5372 results found for 'prosafe'

5372 results found for 'prosafe'
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  • 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 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 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 […]

  • 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 […]

  • 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 […]

  • Norway: Talisman Awards LOI for Prosafe MSV Regalia

    29 June 2011
    Business & Finance

    Prosafe has been awarded a Letter of Intent (“LOI”) by Talisman Energy Norge AS for a 107 day contract. Prosafe has been awarded a Letter of Intent (“LOI”) by Talisman Energy Norge AS for a 107 day contract using the MSV Regalia for accommodation support at the Yme facility in the Norwegian sector of the […]

  • Prosafe Secures Contract for Newbuild Accommodation Vessel (UK)

    11 June 2013
    Business & Finance

    Prosafe has been awarded a contract from Statoil (U.K.) Ltd 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 8 […]

  • Prosafe vessel seals multimillion-dollar deal offshore Australia

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

    Prosafe has ironed out the terms of a contract for one of its vessels to support a project off the coast of Australia.

  • Yokogawa Releases Improved Version of ProSafe-RS System, Japan

    28 November 2012
    Equipment

    Yokogawa Electric Corporation announces that it will release the enhanced ProSafe-RS safety instrumented system on November 28. This new version, ProSafe-RS R3.02.00, features input/output modules that will operate reliably in the high-temperature conditions typically encountered in desert locations. Support of an open communications protocol has also been added, enhancing ProSafe-RS’s compatibility with other vendors’ distributed […]

  • 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 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.

  • 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.

  • 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.

  • 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’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 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 […]

  • Repsol Sinopec awards more time to Prosafe’s flotel

    30 January 2017
    Business & Finance, Exploration & Production

    Repsol Sinopec Resources UK, formerly Talisman Sinopec Energy UK, has exercised further options to extend the charter for Prosafe’s flotel Safe Boreas.  Prosafe informed on Monday that the extension is for a total of 17 days. The firm operational period of the Safe Boreas at Montrose A in the UK sector of the North Sea […]

  • 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 […]