Offshore accommodation vessel owner Prosafe reported a loss for the start of the year amid “modest” tendering activity.
Prosafe has today confirmed in its 2019 first quarter (Q1) report that its Safe Zephyrus accommodation vessel will begin its agreed contract with BP in May.
Prosafe has been awarded a contract extension at Equinor’s Mariner project amid another setback to first oil from the project.
Offshore accommodation provider Prosafe narrowed its losses in 2018 as utilisation picked up.
Union bosses have accused offshore accommodation provider Prosafe of perpetrating one of the most “appalling examples of social dumping” ever seen.
Offshore vessel owner Prosafe has revealed it will shed up to 150 jobs through voluntary redundancy in a effort cut operating costs.
Prosafe has won two North Sea contracts worth £18.1million.
Prosafe has confirmed it is seeking to reduce its offshore workforce on two North Sea vessels in a bid to cut costs.
Increased tendering activity for the North Sea helped Prosafe significantly narrow its pre-tax losses.
Accommodation vessel contractor Prosafe has clinched a £9 million deal for its Safe Caledonia flotel in the UK North Sea.
Offshore accommodation vessel owner Prosafe expects rates to improve amid “early signs of normalisation and market recovery” in the North Sea.
Norwegian energy giant Equinor will keep the Safe Boreas accommodation vessel at the Mariner field for another month.
Prosafe has been offered a month extension for the Safe Boreas charter contract at the Mariner project by operator Equinor.
Vessel contractor Prosafe will get paid at least $25.5 million for deploying the Safe Scandinavia floatel at the Ula platform in the Norwegian North Sea.
Cyprus-headquartered Prosafe has submitted a counter-appeal in a £31million legal spat with Westcon.
Prosafe has signed a five-month contract with supermajor BP for the provision of an accommodation vessel at the Clair Ridge platform in the West of Shetland.
The world’s biggest vessel operator, Prosafe, has posted a significant loss for 2017.
Prosafe today reported its fleet utilisation rate in the fourth quarter of 2017 was 36.1%
The decision to send a group of oil workers ashore after they refused to get into lifeboats on a rig is “outrageous”, a union boss has said.
Offshore accommodation provider Prosafe said yesterday that it had sent 14 workers ashore for not taking part in an emergency drill.
Prosafe has extended its standstill agreement with Cosco over the three disputed rigs.
Owner and operator of semi-submersible accommodations vessels, Prosafe, will act as managers for Safe Swift vessel in the Central Mediterranean Sea contract.
Prosafe's $131million deal for Statoil's North Sea Mariner was not enough to cushion the financial blow for its third quarter.
Losses at offshore accommodation provider Prosafe widened in the first quarter as the market remained challenging.
Statoil has booked a Prosafe accommodation vessel for the first phase of its Johan Sverdrup hook-up and commissioning project in the Norwegian North Sea.