5372 results found for 'prosafe'

5372 results found for 'prosafe'
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  • UK: Blocking Prosafe-Floatel merger ‘the only way to mitigate competition concerns’

    30 January 2020
    Business & Finance

    Competition authorities in the UK have found that blocking a merger between offshore accommodation specialists Prosafe and Floatel may be the only way to mitigate competition concerns.

  • Prosafe Receives LOIA from Talisman Energy for MSV Regalia Rig (UK)

    8 March 2011
    Business & Finance

      Prosafe has been awarded a Letter of Interim Agreement (“LOIA”) by Talisman Energy (UK) Limited for the provision of the MSV Regalia accommodation support rig at the Auk South Redevelopment Project in the British sector of the North Sea. The firm period of the contract linked to the LOIA is six (6) months with […]

  • Prosafe participates in three tenders to get more assignments for its vessels

    21 March 2023
    Business & Finance, Business Developments & Projects, Project & Tenders, Vessels

    Offshore accommodation provider Prosafe is taking part in three ongoing tenders to win more work for its fleet of vessels.

  • Cyprus: Prosafe Production Announces 3rd Q 2010 Interim Update

    25 October 2010
    Business & Finance

    Prosafe Production, a leading owner and operator of Floating Production, Storage and Offloading vessels (FPSOs), announces interim financial report for 3rd quarter 2010: · Operating result before depreciation and restructuring charges of USD 56.8 million · Extension of contract for Abo FPSO · Production on FPSO Ningaloo Vision recommenced after shut-down · Agreement to combine […]

  • Cyprus: Prosafe Announces Rig Utilisation of 61 pct for 1Q 2011

    15 April 2011
    Business & Finance

      Rig utilisation in the first quarter of 2011 was 61 per cent. Safe Esbjerg, Safe Lancia, Jasminia, Safe Hibernia, Safe Britannia and Safe Regency have been fully utilised in the first quarter. MSV Regalia(photo) operated for BP at Valhall on the Norwegian Continental Shelf from mid March. Safe Scandinavia operated for BP at Valhall […]

  • ConocoPhillips set to deploy Prosafe unit at Norway’s first producing field

    10 February 2022
    Authorities & Government, Business & Finance, Business Developments & Projects, Exploration & Production, Project & Tenders, Regulation & Policy, Rules & Regulation, Safety

    ConocoPhillips has received consent from a regulator to use one of Prosafe’s semi-submersible units at Norway’s first producing field.

  • Prosafe’s flotel Safe Zephyrus gets more time with Aker BP

    16 December 2016
    Business & Finance, Exploration & Production

    Prosafe, an owner and operator of semi-submersible accommodation rigs known as flotels, has received a contract extension for one of its units from Aker BP. Aker BP, made by merging Det norske and BP Norge, extended the charter of the Safe Zephyrus semi-submersible accommodation rig at the Ivar Aasen project in the Norwegian sector of the […]

  • Prosafe Secures One-Week Contract Extension for Safe Scandinavia (Norway)

    22 January 2013

    Prosafe and BP Norge AS have agreed to further extend the Safe Scandinavia’s operations at Valhall field in the Norwegian part of the North Sea until 7th February 2013. The value of the seven-day contract extension is USD 2.1 million. Safe Scandinavia was built in 1984 at the Aker Verdal yard to an Aker H-3.2E […]

  • ‘Safe Bristolia’ returning to work soon

    22 January 2015
    Exploration & Production

    Prosafe has said that its Safe Bristolia flotel will return to work in April this year.

  • Flotel Safe Boreas gets another extension from Repsol Sinopec

    14 February 2017
    Business & Finance, Exploration & Production

    Repsol Sinopec Resources UK, formerly Talisman Sinopec Energy UK, has exercised a further month of options for the Prosafe-owned accommodation rig Safe Boreas.  The operator of the accommodation rigs known as flotels, Prosafe, informed on Tuesday that the firm operational period of the Safe Boreas at Montrose A in the UK sector of the North Sea […]

  • Offshore safety body clears Prosafe flotel for Johan Sverdrup work

    5 April 2018
    Exploration & Production

    Statoil has been given consent by the Petroleum Safety Authority to use the Prosafe-owned Safe Zephyrus flotel at the Johan Sverdrup field off Norway. 

  • BP to Use Safe Caledonia in UK North Sea

    24 April 2012
    Business & Finance

    Prosafe has signed a contract with BP Exploration Operating Company Limited (‘BP’) for the use of Safe Caledonia conducting accommodation support at the Andrew Area Development Project in the UK sector of the North Sea. On site operations are planned to commence end-2012, with a firm period through to end-August 2013. In addition, Prosafe has […]

  • ‘Safe Scandinavia’ gets extra time on Aker BP’s Ula job

    29 March 2019
    Business & Finance, Exploration & Production

    Norwegian oil and gas company Aker BP has exercised the second of three one-week options for the Prosafe-owned Safe Scandinavia accommodation rig. 

  • Elgin-Franklin Contract for Safe Bristolia (UK)

    7 November 2012

    Cyprus-based 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 UK sector of the North Sea. The firm period of the contract is 173 days with on-site operations planned to commence 1st May 2013. The owner of […]

  • Three-Year Contract Extension for ‘Safe Concordia’

    9 December 2013
    Business & Finance

    Prosafe has been awarded a contract extension by Petrobras Netherlands B.V. (Petrobras) for the provision of the Safe Concordia semi-submersible vessel for safety and maintenance support offshore Brazil.  The firm period of the contract extension is three years and commences in June 2014, immediately following expiry of the existing contract firm period. Total value of […]

  • PHOTO: ‘Safe Boreas’ connects to Montrose for Talisman Sinopec

    25 March 2016
    Exploration & Production, Project & Tenders

    Prosafe’s semi-submersible accommodation rig Safe Boreas is now operating in the UK North Sea on the Talisman Sinopec-operated Montrose Area Redevelopment (MAR) project.  Talisman Sinopec Energy UK is the operator with a working interest of 58.97%, and Marubeni Oil & Gas (U.K.) is the sole partner. Prosafe and Talisman Simopec recently agreed for Prosafe to provide one […]

  • BG Hires Safe Bristolia for UK North Sea Support Ops

    21 January 2013
    Business & Finance

    Prosafe has been awarded a contract by BG International Limited for the provision of the Safe Bristolia accommodation support rig at the Everest Platform in the UK sector of the North Sea. The two firm periods of the contract are 197 days in both 2014 and 2015, with on-site operations planned to commence during April […]

  • 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 […]

  • Woodside Extends Safe Astoria Contract (Australia)

    12 October 2012
    Business & Finance

    Australia’s Woodside Energy Ltd has exercised the first of two remaining 30 day options,for Prosafe’s accommodation rig, Safe Astoria. According to the press release issued by Prosafe, Safe Astoria’s operations at the North Rankin Redevelopment project will now run until 30th November 2012. The value of the exercised option for the rig that offers accommodation […]

  • 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.

  • WaveGen Energy completes its wave energy technology testing in India, eyes next steps

    20 March 2025
    Business Developments & Projects, Outlook & Strategy, Project & Tenders, Research & Development, Technology, Vision

    Renewable energy company WaveGen Energy has completed testing of its 200 W proof of concept (POC) at the National Institute of Technology Karnataka (NITK), demonstrating wave energy technology that could surpass current efficiency standards in the sector. According to WaveGen, its patented technology can generate electricity with a 52% efficiency rate, compared to the industry […]

  • 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 […]