January 2016
    Exploration & Production

    Finland’s solutions provider for offshore oil and gas industry Wärtsilä, has signed a long-term maintenance agreement with Prosafe, the world’s largest owner of semi-submersible accommodation vessels also known as flotels. The 10-year agreement covers the diesel engines onboard Prosafe’s new build flotel Safe Boreas. Maintenance agreements for Prosafe’s three other new build flotels – Safe Notos, […]

  • 24 January 2019
    Business & Finance

    Prosafe has submitted the largest bid in two online auctions for the supply of safety and maintenance support vessels to Brazil.

  • 8 July 2016

    Semi-submersible accommodation vessels operator, Prosafe, on Thursday announced the terms of a proposed comprehensive refinancing that include the deferral of the company’s latest newbuild flotel.  According to Prosafe, if completed, the refinancing will provide greater financial flexibility for the company throughout the period until the end of 2020, including a solid liquidity buffer to weather […]

  • 22 August 2014

    Prosafe, one of the world’s biggest providers of accommodation rigs to the international offshore oil and gas industry, has said its new build projects are progressing well and are within budget.

  • 2 June 2020
    Business & Finance, Business developments & projects

    Prosafe has gained support to an extension to the forbearance arrangement with a majority of its lenders until the end of June while working to agree on a long-term financial solution.

  • 21 October 2016

    Prosafe, an owner and operator of semi-submersible accommodation vessels known as flotels, laid up two more units during the third quarter of 2016.  In an operational update on Friday, Prosafe said that the 1982-built flotel Safe Caledonia completed its operation for BP in August and the vessel has been laid-up in UK since then. BP hired the […]