Prosafe said today that its Safe Caledonia offshore accommodation vessel would start a contract with Total at the Elgin field in the UK North Sea in April.
Impairment charges of £265million from a “prolonged downturn and weaker outlook in the North Sea” have taken Prosafe to a heavy loss in the third quarter.
Vessel accommodation owner Prosafe has had its proposed takeover of Swedish rival Floatel blocked by Norway’s competition watchdog.
The UK's monopoly watchdog is considering ramping up its investigation into the planned merger between two offshore accommodation rig owners.
A video has emerged showing a North Sea accommodation vessel living up to its name.