5424 results found for 'prosafe'

5424 results found for 'prosafe'
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  • Fleet staying active as Prosafe navigates strategic divestments

    23 April 2025
    Business Developments & Projects, Infrastructure, Vessels

    Oslo Stock Exchange-listed semi-submersible accommodation vessel owner and operator Prosafe has shared its fleet activity for March.

  • Prosafe Secures Contract for Accommodation Vessel ‘Jasminia’ in Mexico

    19 November 2013
    Business & Finance

    Cotemar group has confirmed that Jasminia has been awarded a contract from end November this year until end December 2015. The contract value is approximately USD 32.7 million. Prosafe is an owner and operator of semi-submersible accommodation vessels. Operating profit reached USD 222.4 million in 2012 and net profit was USD 177.5 million. The company […]

  • Norwegian regulator moves to block Prosafe-Floatel merger

    16 September 2019
    Exploration & Production

    The transaction involves the two closest competitors in the Norwegian market for offshore accommodation services

  • Prosafe waiting on weather to get hold of its flotel

    7 January 2016
    Exploration & Production

    Prosafe, the owner of semi-submersible accommodation rigs, is still waiting for the weather to improve to re-attach its flotel Safe Bristolia to a tug vessel in order for it to continue its journey to Poland.  The Safe Bristolia was heading to Gdansk attached to an anchor handling tug vessel Sea Lynx when the heavy weather […]

  • Prosafe Supports Thistle Platform Subsea Tank Removal

    16 March 2020
    Operations & Maintenance, Project & Tenders

    Prosafe has secured a contract to provide accommodation in support of the redundant subsea tank removal and safe re-habitation of the Thistle Alpha platform in the UK North Sea. Prosafe will be using Safe Zephyrus, a DP3 semi-submersible ASV, to support the Thistle tank removal. With beds for 450 persons, in single man cabins, the […]

  • Green light for Prosafe’s newbuild flotel Safe Zephyrus

    21 July 2016

    Prosafe has received the Petroleum Safety Authority’s Acknowledgement of Compliance (AoC) for the newbuild flotel Safe Zephyrus. The flotel, built by Sembcorp Marine’s Jurong Shipyard, was completed in November 2015 and delivered to its owner in January 2016. Safe Zephyrus is a semi-submersible accommodation rig which is to operate on behalf of Det Norske on its […]

  • More days added to Prosafe unit operating at Buzzard

    9 July 2021
    Business & Finance, Business Developments & Projects, Project & Tenders, Vessels

    Prosafe has been awarded more work for one of its units for operations on the CNOOC Petroleum-operated asset off the UK.

  • Total secures Prosafe flotel for accommodation support on Elgin

    1 August 2019
    Business & Finance, Exploration & Production

    Prosafe has signed a contract with Total E&P UK Limited for the Safe Caledonia to provide accommodation support at the Elgin complex in the UK sector of the North Sea.

  • Axis puts into effect two rigs sale to Prosafe

    14 December 2016
    Exploration & Production

    Flotel provider Axis Offshore has executed a definitive agreement with the offshore accommodation specialist Prosafe regarding the sale of two of its new flotels.  The pair signed a letter of intent for Prosafe to acquire the two harsh-environment semi-submersible accommodation rigs, the Axis Nova and the Axis Vega, in November 2016. In addition, Prosafe agreed […]

  • Prosafe, Floatel merger to create world’s largest offshore accommodation company

    4 June 2019
    Exploration & Production

    Offshore accommodation rig owners Prosafe and Floatel have agreed to merge businesses in what they say is “merger of equals.”

  • Prosafe sinks to loss despite highest fleet utilization since 2015

    5 February 2019
    Business & Finance

    Prosafe sank to the red in the fourth quarter of 2018 despite the highest quarterly fleet utilization since the third quarter of 2015. 

  • Prosafe Secures Contract for Safe Scandinavia in UK North Sea

    31 July 2012
    Business & Finance

    Prosafe has been awarded a contract by an undisclosed client for the provision of the Safe Scandinavia accommodation support rig at a project in the British sector of the North Sea. The firm period of the contract is 187 days with on-site operations planned to commence April 2013. Total value of the contract for the […]

  • Prosafe-Westcon dispute over cost overruns lingers on

    6 April 2017

    Prosafe, an operator of semi-sub accommodation rigs known as flotels, is still in dispute with Westcon over cost overruns related to Safe Scandinavia’s conversion from flotel to tender support vessel (TSV). In its 2016 annual report on Thursday, Prosafe said that the litigation process relating to the final costs of the conversion of the Safe Scandinavia […]

  • Prosafe stalls delivery of two newbuild accommodation rigs

    7 December 2017
    Exploration & Production

    Prosafe has further extended its standstill agreement with China’s Cosco Qidong shipyard for two semi-submersible accommodation rigs.

  • Highest fleet utilisation since 2019 nearly quadruples Prosafe revenues

    4 November 2021
    Business & Finance, Business Developments & Projects, Market Outlooks, Outlook & Strategy, Vessels

    Prosafe has achieved the highest quarterly fleet utilisation rate since 2019, nearly quadrupling its revenues when compared to 3Q last year.

  • Prosafe elects interim CEO after current one ‘agrees to step down’

    27 April 2016
    Business & Finance

    Prosafe, an owner and operator of semi-submersible accommodation vessels, has decided to appoint Stig H. Christiansen as the new interim chief executive officer (CEO) for Prosafe Management. According to Prosafe, the company’s current CEO, Karl Ronny Klungtvedt, has agreed to step down so the company decided to name its current CFO, Stig H. Christiansen, as the new […]

  • BP Exercises Option for Safe Scandinavia at Valhall, Norway

    26 October 2011
    Business & Finance

    BP Norge AS has exercised an amended 45-day option for the continued use of the Safe Scandinavia at the Valhall offshore facility in the Norwegian sector of the North Sea. The value of the exercised option is around USD 10.9 million. In addition, Prosafe has granted two additional 2 week options commencing March 2012 if […]

  • Total delays North Sea gig for Prosafe’s accommodation rig

    17 April 2020
    Business & Finance, Business Developments & Projects, Exploration & Production

    Offshore accommodation specialist Prosafe and oil major Total have agreed to delay Total’s 2020 North Sea campaign, which was supposed to use Prosafe’s Safe Caledonia flotel.

  • Modec hires Prosafe unit for work in Brazilian waters

    17 July 2018
    Business & Finance

    Prosafe has been awarded a contract by Modec for the provision of a semi-submersible accommodation vessel.

  • Prosafe CCO: Efficiencies can be found if you look hard enough (Interview)

    16 December 2015
    Exploration & Production

    Offshore Energy Today has interviewed Mr. Ryan Stewart, Chief Commercial Officer at Prosafe, one of the world’s largest providers of offshore accommodation vessels. In the interview below, one can learn about the high-spec offshore accommodation units in general, attractive regions for deployment, both advantages and disadvantages over lower specification units; and also about the challenges of […]

  • Cyprus: Prosafe Announces Best Ever Quarterly Result

    5 November 2010
    Business & Finance

    Operating profit amounted to USD 83 million, which is the best ever quarterly result, and net profit amounted to USD 72 million. Prosafe expects a good long-term demand for semi-submersible accommodation rigs, with stable activity in the North Sea and Mexico and growth in deepwater regions. Prosafe SE  is an owner/operator of semi-submersible accommodation and […]

  • Prosafe strikes a deal with lenders over restructuring plan

    4 June 2021
    Business & Finance, Business Developments & Projects

    Following an agreement with lenders, Prosafe expects to reduce its debt significantly and improve the balance sheet and financial flexibility.

  • Prosafe and Floatel agree extension of share purchase agreement amid competition concerns

    3 January 2020
    Business & Finance

    Prosafe and Floatel International have agreed an extension of a share purchase agreement related to a proposed merger of the two companies amid concerns raised by competition authorities.

  • Prosafe to Provide Accommodation Unit for Statoil’s Mariner Project (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 months with on-site […]

  • Prosafe, Cosco agree on flexible delivery dates for 3 flotels

    6 August 2018
    Exploration & Production

    Offshore accommodation rig specialist Prosafe has reached an agreement with the Chinese shipyard Cosco over the delivery of three units sitting at the Chinese yard.