5372 results found for 'prosafe'

5372 results found for 'prosafe'
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  • 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.

  • 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.

  • 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.

  • 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 […]

  • 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.

  • 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 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

  • 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).

  • 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 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 […]

  • Prosafe misses final payment to Cosco amid talks with lenders

    14 January 2020
    Business & Finance

    Prosafe has missed its final payment to China’s Cosco shipyard for the Safe Notos flotel amid talks with lenders meant to secure financial flexibility for the longer term.

  • 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.