5372 results found for 'prosafe'

5372 results found for 'prosafe'
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  • Prosafe: Weaker demand for flotels in North Sea

    9 February 2015
    Exploration & Production

    Prosafe, the world’s largest owner of offshore accommodation rigs, known as flotels, has today reported its net profit for the fourth quarter of 2014 was $51 million. The profit was lower when compared to $59.7 million earned in the same period of 2013. Explaining the drop in profit, the company has said that the result […]

  • Prosafe fleet utilisation in 1Q at 76 pct

    24 April 2014
    Business & Finance, Project & Tenders

    Prosafe, a Cyprus-based owner of offshore accommodation rigs, has announced that its fleet utilisation in the first quarter of 2014 was 76 per cent with eight vessels Safe Caledonia, Safe Astoria, Safe Concordia, Safe Lancia, Jasminia, Safe Hibernia, Safe Britannia and Safe Regency in full operation throughout the quarter. Safe Concordia was on contract in […]

  • Prosafe: 3Q Fleet Utilisation at 91 Pct

    24 October 2013

    Prosafe, a Cyprus-based owner of offshore accommodation rigs, has announced that its fleet utilisation in the third quarter of 2013 was 91 per cent, with ten vessels; Safe Scandinavia, Regalia, Safe Caledonia, Safe Bristolia, Safe Concordia, Safe Lancia, Jasminia, Safe Hibernia, Safe Britannia and Safe Regency in full operation during the quarter. Safe Concordia was […]

  • Prosafe Completes $116 Million Bond Issue

    10 October 2013

    Prosafe, a Cyprus-based owner of offshore accommodation rigs, has announced that it has successfully completed an NOK 700 million (around $116 million) unsecured bond issue maturing in October 2018. The bond carries an interest of 3-month NIBOR plus 2.95 per cent. Settlement date is expected to be 22 October 2013. An application will be made for […]

  • Prosafe’s Accommodation Vessel Wins New Contract

    19 December 2013
    Business & Finance

    Prosafe has been awarded a contract by Swiber Offshore Construction Pte Ltd (Swiber) for the provision of the Safe Astoria semi-submersible accommodation vessel for operations located in Indonesia’s Natuna Sea offshore gas gathering facilities.  On site operations are planned to commence end-December 2013, with a firm period of 60 days. In addition, Prosafe has granted […]

  • Westcon appeals against court judgement in Prosafe dispute

    19 April 2018

    Norwegian Westcon Yards has filed an appeal against a court judgement in a dispute with Prosafe related to the conversion of the tender support vessel (TSV) Safe Scandinavia.

  • Court overturns previous ruling in Prosafe-Westcon case

    15 April 2021
    Authorities & Government, Business & Finance, Business Developments & Projects, Rules & Regulation, Vessels

    A court of appeal has reversed a decision of a district court in Norway in a case between Prosafe and Westcon.

  • Prosafe submits top bid for Brazil flotel supply deal

    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.

  • Prosafe wins two North Sea jobs

    24 December 2018
    Business & Finance, Exploration & Production

    Prosafe has been awarded two contracts for operations in the UK sector of the North Sea.

  • Prosafe firms up Gulf of Mexico gig

    14 October 2022
    Business & Finance, Business Developments & Projects, Project & Tenders, Vessels

    Following a letter of award in September 2022, Prosafe has firmed up a deal for the provision of one of its units in the U.S. Gulf of Mexico.

  • Prosafe Secures Contract Extensions for Three Flotels

    2 October 2013

    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 starting mid-October 2013. Total value of the firm extension period is approximately USD […]

  • Johan Sverdrup field work for Prosafe flotel

    26 April 2017
    Exploration & Production

    Statoil has awarded Prosafe a contract for the provision of the Safe Zephyrus semi-submersible accommodation vessel for a giant North Sea development – the Johan Sverdrup field. Under the contract, the Safe Zephyrus will support Phase 1 of the Johan Sverdrup hook-up and commissioning project in the Norwegian sector of the North Sea. The contract […]

  • Prosafe’s 4Q Fleet Utilisation at 82 Pct

    24 January 2014
    Business & Finance

    Prosafe, a Cyprus-based owner of offshore accommodation rigs, has announced that its fleet utilisation in the fourth quarter of 2013 was 82 per cent, with seven vessels; Safe Caledonia, Safe Concordia, Safe Lancia, Jasminia, Safe Hibernia, Safe Britannia and Safe Regency in full operation during the quarter. Safe Concordia was on contract in Brazil and the […]

  • Prosafe Inks ‘Safe Scandinavia’ Contract with Statoil

    2 July 2014
    Business & Finance, Project & Tenders

    Prosafe has now signed a contract with Statoil Petroleum AS for the provision of the Safe Scandinavia semi-submersible accommodation vessel temporarily converted for tender support vessel operations at the Oseberg Øst installation on the Norwegian continental shelf. The three year firm period on site operations beginning is subject to existing contractual obligations with Statoil at the Snorre installation, and the temporary TSV […]

  • Prosafe: Flotel Safe Bristolia resumes tow

    11 January 2016
    Exploration & Production

    Prosafe, an owner and operator of semi-sub accommodation vessels, has re-established the main tow for its flotel Safe Bristolia in the North Sea.  The tow line was re-established on Friday, January 8, 2016, and the Safe Bristolia has reassumed the tow at midnight. The Safe Bristolia was being relocated from England to Poland when the towing […]

  • Prosafe mobilizes ‘Safe Scandinavia’ for Statoil gig

    14 March 2016
    Exploration & Production

    Proafe’s tender support vessel Safe Scandinavia has completed onshore acceptance testing and is now mobilizing to the Oseberg Øst installation in the North Sea to start drilling support operations for Statoil. The Safe Scandinavia was converted from a semi-submersible accommodation rig to a tender support vessel at the Westcon yard in Ølensvåg, Norway. The rig arrived at the yard for […]

  • Prosafe’s Regalia fails to meet PSA requirements

    7 July 2014

    The Petroleum Safety Authority Norway has issued a notification of order to Prosafe AS following an audit of at-risk groups on Regalia. Regalia is a Dynamically Positioned (NMD3) semi-submersible accommodation vessel with beds for 306 persons (282:NCS) capable of operating worldwide in harsh conditions. From 25 May to 28 May 2014, the Petroleum Safety Authority Norway […]

  • Prosafe: Contract value for ‘Safe Bristolia’ slashed

    22 May 2015
    Equipment

    Prosafe, a Cyprus-based owner of offshore accommodation rigs, has informed that the contract value for its accommodation rig Safe Bristolia has been reduced.  Safe Bristolia sustained damage to lifeboats after experiencing bad weather during work at the Everest field in UK in October 2014. Operations were suspended and the vessel was brought to the Hanøytangen […]

  • Prosafe taps Atlas Professionals for offshore workforce

    4 December 2019

    Offshore accommodation giant Prosafe has tapped Atlas Professionals for the provision of marine personnel outsourcing services.

  • Prosafe expects strong demand for its floatels

    28 May 2014
    Business & Finance, Project & Tenders

    Prosafe, an owner and operator of semi-submersible accommodation rigs, has delivered its Q1 financial report for 2014. Net profit amounted to USD 18.3 million, compared to USD 0.7 million loss in the same period last year. Operating profit for the first quarter amounted to USD 22.9 million (USD 19 million). Utilisation of the fleet was […]

  • Prosafe on the lookout for new CEO as current one steps down

    2 May 2023
    Business & Finance, Business Developments & Projects, Human Capital, Outlook & Strategy, Project & Tenders, Vessels

    Prosafe has embarked on a quest to find a new CEO, as its current one decided to resign after more than six years in the role.

  • Prosafe to lay up two flotels after Pemex suspension?

    7 March 2016
    Exploration & Production

    Prosafe, an owner and operator of semi-submersible accommodation vessels also known as flotels, has informed that Pemex will suspend a contract for one flotel, and it is also likely the company will suspend a contract for another flotel.  According to Prosafe’s statement on Monday, Petróleos Mexicanos (Pemex) has been cutting spending in order to adjust the company’s […]

  • Another delay for Prosafe’s three new accommodation rigs

    18 May 2018
    Exploration & Production

    Prosafe has postponed the delivery of three newbuild rigs from a Chinese shipyard. 

  • Norway: BW Offshore Ltd. to Purchase Remaining Prosafe Production.s Shares

    21 June 2010
    Business & Finance

    BW Offshore Limited , one of the world’s leading FPSO contractors and a market leader within advanced offshore loading and production systems to the oil and gas industry, announced today its intention to make a voluntary exchange offer for all of the shares of Prosafe Production Public Limited not currently owned by BWO. The consideration […]

  • Prosafe still in talks with lenders for long-term financial solution

    1 April 2020
    Business & Finance

    Prosafe is still working with its lenders to come up with a financial solution to ensure the company’s long-term stability.