Offshore accommodation rig provider Prosafe said Friday it had received support from lenders of its affiliated companies Prosafe SE and Prosafe Rigs Pte. Ltd. on debt restructuring proposal.'The company has received acknowledgment of credit…
Offshore accommodation provider Prosafe has decided to appeal an April 15 ruling by a court in Norway, ordering it to pay 465 million Norwegian crowns to shipyard Westcon for conversion work on one of its floatels, overturning a 2018 ruling in favor of Prosafe…
A Norwegian appeal court has ordered the offshore accommodation firm Prosafe to pay NOK 465 million (~$55,49 million) to Westcon Yards, overturning the Stavanger District Court's order from 2018, related to a conversion work on an offshore accommodation rig…
Offshore accommodation rig owner Prosafe reports it has won a contract for one if its units in the U.K. sector of the North Sea.The Safe Boreas will provide gangway connected operations supporting the Buzzard platform complex from mid-April 2021…
Offshore accommodation rig owner Prosafe has won a contract for one of its units in Trinidad and Tobago.The Oslo-listed company said Tuesday it had won a deal to provide accommodation and construction support using the Safe Concordia flotel in Trinidad and Tobago in Q2 2021…
Offshore accommodation specialist Prosafe has won a contract extension with Brazil's Petrobras for the provision of the Safe Notos semi-submersible vessel for safety and maintenance support offshore Brazil. The original three years and 222-day firm period were due to complete in July 2020…
Offshore accommodation rig provider Prosafe said Monday it has won a contract to supply one of its flotels for work with ConocoPhillips in Norway.Prosafe, which has this year seen its fleet utilization decimated due to the pandemic, said ConocoPhillips'…
Offshore accommodation specialist Prosafe has agreed with Shell to defer and amend the charter deal for its DP3 Safe Zephyrus semi-submersible accommodation rig.The flotel company has been hit hard by COVID-19 related cancellations and contract delays in the past months…
Offshore accommodation rig provider Prosafe has been given some breathing room by its creditors.The company earlier this month said it had agreed on an extension to the forbearance from the non-payments and defaults with a majority of its lenders across its $1…
Offshore accommodation company Prosafe has seen its fleet utilization rate drop to 32 percent in the first quarter of 2020 - down from 62.5% a year ago - and based on its clients' recent actions caused by low oil prices and the coronavirus pandemic…
The article was updated on April 27, 2020, with a statement by EnQuest which explained that the contract for the Safe Zephyrus had been terminated due to COVID-19-related safety concerns and not due to the low oil price.Offshore accommodation…
The article was updated on April 27, 2020, with a statement by EnQuest which explained that the contract for the Safe Zephyrus had been terminated due to COVID-19-related safety concerns and not due to the low oil price.Offshore accommodation…
Offshore accommodation rig contractor Prosafe has lost a contract it had won for its Safe Zephyrus offshore accommodation unit with EnQuest earlier this month.As previously reported, Prosafe on March 16 said it had secured a contract to support…
Offshore accommodation specialist Prosafe’s Safe Zephyrus accommodation rig has been contracted in support of the redundant subsea tank removal and safe re-habitation of the Thistle Alpha platform in the UK North Sea.As previously reported,…
Semi-submersible accommodation specialist Prosafe and oil major Shell have agreed on a contract extension for one of Prosafe's units for operations in the UK North Sea.The European offshore accommodation support company said in a press note that it had agreed with Shell to amend the original June 1…
