Norway Rejects Accommodation Vessel Mega-Merger

The Norwegian Competition Authority has rejected the proposed mega-merger of accommodation vessel operators Prosafe and Floatel on the grounds that the merger would lead to increased prices through less competition.  A joint statement from the two companies said they were notified on Tuesday in a Statement of Rejection from the NCA. “Floatel and Prosafe will study … [Read more...]

Prosafe to Lay-Up More Accommodation Rigs

Semi-submersible accommodation vessel owner Prosafe is laying up two more rigs due to cuts by Mexican oil company Pemex, meaning that all five of Prosafe's rigs working off Mexico will be out of operation. Prosafe said Monday it was informed by its Mexican client Cotemar that Pemex has decided to suspend its contracts for the accommodation vessels Safe Regency and Safe … [Read more...]

Prosafe Books First Gig for New Accommodation Vessel

  Semi-submersible accommodation vessel owner Prosafe says it has booked a $60 million contract for use of one of its newbuild vessels beginning in 2016. Prosafe says that the contract was signed with an undisclosed client for use of an accommodation vessel in the UK sector of the North Sea. The contract covers a firm period of eight months beginning in … [Read more...]

Prosafe Finalizes Newbuild Contracts with COSCO

Following up on their letter of intention this month, Prosafe has finalized contracts with COSCO (Qidong) Offshore Co. for the engineering, procurement and construction of two Gusto MSC Ocean 500 designed semi-submersible accommodation vessels, plus options for an additional four units.  Total cost for each unit is in excess of USD $200 million. These vessels will sleep 500, … [Read more...]

Safe Caledonia Awarded Contract at ETAP

Via Prosafe -  Prosafe has signed a contract with BP Exploration Operating Company Limited for the Safe Caledonia to provide accommodation support at the Eastern Trough Area Project (ETAP) in the UK sector of the North Sea. ETAP is located 240km east of Aberdeen in the Central North Sea. It is an integrated development of nine oil and gas reservoirs. ETAP is developed … [Read more...]