5405 results found for 'prosafe'

5405 results found for 'prosafe'
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  • Prosafe: Tendering activity continues to pick up

    6 November 2018
    Business & Finance

    Prosafe has said that tendering activity continues to pick up in the North Sea market as well as internationally. 

  • Prosafe to sell flotel Safe Lancia for scrap

    19 January 2017
    Exploration & Production

    Prosafe, an owner and operator of semi-sub accommodation rigs, has decided to sell one of its units for scrap after buying two new ones from Axis Offshore.  Following the completion of the acquisition of Safe Nova and Safe Vega through a deal made with Axis in November 2016, Prosafe has now taken a final decision […]

  • Prosafe buying two Axis Offshore rigs

    10 November 2016
    Exploration & Production

    Offshore accommodation specialist Prosafe is looking to buy two new flotels from Axis Offshore, executing its plans on strategic consolidation, fleet renewal and scrapping of older assets. The company has signed a letter of intent to acquire two harsh-environment semi-submersible accommodation rigs, the Axis Nova and the Axis Vega. The two rigs are currently in […]

  • Prosafe Secures Contract for Accommodation Rig in Mexico

    13 December 2011
    Business & Finance

    Prosafe, a Cyprus-based owner and operator of semi-submersible accommodation/service rigs has been awarded a contract by Cotemar Group (“charterer”) for a contract extension for Safe Hibernia to be used at Pemex’ Cantarell, an aging supergiant oil field in Mexico. The Safe Hibernia bareboat contract is extended by 744 days, through to end-December 2013. The value of […]

  • Cyprus: Prosafe’s Flotel Utilisation at 83.3 pct

    27 April 2012

    Prosafe, the world’s leading owner and operator of semi-submersible accommodation rigs (flotels), announced that rig utilisation in the first quarter of 2012 was 83.3 per cent. Regalia, Safe Scandinavia, Safe Caledonia, Safe Concordia, Safe Lancia, Jasminia, Safe Hibernia, Safe Britannia, Safe Regency and Safe Bristolia have been fully utilised in the first quarter. The dayrate […]

  • Singapore: Prosafe Reports Q2 Operational Update

    12 August 2011
    Business & Finance

    Rig utilisation in the second quarter of 2011 was 84.7 per cent. Safe Scandinavia, MSV Regalia, Safe Caledonia, Safe Esbjerg, Safe Lancia, Jasminia, Safe Hibernia, Safe Britannia and Safe Regency have been fully utilised in the second quarter. Safe Bristolia commenced on the contract with Cotemar mid-May 2011. Prior to this the rig was at […]

  • Cyprus: Prosafe Strengthens Corporate Management Team

    20 December 2010
    Business & Finance

      Prosafe is implementing two organisational changes to strengthen the corporate management team. Sven Børre Larsen has been appointed as Chief Financial Officer, and will join the company on 1 January 2011. Sven Børre Larsen (born 1976) was most recently CFO of Prosafe Production Pte Ltd, and has prior to that been a financial analyst […]

  • Prosafe’s Rigs Get Contract Extensions in Mexico

    6 February 2013
    Business & Finance

    Cotemar Group has confirmed that Safe Britannia, Safe Lancia and Jasminia have had their current contracts extended until end-March 2013, mid-September 2013 and late-May 2013, respectively. The total value of these extensions is approximately USD 21 million. Prosafe is an owner and operator of semi-submersible accommodation/service rigs. Operating profit reached USD 192.3 million in 2011. […]

  • Prosafe Orders New Accommodation Rig in Singapore

    19 November 2012
    Business & Finance

    Prosafe has ordered a second harsh environment semi-submersible accommodation rig from Singapores’s Jurong Shipyard Pte Ltd. The rig will be built according to the GVA 3000E design and equipped with a DP3 (dynamic positioning) system as well as 12-point mooring arrangement. The unit, which is of similar design as Safe Boreas presently in construction at […]

  • Prosafe SE has become a Cyprus company

    20 September 2007

    Today Prosafe SE was registered in the Cyprus Register of Companies, and the transfer of Prosafe SE’s registered office from Norway to Cyprus is therefore effective from Friday 21 September 2007. (21 Sep 2007)

  • Cyprus: Prosafe Announces 3Q Rig Utilisation Report

    18 October 2011
    Business & Finance

    Prosafe today reported rig utilisation in the third quarter of 2011 of 91 per cent. Safe Scandinavia, MSV Regalia, Safe Caledonia, Safe Esbjerg, Safe Lancia, Jasminia, Safe Hibernia, Safe Britannia, Safe Regency, Safe Bristolia and Safe Concordia have been fully utilised in the third quarter. Safe Astoria was idle in the third quarter. The rig […]

  • Prosafe, Cosco in another flotel standstill extension

    31 May 2018
    Exploration & Production

    Prosafe, Oslo-listed provider of offshore accommodation rigs, has entered into another standstill agreement for flotels built by Cosco in China.

  • Third Prosafe unit wins assignment in Brazil

    8 December 2022
    Business & Finance, Business Developments & Projects, Exploration & Production, Project & Tenders, Vessels

    Prosafe has been awarded a contract for the provision of the Safe Zephyrus vessel for safety and maintenance support off Brazil.

  • Prosafe takes delivery of Safe Eurus flotel

    4 July 2019
    Exploration & Production

    Offshore accommodation rigs operator Prosafe has taken delivery of its newbuild unit Safe Eurus from a shipyard in China.

  • Prosafe: 3Q Fleet Utilisation at 91 Pct

    24 October 2013

    Prosafe, a Cyprus-based owner of offshore accommodation rigs, has announced that its fleet utilisation in the third quarter of 2013 was 91 per cent, with ten vessels; Safe Scandinavia, Regalia, Safe Caledonia, Safe Bristolia, Safe Concordia, Safe Lancia, Jasminia, Safe Hibernia, Safe Britannia and Safe Regency in full operation during the quarter. Safe Concordia was […]

  • Prosafe Completes $116 Million Bond Issue

    10 October 2013

    Prosafe, a Cyprus-based owner of offshore accommodation rigs, has announced that it has successfully completed an NOK 700 million (around $116 million) unsecured bond issue maturing in October 2018. The bond carries an interest of 3-month NIBOR plus 2.95 per cent. Settlement date is expected to be 22 October 2013. An application will be made for […]

  • Board Director Buys 7.000 Shares in Prosafe

    27 December 2013
    Business & Finance

    Roger Cornish, Director of the Board of Prosafe SE, on 23 December purchased 7,000 shares in Prosafe SE at NOK 45.542774 per share. After this,  Cornish owns 7,000 shares in Prosafe SE. Cornish, born in 1948, has worked 12 years as CEO of Interconnector UK, was president and general manager of BP Exploration in Indonesia, held the […]

  • Prosafe Places Orders for Two Accommodation Rigs

    22 November 2013
    Business & Finance

    Prosafe has entered into firm contracts 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: Weaker demand for flotels in North Sea

    9 February 2015
    Exploration & Production

    Prosafe, the world’s largest owner of offshore accommodation rigs, known as flotels, has today reported its net profit for the fourth quarter of 2014 was $51 million. The profit was lower when compared to $59.7 million earned in the same period of 2013. Explaining the drop in profit, the company has said that the result […]

  • Prosafe fleet utilisation in 1Q at 76 pct

    24 April 2014
    Business & Finance, Project & Tenders

    Prosafe, a Cyprus-based owner of offshore accommodation rigs, has announced that its fleet utilisation in the first quarter of 2014 was 76 per cent with eight vessels Safe Caledonia, Safe Astoria, Safe Concordia, Safe Lancia, Jasminia, Safe Hibernia, Safe Britannia and Safe Regency in full operation throughout the quarter. Safe Concordia was on contract in […]

  • Prosafe lays up two more flotels

    21 October 2016

    Prosafe, an owner and operator of semi-submersible accommodation vessels known as flotels, laid up two more units during the third quarter of 2016.  In an operational update on Friday, Prosafe said that the 1982-built flotel Safe Caledonia completed its operation for BP in August and the vessel has been laid-up in UK since then. BP hired the […]

  • Prosafe swings jobs axe to cut costs

    26 July 2016
    Business & Finance

    Prosafe, an operator of accommodation rigs known also as flotels, is implementing workforce reductions across the group in order to reduce costs.  The company said on Tuesday that, as part of its cost efficiency measures reported in connection with the company’s 1Q 2016 report, Prosafe is implementing a reorganization of the group’s shore-based business resulting […]

  • Prosafe’s Accommodation Vessel Wins New Contract

    19 December 2013
    Business & Finance

    Prosafe has been awarded a contract by Swiber Offshore Construction Pte Ltd (Swiber) for the provision of the Safe Astoria semi-submersible accommodation vessel for operations located in Indonesia’s Natuna Sea offshore gas gathering facilities.  On site operations are planned to commence end-December 2013, with a firm period of 60 days. In addition, Prosafe has granted […]

  • Westcon appeals against court judgement in Prosafe dispute

    19 April 2018

    Norwegian Westcon Yards has filed an appeal against a court judgement in a dispute with Prosafe related to the conversion of the tender support vessel (TSV) Safe Scandinavia.

  • Court overturns previous ruling in Prosafe-Westcon case

    15 April 2021
    Authorities & Government, Business & Finance, Business Developments & Projects, Rules & Regulation, Vessels

    A court of appeal has reversed a decision of a district court in Norway in a case between Prosafe and Westcon.