5390 results found for 'prosafe'

5390 results found for 'prosafe'
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  • 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 […]

  • 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 […]

  • 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. […]

  • 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 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 […]

  • 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 […]

  • Contract Extension for Accommodation Rig ‘Safe Scandinavia’ (Norway)

    21 December 2012
    Business & Finance

    Prosafe and BP Norge AS have agreed to extend the Safe Scandinavia’s operations at Valhall until 31st January 2013. In addition, Prosafe has granted BP Norge AS an additional one-month option. The value of the one-month contract extension is approximately USD 9.3 million. Prosafe is an owner and operator of semi-submersible accommodation/service rigs. Operating profit […]

  • 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 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.

  • Prosafe unit gearing up for work in Gulf of Mexico

    22 June 2023
    Business & Finance, Business Developments & Projects, Operations & Maintenance, Project & Tenders, Vessels

    Prosafe has revealed a new timeline for the start of operations in the U.S. Gulf of Mexico for one of its semi-submersible vessels.

  • Prosafe lands another four-year deal in Brazil

    25 May 2022
    Business & Finance, Business Developments & Projects, Project & Tenders, Vessels

    Prosafe has been awarded a contract by Petrobras for the provision of the Safe Eurus semi-submersible vessel for support offshore Brazil.

  • Floatel, Prosafe waiting on competition authorities to wrap merger

    26 August 2019

    Closure date for the merger between offshore accommodation rig owners Floatel and Prosafe is not yet certain, as the flotel contractors are waiting for the competition authorities to give approval.

  • Prosafe finds new job for Safe Concordia unit

    5 January 2021
    Business & Finance, Business Developments & Projects, Project & Tenders, Vessels

    Offshore accommodation rigs provider Prosafe has won a contract for one of its units for operations offshore Trinidad and Tobago.

  • Prosafe Secures Contract Extensions for Its Rigs in Mexico

    3 April 2013

    Prosafe, a Cyprus-based owner of accomodation rigs today announced that Mexico’s Cotemar Group has awarded Safe Britannia rig a 640-day contract until the end of 2014 and that the Jasminia contract has been extended to the end of October 2013. The total value of the contract and extension is approximately USD 58.5 million. The rigs […]

  • 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 defers last delivery instalment for ‘Safe Zephyrus’

    18 January 2016
    Exploration & Production

    Prosafe, an owner and operator of offshore accommodation rigs, has postponed its last portion of the payment due to Jurong Shipyard for the newbuild flotel Safe Zephyrus for June 2017.  Namely, the final delivery instalment of the Safe Zephyrus will be reduced by $30 million and, according to Prosafe, the agreement to defer the last instalment […]

  • Prosafe mulls over delivery delay for ‘Safe Zephyrus’

    26 November 2015
    Exploration & Production, Project & Tenders

    Prosafe, the operator of semi-submersible accommodation rigs, is considering a delay in delivery of its newbuild accommodation rig being built by Jurong Shipyard. Prosafe said on Thursday it has agreed with Singapore’s Jurong Shipyard to a flexible delivery of the Safe Zephyrus accommodation rig. According to Prosafe, the decision has been made in order to align […]

  • Prosafe’s flotel Safe Boreas starts Talisman gig

    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 […]

  • Prosafe Reveals Operational Update for Q4 2013 (Norway)

    24 January 2014
    Business & Finance

    Prosafe, owner and operator of semi-submersible accommodation vessels, has released an operation update for the fourth quarter of 2013. Utilisation in the fourth quarter of 2013 was 82 per cent. Safe Caledonia, Safe Concordia, Safe Lancia, Jasminia, Safe Hibernia, Safe Britannia and Safe Regency were in full operation throughout the quarter. Safe Concordia was on […]

  • 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

  • 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 […]

  • 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).

  • 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 […]

  • 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 contract hangs in the balance as Shell delays Shearwater work

    14 May 2020
    Business & Finance, Business Developments & Projects

    The future of Prosafe’s contract for the Safe Zephyrus flotel with Shell is uncertain following Shell’s decision not to perform its previously planned work at the Shearwater field this year.