5424 results found for 'prosafe'

5424 results found for 'prosafe'
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  • Prosafe posts fall in profit. Provides optimistic outlook

    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 […]

  • Prosafe Says Contract Extended for FPSO Petroleo Nautipa

    4 April 2005

    Tinworth Limited, a company owned and controlled 50% by Prosafe ASA and 50% by Ganger Rolf ASA / Bonheur ASA, has entered into an agreement with Vaalco Gabon (Etame) Inc., extending the contract for the employment of FPSO Petr

  • Prosafe flotel firms up North Sea assignment

    30 August 2024
    Business & Finance, Business Developments & Projects, Project & Tenders, Vessels

    Prosafe has inked a deal with North Sea-focused Ithaca Energy for one of its flotels, which enables the reactivation of the semi-submersible unit laid up at Scapa Flow in the UK.

  • New assignments on Prosafe vessel pair’s 2025 agenda

    24 September 2024
    Business & Finance, Business Developments & Projects, Vessels

    Two vessels of Oslo Stock Exchange-listed semi-submersible accommodation vessel owner and operator Prosafe are set to start new jobs next year.

  • Prosafe Sells Jack-Up Unit to Asian Client

    7 August 2012
    Business & Finance

    Prosafe Rigs Pte Ltd, a wholly owned subsidiary of Prosafe SE, has signed an agreement to sell the accommodation jack-up Safe Esbjerg to a customer in South East Asia. Total proceeds amount to USD 55 million and are divided into two tranches. USD 38.5 million is payable within 60 days after closing, which took place […]

  • Prosafe puts off flotel delivery amid refinancing efforts

    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 […]

  • Prosafe Orders Accommodation Duo from COSCO Qidong

    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, […]

  • Prosafe Announces Contract Extension for Three Accommodation Rigs

    2 January 2013
    Business & Finance

    Cotemar Group has confirmed that Safe Britannia, Safe Lancia and Jasminia have had their current contracts extended until mid to late February 2013. Prosafe is an owner and operator of semi-submersible accommodation/service rigs. Operating profit reached USD 192.3 million in 2011. The company operates globally, employs 550 people and is headquartered in Larnaca, Cyprus. [mappress] […]

  • UK: Elf Exploration Hires Prosafe’s Accommodation Rig

    7 November 2012
    Business & Finance

    Prosafe has been awarded a contract by Elf Exploration UK Ltd for the provision of the Safe Bristolia accommodation support rig at the Elgin-Franklin Facility in the British sector of the North Sea. The firm period of the contract is 173 days with on-site operations planned to commence 1st May 2013. Total value of the […]

  • Prosafe Secures New Contracts for Its Accommodation Rigs

    14 April 2014
    Business & Finance

    Prosafe and BG Group have agreed a change to the Safe Bristolia accommodation support vessel work programme in 2014 to allow inclusion of a contract award from ConocoPhillips Petroleum Company U.K. Limited for the provision of the vessel at the Judy platform in the U.K. sector of the North Sea. Operations at Judy are planned […]

  • BP to use all options for Prosafe unit in Trinidad

    27 July 2022
    Business & Finance, Business Developments & Projects, Project & Tenders, Vessels

    Offshore accommodation rig provider Prosafe has secured a contract extension for one of its units with BP in Trinidad and Tobago.

  • Prosafe revealed as winner of yet another Petrobras tender

    11 May 2022
    Business & Finance, Business Developments & Projects, Project & Tenders

    Prosafe has been declared the winner of yet another bidding process launched by Petrobras for the provision of a semi-submersible unit.

  • Prosafe to Order Two Semi-Submersibles from COSCO

    7 November 2013
    Business & Finance

    Prosafe has agreed a Letter of Intent (LoI) 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 […]

  • Utilisation of Prosafe’s Vessels in Q1 Reaches 76 Pct

    24 April 2014
    Business & Finance

    Utilisation of Prosafe’s semi-submersible accommodation/service vessels in the first quarter of 2014 was 76 per cent. Safe Caledonia, Safe Astoria, Safe Concordia, Safe Lancia, Jasminia, Safe Hibernia, Safe Britannia and Safe Regency were in full operation throughout the quarter. Safe Concordia was on contract in Brazil with an average effective day rate in the quarter […]

  • Prosafe takes its share of Dan Swift flotel

    30 December 2016

    Axis Offshore has completed the sale of shares in flotel Dan Swift to the offshore accommodation specialist Prosafe.  Axis and Prosafe inked a letter of intent in November for the potential sale of two new harsh-environment semi-submersible accommodation rigs, the Axis Nova and the Axis Vega, and for 25% interest in Axis Offshore’s monohull unit, Dan Swift. […]

  • Prosafe vessel staying 954 more days with Petrobras

    9 January 2025
    Business & Finance, Business Developments & Projects, Project & Tenders

    Prosafe has won a multimillion-dollar contract extension for one of its semi-submersible vessels, which is providing safety and maintenance support to Petrobras, a Brazilian state-owned energy giant.

  • Prosafe mulls delivery solution for Safe Eurus flotel

    1 June 2016

    Prosafe, an owner and operator of semi-submersible accommodation vessels also known as flotels, is working on a solution regarding the delivery of its newbuild flotel Safe Eurus to better fit its contractual obligations.  Prosafe’s capital commitments for the year relate to yard installments, which mainly comprise the final installment on Safe Eurus. Given recent shifts in the contract […]

  • Prosafe’s Jasminia Rig Awarded New Contract in Mexico

    19 November 2013

    Prosafe has been awarded a contract extension for its Jasminia accommodation rig in Mexico.   Mexico’s Cotemar group has confirmed that Jasminia has been awarded a contract from end November this year until end December 2015. The contract value is approximately USD 32.7 million. The Jasminia was built in 1982 at the GVA yard in Sweden […]

  • Prosafe Wins Contract Extensions for Three Accommodation Vessels

    2 October 2013
    Business & Finance

    Prosafe and Elf Exploration UK Ltd have agreed an extension to the firm period for the provision of the Safe Bristolia accommodation support vessel at the Elgin-Franklin Facility in the British sector of the North Sea. The duration or the firm extension period is 61 days commencing mid-October 2013. Total value of the firm extension […]

  • Prosafe Secures New Contract for ‘Safe Regency’ in Mexico

    16 December 2013
    Business & Finance

    Cotemar group has awarded Safe Regency a bareboat contract from 27 January 2014 until 31 December 2017. The contract value is approximately USD 86 million. The semi-submersible accommodation vessel, Safe Regency, was built in 1982 at the FELS yard in Singapore to a Pacesetter design. She has an eight-point Thruster Assisted Mooring System (TAMS) utilising […]

  • Prosafe dives deeper into the red over impairment charges

    26 May 2020
    Business & Finance, Business Developments & Projects, Vessels

    Prosafe sank deeper into the red in the first quarter of 2020 due to impairment charges resulting from the oil price collapse and the coronavirus pandemic.

  • Prosafe Secures Statoil Contract for Mariner Project in UK

    11 June 2013
    Business & Finance, Operations & Maintenance, Project & Tenders

    Prosafe has been awarded a contract from Statoil (U.K.) Ltd (“Statoil”) for the provision of either the Safe Zephyrus or Safe Boreas accommodation support vessel at the Mariner project in the UK Continental Shelf of the North Sea. The contract has been awarded following a competitive tendering process and is for a firm period of […]

  • Prosafe unit staying longer in UK North Sea

    30 September 2022
    Business & Finance, Business Developments & Projects, Project & Tenders, Vessels

    Offshore accommodation rig provider Prosafe has secured a contract extension for one of its units in the UK North Sea.

  • Prosafe unit booked for UK North Sea work

    16 June 2022
    Business & Finance, Business Developments & Projects, Project & Tenders

    A UK client has chartered Prosafe’s Safe Boreas to provide gangway-connected operations to support a platform shutdown in the UK North Sea.

  • Prosafe-Floatel merger raises competition concerns in UK

    5 September 2019

    The proposed merger between offshore accommodation firms Prosafe and Floatel has faced a setback in the UK