5424 results found for 'prosafe'

5424 results found for 'prosafe'
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  • Prosafe cheers new North Sea job with TotalEnergies

    22 October 2021
    Business & Finance, Business Developments & Projects, Project & Tenders, Vessels

    Prosafe has been awarded a contract from TotalEnergies to provide accommodation support in the UK sector of the North Sea.

  • Prosafe in breach of regulations after ‘Safe Scandinavia’ probe

    16 November 2016
    Exploration & Production

    Norwegian safety body, the Petroleum Safety Authority (PSA), has slapped Prosafe with a notification of order regarding the company not rectifying non-conformities spotted during an audit of the Safe Scandinavia tender support vessel (TSV) in September 2015. The Safe Scandinavia is an accommodation rig which was converted to a TSV in 2015. This meant that the […]

  • Prosafe Orders Two Semi-Submersible Accommodation Vessels

    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 […]

  • Prosafe Secures Contract Extensions for Three Rigs (Mexico)

    2 January 2013

    Prosafe, owner and operator of semi-submersible accommodation/service rigs has received contract extensions for three of its units in Mexico. The company has received confirmation from Cotemar Group that Safe Britannia, Safe Lancia and Jasminia have had their current contracts extended until mid to late February 2013. The financial details of the contract extensions were not […]

  • Highest utilisation rate for Prosafe fleet since 2015

    21 January 2022
    Business & Finance, Business Developments & Projects, Project & Tenders, Vessels

    In 2021, Prosafe saw its vessel utilisation more than double when compared to the previous year and reach the highest rate since 2015.

  • Norway: Prosafe Announces Contract Extensions for Two Rigs

    22 January 2013
    Business & Finance

    Prosafe announced that the company’s rig utilisation in the fourth quarter of 2012 was 82 per cent. Safe Scandinavia, Safe Concordia, Safe Astoria, Safe Lancia, Jasminia, Safe Hibernia, Safe Britannia, Safe Regency and Safe Bristolia have been on contract throughout the fourth quarter. Safe Concordia is operating on a long-term contract in Brazil. In the […]

  • Prosafe shrinks loss in 4Q. Expects recovery in 2018

    9 February 2017
    Business & Finance, Exploration & Production

    Prosafe, an operator of accommodation rigs known as flotels, narrowed its loss during the fourth quarter 2016 and saw an increase in revenues while expecting the market to pick up next year.  For the fourth quarter of 2016, the company on Thursday posted a net loss of $32.7 million, which was smaller than the net […]

  • Shell extends North Sea contract for Prosafe flotel

    2 March 2020
    Business & Finance, Exploration & Production

    Prosafe and oil major Shell have agreed a contract extension for one of Prosafe’s units for operations in the UK North Sea.

  • Prosafe Wins New Contract for ‘Safe Lancia’ in Mexico

    8 December 2013
    Business & Finance

    Cotemar group has awarded Safe Lancia a three-year bareboat contract ending in December 2016. The contract value is approximately USD 68 million. The vessel was built in 1982 at the GVA/Kockums yard in Sweden to a GVA 2000 design. She has a ten point wire-mooring system capable of station keeping in the harshest of environments. […]

  • Prosafe still negotiating with lenders as forbearance agreement expires

    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.

  • Prosafe’s ‘Safe Regency’ Gets Contract Extension in Mexico

    7 August 2013
    Business & Finance

    Mexico’s Cotemar group has confirmed that Safe Regency has been awarded a contract extension and option through to 31 March 2014 with unchanged day rates. The 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 four 2.4 MW […]

  • Prosafe Enters LoI for Construction of Accommodation Rig in Singapore

    4 October 2012
    Business & Finance

    Prosafe has today entered into a Letter of Intent for the construction of a semi-submersible accommodation rig at Jurong Shipyard Pte Ltd (“JSPL”) in Singapore. The rig, which is of similar design as Safe Boreas presently in construction at JSPL, will be built to comply with Norwegian regulations. The rig will be ready for operations […]

  • Cyprus: Prosafe Announces 4Q 2011 Rig Utilisation

    12 January 2012
    Business & Finance

    Prosafe, a Cyprus-based owner and operator of semi-submersible accommodation/service rigs has announced that its rig utilisation in the fourth quarter of 2011 was 79.8 per cent. Safe Caledonia, Safe Lancia, Jasminia, Safe Hibernia, Safe Britannia, Safe Regency, Safe Bristolia have been fully utilised in the fourth quarter. Safe Concordia was five days off hire in […]

  • Repsol Sinopec extends ‘Safe Boreas’ gig

    9 November 2016
    Business & Finance, Exploration & Production

    Repsol Sinopec Resources UK Limited, formerly Talisman Sinopec Energy UK Limited, has exercised options to extend the charter for Prosafe’s accommodation rig Safe Boreas by a total of 44 days. In mid-March 2016, the Safe Boreas started a 245-day firm operational period at Montrose A in the UK sector of the North Sea. Prosafe said […]

  • Prosafe posts 1Q loss. Expects offshore activity upturn from 2018

    12 May 2016

    Prosafe, world’s largest offshore accommodation rig provider, slumped to loss in the first quarter this year, on low fleet utilization and Mariner delay charge. Net loss amounted $1.8 million, compared to a net profit of $27 million a year ago. The company which owns a fleet of semi-submersible accommodation rigs saw its fleet utilization fall […]

  • The Board Does Not Recommend the Offer From BW Offshore Limited

    16 August 2010
    Business & Finance

    This statement is made by the Board of Directors (the “Board”) of Prosafe Production Public Limited (“Prosafe Production” or the “Company”) pursuant to sections 6-16 and 6-19 of the Norwegian Securities Trading Act in connection with the voluntary offer by BW Offshore Limited (“BW Offshore”, “BWO” or the “Offeror”) to acquire all outstanding shares in […]

  • Aker BP takes Prosafe flotel for Ula platform support

    6 July 2018
    Business & Finance, Exploration & Production

    Offshore accommodation specialist Prosafe has won a contract for one of its flotels in Norway.

  • Prosafe still working to hammer out financial solution with lenders

    5 January 2021
    Business & Finance, Business Developments & Projects

    Prosafe is still working to resolve its financial situation with lenders but is still unclear what a final solution may look like.

  • Keppel secures S$130 million FPSO contracts with Prosafe

    7 March 2006

    Keppel Shipyard Ltd has been awarded two contracts valued at approximately S$130 million for the conversion of two new Floating Production Storage and Offloading (FPSO) facilities for Prosafe Production (Prosafe).

  • Prosafe to lay up another flotel as Petrobras contract ends

    7 August 2017
    Exploration & Production

    Prosafe, an owner and operator of semi-submersible accommodation rigs known as flotels, will lay up another one of its units, following contract completion with Petrobras.  In its operational update for 2Q 2017 on Monday, Prosafe said that its 2005-built flotel Safe Concordia was fully contracted in the second quarter for Petrobras at a market adjusted dayrate. […]

  • Flotel giant Prosafe posts loss for the fourth quarter 2015

    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 […]

  • Prosafe Secures Contract for Safe Caledonia Rig, Offshore UK

    8 July 2011
    Business & Finance

    Prosafe has been awarded a contract by BG International Limited for the provision of the Safe Caledonia accommodation rig for the North Everest project in the North Sea. This project will commence immediately after the completion of the BG Armada project with the rig thereafter being on hire to BG International Limited until 17th March […]

  • Safe Eurus flotel scores maiden contract in Brazil

    30 May 2019
    Business & Finance, Exploration & Production

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

  • Prosafe vessel kicks off its Gulf of Mexico assignment

    10 August 2023
    Business & Finance, Business Developments & Projects, Project & Tenders, Vessels

    Prosafe has revealed that one of its semi-submersible vessels started its new contract with an undisclosed company in the U.S. Gulf of Mexico.

  • Prosafe: More scrapping needed for offshore accommodation market recovery

    11 May 2017
    Business & Finance

    Further scrapping and industry restructuring, in addition to activity increase, will be needed for the offshore accommodation market to recover, Prosafe, a provider of offshore accommodation rigs, has said. In its quarterly report on Thursday, Prosafe said that the market remains generally soft and current accommodation activity is predominantly related to hook-up and commissioning work. […]