Prosafe SE Company News

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Norway's $24B Fund Seeing End To Losses In Oil Services
Wednesday, August 17, 2016 The worst could be over for investors in Norwegian oil service high yield bonds.

Prosafe Takes Delivery of the Safe Zephyrus Accommodation Vessel
Wednesday, January 27, 2016 Prosafe takes delivery of the Safe Zephyrus semi-submersible accommodation vessel from Singapore's Jurong Shipyard.

Sembcorp Marine Delivers Accommodation Semisub Safe Zephyrus to Prosafe
Tuesday, January 19, 2016 Sembcorp Marine delivers the accommodation semisubmersible vessel Safe Zephyrus to Prosafe.

Prosafe Raises Funds to Strengthen Balance Sheet
Friday, December 04, 2015 Offshore accommodation provider Prosafe raises $71 million in order to strengthen its balance sheet.

Prosafe, Jurong Shipyard Agree on Flexible Delivery of Safe Zephyrus Vessel
Friday, November 27, 2015 Prosafe and Jurong Shipyard agree to a flexible delivery of the completed Safe Zephyrus accommodation vessel from the latter's yard in Singapore.

Prosafe SE: Robust Short-Term Outlook, Optimistic About Long-Term
Friday, August 21, 2015 Prosafe SE offers a "robust" short-term outlook and is optimistic about long-term market conditions.

Prosafe Wins North Sea Accommodation Vessel Contract
Monday, August 17, 2015 Norwegian offshore accommodation provider Prosafe SE signs a $60-million deal to supply a vessel to an unnamed client for work in the UK North Sea.

Prosafe, Shell Extend Safe Astoria's Contact at the Malampaya Project
Tuesday, June 09, 2015 Prosafe and Shell Philippines Exploration agree to a one month extension for the provision of the Safe Astoria accommodation support vessel at the Malampaya Phase 3 Depletion Compression Project offshore Philippines.

BG Group, Prosafe Agree New Program for Safe Bristolia Vessel
Friday, May 22, 2015 BG Group and Prosafe agree a new work program for the use of the Safe Bristolia accommodation support vessel on BG's Everest field.

Rig Firm Prosafe Sees Pickup in Activity as Oil Prices Rise
Wednesday, May 13, 2015 Offshore accommodation provider Prosafe posts first-quarter operating earnings above expectations as activity picks up.

Rig firm Prosafe Cuts Dividend Target on Weak Oil Sector
Wednesday, November 05, 2014 Offshore accommodation rig provider Prosafe cuts its dividend target as the offshore oil sector continues to weaken on capital spending cuts.

Prosafe Signs $443M, 3-Yr Rig Deal in Norway
Monday, March 17, 2014 Offshore accommodation supplier Prosafe signs a deal to provide its Safe Scandinavia vessel for three years of work in Norway.

Offshore Accommodation Provider Prosafe Warns of Tougher Times as 4Q Beats
Monday, February 10, 2014 Offshore accommodation supplier Prosafe warns of tougher times in spite of strong fourth quarter.

Cosco's $200M Deals to 2 Build Semisub Accommodation Vessels Take Effect
Tuesday, November 26, 2013 Cosco Corporation reported that contracts, valued at over $200 million, to build 2 semisubmersible accommodation vessels for Prosafe have taken effect.

Prosafe Signs LOI with Cosco to Build 2 Semisub Accommodation Vessels
Thursday, November 07, 2013 Prosafe inks a letter of intent, worth around $200 million, with Cosco (Qidong) Offshore Co. for the engineering, procurement and construction of two semisubmersible accommodation vessels.

Prosafe Sees Extensions Signed for 3 Accommodation Rigs
Wednesday, October 02, 2013 Accommodation rig provider Prosafe agrees extension deals for three accommodation support vessels.

Prosafe: Robust Demand for Accommodation Rigs
Thursday, August 22, 2013 Prosafe reports that the demand outlook for offshore accommodation vessels remains robust.

Sembcorp Marine Finalizes Accommodation Semisub Deal with Prosafe
Monday, November 19, 2012 Sembcorp Marine and Prosafe sign a contract for a second accommodation semisubmersible worth $295.2 million with options for an additional three units.

BP Chooses Prosafe's Safe Caledonia for Andrew Area
Tuesday, April 24, 2012 Prosafe signs a contract with BP for the use of Safe Caledonia conducting accommodation support at the Andrew Area Development Project in the UK sector of the North Sea.

Prosafe Wins Shell Contract Offshore Philippines
Monday, March 12, 2012 Prosafe has received a Notice of Award for a minimum 9-month contract by Shell Philippines Exploration offshore Philippines.

Prosafe Bags Nexen Gig at Golden Eagle Facility
Wednesday, September 14, 2011 Prosafe has been awarded a contract by Nexen for a 240-day firm period using the Safe Caledonia for accommodation support at the Golden Eagle facility.

Prosafe Enters LOI with Talisman for MSV Regalia
Tuesday, June 28, 2011 Prosafe has been awarded an LOI by Talisman for a 107 day contract using the MSV Regalia for accommodation support at the Yme facility.

Prosafe Snags Bareboat Contract in Mexico
Tuesday, April 26, 2011 Prosafe has been awarded a Letter of Intent by Interpetroleum Services for a bareboat contract for the Safe Bristolia, and contract extensions for the Jasminia and Safe Hibernia.

ConocoPhillips Awards Prosafe Contract
Friday, March 25, 2011 ConocoPhillips has awarded Prosafe a contract for use of the Safe Scandinavia for accommodation support at the Eldfisk Platform in the Norwegian sector of the North Sea.

Prosafe Awarded LOI for MSV Regalia
Tuesday, March 08, 2011 Prosafe has been awarded a Letter of Interim Agreement by Talisman for the provision of the MSV Regalia accommodation support rig at the Auk South Redevelopment Project.

Jasminia Receives Extension in Mexico's Cantarell Field
Thursday, September 30, 2010 Prosafe and Interpetroleum have agreed to extend the bareboat contract for use of the semi-submersible accommodation rig Jasminia in the Cantarell field.

Prosafe Bags North Sea Contract
Wednesday, August 11, 2010 Prosafe has been awarded a contract by BG International (CNS) for the provision of the Safe Caledonia accommodation rig.

Safe Lancia Secures Extension
Thursday, July 01, 2010 Interpetroleum Services has awarded Prosafe an extension of the bareboat contract for Safe Lancia.

Shell Philippines Buys More Time for Safe Astoria
Tuesday, April 06, 2010 Shell has exercised an option for the continued use of the Safe Astoria accommodation support rig offshore Palawan, Philippines.

BP Exercises Option for Continued Use of MSV Regalia
Monday, February 08, 2010 BP Norge AS has exercised the six-month option with commencement January 2011 for the continued use of the MSV Regalia accommodation support rig at the Valhall offshore facility.

FSO Endeavor Resumes Operations in India
Wednesday, January 27, 2010 FSO Endeavor has commenced the 12-month contract extension on the PY-3 field in India after undergoing repair work paid by the client Aban Offshore.

Hoegh, Prosafe Cooperate in LNG FPSO Segment
Monday, January 25, 2010 Hoegh LNG and Prosafe Production have executed a MOU for the long term cooperation within the LNG FPSO segment.

Prosafe Posts Rig Utilization Update for 4Q 2009
Friday, January 08, 2010 Prosafe reported that its rig utilization in the fourth quarter of 2009 was 84 percent and rig utilization for the year 2009 was 86 percent.

Prosafe Reports Q2 Results
Thursday, August 27, 2009 Prosafe SE on Thursday reported its financial results for the second quarter of 2009.

Prosafe Posts Operational Update for 2Q 2009
Monday, July 13, 2009 Prosafe SE reported that rig utilization in the second quarter of 2009 was 86 percent.

Shell Philippines Taps Prosafe for Safe Astoria Accommodation Rig
Friday, May 08, 2009 Prosafe has been awarded a Letter of Award by Shell Philippines Exploration B.V. for the provision of the Safe Astoria accommodation rig at the Malampaya Shallow Water Platform offshore Palawan, Philippines.

StatoilHydro Taps Safe Scandinavia to Accomodate Snorre A Facility
Tuesday, March 24, 2009 Prosafe was awarded a Letter of Intent by StatoilHydro for the provision of the Safe Scandinavia accommodation support rig at the Snorre A offshore facility in the Norwegian sector of the North Sea.

OP Marine, RH Morton Land Major North Sea Rig Refurb Contract
Tuesday, March 17, 2009 Two Scottish companies have secured a prestigious contract to undertake a rig re-fit for Singapore based Prosafe Rigs.

Sakhalin Energy Investment Axes Safe Astoria Contract
Monday, February 09, 2009 Sakhalin Energy Investment Company terminated the remaining contract duration for the use of the Safe Astoria accommodation support rig offshore Sakhalin Island in the Russian Federation.

Prosafe Underscores Rig Utilization for Fourth Quarter 2008
Wednesday, January 14, 2009 Prosafe has reported that its rig utilization in the fourth quarter of 2008 was 88%. The rig utilization for the year 2008 was 92%.

Safe Bristolia Lands Accomodation Gig at Pemex's Cantarell Field
Monday, January 12, 2009 Prosafe has been awarded a LOI by Interpetroleum Services Limited for a bareboat contract of the semisubmersible accommodation rig Safe Bristolia at the Cantarell field for Pemex in Mexico.

Maersk Exercises Option for Continued Use of Safe Esbjerg Unit
Tuesday, November 25, 2008 Maersk has exercised the second of two six-month options available for continued use of the Safe Esbjerg accommodation jackup.

Keppel Secures $222MM in Conversion, Construction Contracts
Wednesday, November 19, 2008 Keppel Offshore & Marine has secured contracts through its subsidiaries for the conversion of a floating storage and offloading vessel, as well as the refurbishment and outfitting of a semisubmersible multi-service vessel.

ProAnalysis Secures Oil in Water Monitor for Umuroa FPSO
Monday, November 17, 2008 Prosafe has placed an order with ProAnalysis AS for a two-point Argus Oil in Water monitor to be installed at the Umuroa FPSO operating outside New Zealand.

Jasminia Gets Extended Stay in Pemex's Cantarell Field
Thursday, November 06, 2008 Prosafe has been awarded a Letter of Intent by Interpetroleum for an extension of the bareboat contract of the semisubmersible accommodation rig Jasminia in the Cantarell field for Pemex in Mexico.

Prosafe Reports Rig Utilization Up, Profits Strong for 3Q
Thursday, November 06, 2008 Prosafe noted that its financial results for the third quarter were good, with an operating profit of US $61.2 million and a net profit of US $59.4 million.

Prosafe Extents Safe Caledonia Contract for $20MM
Tuesday, November 04, 2008 Prosafe has agreed to a $20 million contract extension for the Safe Caledonia with Total and Elf Exploration starting mid-June 2010.

Maersk Tosses Prosafe 2-Year Contract for Safe Esbjerg
Tuesday, October 28, 2008 Prosafe was awarded a contract by Maersk for the provision of the Safe Esbjerg accomodation jackup in the Danish sector of the North Sea.

Safe Scandinavia Awarded More Time at StatoilHydro's Sleipner
Wednesday, October 22, 2008 The Safe Scandinavia has been awarded an extension for operations at StatoilHydro's Sleipner facility in the Norwegian continental shelf.

Prosafe Sails out of Second Quarter with $125.9MM
Thursday, August 28, 2008 Prosafe has delivered its best second quarter ever, with operating revenues of US $125.9 million and operating profit before depreciation of US $75.3 million.