5390 results found for 'prosafe'

5390 results found for 'prosafe'
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  • Lower rig utilization drives Prosafe revenues down while profit goes up

    3 November 2016
    Business & Finance, Exploration & Production

    Prosafe, an owner and operator of semi-submersible accommodation rigs also known as flotels, saw its revenues drop during the third quarter 2016 due to lower rig utilization while its profit grew over the period.  The company’s third quarter net profit increased to $201.9 million when compared to the last year’s third quarter and net profit […]

  • Safe Caledonia done with Clair Ridge work. Safe Zephyrus to take over next year

    22 November 2018

    Prosafe’s flotel Safe Caledonia has completed its work on BP’s Clair Ridge platform located West of Shetland and the Safe Zephyrus will take over next year.

  • New EAC matchmaker service joins decarbonization race

    12 June 2025
    Business Developments & Projects, Transition

    A new independent matchmaker service for verified Environmental Attribute Certificates (EACs) has made its foray into the market with the goal of supporting companies in reducing their Scope 3 emissions across their supply chains. As disclosed, Carboninsets was created and launched to ‘unite’ cargo owners and freight forwarders with stakeholders from all transportation modalities, fuel […]

  • Prosafe spots rise in tendering activity with more awards anticipated for 2025 and beyond

    20 February 2024
    Business & Finance, Business Developments & Projects, Market Outlooks, Outlook & Strategy, Project & Tenders

    Oslo Stock Exchange-listed Prosafe has caught sight of increased activity in tenders covering work for 2025 and beyond.

  • Woodside Extends Contract for Accommodation Rig Safe Astoria (Australia)

    12 October 2012
    Business & Finance

    Woodside Energy Ltd has exercised the first of two remaining 30 day options, thereby extending Safe Astoria’s operations at the North Rankin Redevelopment project until 30th November 2012. The value of the exercised option is approximately USD 5.7 million. Prosafe is the world’s leading owner and operator of semi-submersible accommodation/service rigs. Operating profit reached USD […]

  • Prosafe flotel finds new job with North Sea oil & gas operator

    8 July 2024
    Business & Finance, Business Developments & Projects, Project & Tenders, Vessels

    Prosafe has secured a letter of award (LoI) with Ithaca Energy for work one of its flotels will undertake in the UK sector of the North Sea. 

  • Singapore: Sembcorp Marine’s Jurong Shipyard Bags USD 291.6 Million Contract

    19 December 2011

    Sembcorp Marine’s subsidiary Jurong Shipyard has secured a US$291.6 million contract to build an accommodation semi-submersible rig with options for another two units from Prosafe, the world’s leading owner and operator of accommodation and service rigs. Scheduled for delivery in the second quarter of 2014, the accommodation semi-submersible rig will be built based on the […]

  • ‘Safe Boreas’ gains AoC. Cleared for Edvard Grieg work

    12 June 2015
    Exploration & Production

    Prosafe Offshore Limited, the owner and operator of semi-submersible accommodation rigs, has received Acknowledgement of Compliance (AoC) from the Petroleum Safety Authority (PSA) Norway for Safe Boreas. Safe Boreas is a semi-submersible accommodation rig delivered by Jurong Shipyard in Singapore and is constructed according to the GVA 3000E design and equipped with a DP3 system as well […]

  • Prosafe narrows down start-up date for vessel’s Gulf of Mexico job

    20 July 2023
    Business & Finance, Business Developments & Projects, Project & Tenders, Vessels

    Prosafe has disclosed a new timeline during which one of its semi-submersible vessels is expected to kick off its pending assignment.

  • Cotemar Extends ‘Safe Regency’ Contract

    16 December 2013
    Business & Finance

    Mexico’s Cotemar group has awarded Safe Regency accommodation rig a bareboat contract from 27 January 2014 until 31 December 2017. The contract value is approximately USD 86 million. 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 […]

  • Norway: Regalia Stays at Yme

    13 February 2012
    Business & Finance

    Prosafe, the world’s leading owner and operator of accommodation/service rigs, announces that Talisman Energy Norge AS has extended the contract for the semi-submersible multi-service vessel Regalia at the Yme field until end August 2012.  The extension of 198 days has a gross value of USD 57.4 million, bringing the total contract value up to USD […]

  • Cyprus: Prosafe’s 3Q Operating Profit Down on Lower Contribution of Safe Bristolia

    2 November 2011
    Business & Finance

    Operating profit for the third quarter came to USD 69 million and net profit amounted to USD 62.8 million. The utilisation of the rig fleet was 91 per cent. Financials (Figures in brackets refer to the corresponding period of 2010) Operating profit for the third quarter amounted to USD 69.0 million (USD 83.0 million). Utilisation […]

  • Prosafe gets relief from lenders while working on long-term plan

    2 June 2020
    Business & Finance, Business Developments & Projects

    Prosafe has gained support to an extension to the forbearance arrangement with a majority of its lenders until the end of June while working to agree on a long-term financial solution.

  • New Contract for Accommodation Vessel ‘Safe Caledonia’

    21 November 2013
    Business & Finance

    Prosafe has signed a contract with BP Exploration Operating Company Limited (‘BP’) for the Safe Caledonia to provide accommodation support at the Eastern Trough Area Project (ETAP) in the UK sector of the North Sea. ETAP is located 240km east of Aberdeen in the Central North Sea. It is an integrated development of nine oil […]

  • Bergen Group Provides Yard Stay Services for Safe Scandinavia Rig (Norway)

    2 July 2012
    Business & Finance

    Bergen Group Hanøytangen is awarded contract for a short yard stay for the  accommodation rig Safe Scandinavia in July this year. The contract value for Bergen Group Hanøytangen is estimated to NOK 8-10 million, and is based on an option agreement from earlier this year. Safe Scandinavia, which is operated by Prosafe Offshore Limited (Prosafe), […]

  • ‘Safe Scandinavia’ starts new life as Tender Support Vessel

    18 March 2016

    Prosafe’s offshore rig Safe Scandinavia has started its contract with Statoil at the Oseberg Øst installation, offshore Norway. The rig started mobilization to the offshore location on March 14 from the Westcon yard in Olen Norway, where it had been converted from an offshore accommodation rig into a Tender Support Vessel. Prosafe is responsible for the […]

  • Covid-19 outbreak hits Shell’s North Sea hub

    8 July 2021
    Business & Finance, Business Developments & Projects, Exploration & Production, Human Capital, Safety

    An outbreak of Covid-19 on a Shell-operated field off the UK has forced the oil major to remove dozens of workers from the North Sea hub.

  • Norway: Yard Stay for Safe Scandinavia

    27 March 2012
    Business & Finance

    Bergen Group Hanøytangen is awarded contract for a yard stay for the accommodation rig Safe Scandinavia in April this year. The contract value for Bergen Group Hanøytangen is estimated to NOK 15-20 million. The contract also includes an option for a shorter yard stay during summer 2012. Safe Scandinavia, which is operated by Prosafe Offshore […]

  • Shell takes Regalia flotel for UK North Sea platform

    27 August 2015
    Business & Finance

    Prosafe has signed a contract with Shell U.K. Limited (Shell) for the provision of the Regalia semi-submersible accommodation vessel at the Brent C platform in the UK sector of the North Sea. Prosafe says that the short duration contract starting in the second quarter of 2016 will provide Dynamically Positioned (DP) gangway connection for the […]

  • BP Extends Safe Scandinavia’s Valhall Operations (Norway)

    21 December 2012
    Business & Finance

    Prosafe and BP Norge AS have agreed to extend the Safe Scandinavia’s operations at Valhall  in the Norwegian part of North sea 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. Safe Scandinavia was built in […]

  • Flotel Safe Boreas gains further extension

    16 January 2017
    Business & Finance, Exploration & Production

    Repsol Sinopec Resources UK, formerly Talisman Sinopec Energy UK, has exercised options to further extend the charter of Prosafe’s flotel Safe Boreas by a total of 14 days. The firm operational period of the Safe Boreas at Montrose A in the UK sector of the North Sea is now through February 10, 2017, Prosafe said […]

  • Safe Zephyrus flotel connects to Claire Ridge platform

    22 May 2019
    Exploration & Production

    Offshore accommodation company Prosafe has informed that its flagship flotel Safe Zephyrus has reached BP’s Clair Ridge platform located West of Shetland.

  • ‘Safe Astoria’ remains with Shell in the Philippines

    8 June 2015
    Business & Finance, Exploration & Production

    Shell has extended a contract for a Prosafe-owned offshore accommodation rig in the Philippines. According to the Prosafe, one of the world’s largest suppliers of offshore accommodation rigs, also know as flotels, Shell has decided to award a one month extension for the Safe Astoria unit at the Malampaya Phase 3 Depletion Compression Project offshore Philippines. Total […]

  • Repsol Sinopec extends flotel contract as Montrose work drags on

    28 March 2017
    Business & Finance, Exploration & Production

    Repsol Sinopec Resources UK Limited, formerly Talisman Sinopec Energy UK Limited, has exercised a further four weeks of options for the Prosafe-owned flotel Safe Boreas.  Prosafe said on Tuesday that the Safe Boreas will continue operations for Repsol Sinopec at Montrose A in the UK sector of the North Sea through April 24, 2017, with […]

  • New CFO Joins TGS

    27 May 2015
    Business & Finance, Operations & Maintenance

    TGS has appointed Sven Børre Larsen as the company’s new Chief Financial Officer. The effective date of Larsen’s employment is yet to be determined, but will be no later than December 1, 2015. The company informed that Larsen will be based in TGS’ Asker office. Most recently, Larsen was the Chief Financial Officer of Prosafe Management AS […]