|Bid||15.90 x 4412500|
|Ask||16.06 x 3800000|
|Day's Range||15.44 - 16.32|
|52 Week Range||11.52 - 31.55|
|Beta (3Y Monthly)||3.17|
|PE Ratio (TTM)||N/A|
|Earnings Date||May 9, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||3.02|
Aker BP ASA has exercised the first of eight one-month options to extend the charter of the Safe Scandinavia. The total value of the option is USD 4.5 million. In mid-August.
Fourth quarter 2018 report – Recent developments give raise to continued optimism In the fourth quarter, Prosafe had a fleet utilisation of 63 per cent (36.1 percent). EBITDA.
Prosafe has participated in an online auction for the supply of safety and maintenance support vessels to Brazil and on conclusion of the auction achieved first place commercial.
Prosafe SE will release its fourth quarter 2018 results on 5 February 2019 at approx. 07:00 a.m. CET. Jesper Kragh Andresen, CEO and Stig H. Christiansen, Deputy CEO & CFO.
The improved utilisation for the quarter was mainly driven by a full quarter of operation for Safe Scandinavia and a 2/3 quarter of operation for Safe Concordia. Safe Scandinavia has been operating at Aker BP’s Ula platform on the Norwegian Continental Shelf since 1 September 2018, and was in full operation throughout the quarter. Safe Caledonia completed its operations for BP at the Clair Ridge platform in the UK on 22 November 2018 and is now laid-up at Scapa Flow in the UK.
Prosafe has been awarded two contracts for operations in the UK sector of the North Sea. The Regalia has been chartered for a 60-day duration commencing June 2019, and the Safe Caledonia has been chartered for an 80-day duration commencing June 2020. Prosafe has pre-agreed optionality with the client to substitute the Safe Caledonia with another vessel in its fleet if it so choses.
Reference is made to previous announcements by Prosafe with respect to agreements with COSCO and its lenders, including announcements of 3 and 29 August 2018. As part of these.
In the third quarter, Prosafe finalised the transforming agreements with COSCO and its lenders, secured several contracts and extensions and grew the firm order book. EBITDA for the third quarter amounted to USD 31.3 million (USD 29.6 million). "Following the agreements with Cosco and lenders from August to reposition the company, it is promising to see growth in order intake after several years of falling order backlog. Transforming agreements with COSCO and lenders were approved and are effective from 31 August.
Prosafe SE will release its third quarter 2018 results on 6 November 2018 at approx. 07:00 a.m. CET. Jesper Kragh Andresen, CEO and Stig H. Christiansen, DCEO & CFO will the same day at 10:00 a.m. CET ...
BP Exploration Operating Company Limited (`BP`) has chartered the Safe Zephyrus to provide gangway connected operations supporting the completion of some post first oil scopes in summer months when the weather is favourable at the Clair Ridge platform West of Shetland in the UK sector of the North Sea. The contract will be performed using dynamic positioning, affording BP flexibility and high bed capacity throughout operations. Total value of the contract excluding the option periods is approximately USD 19 million.
Prosafe has agreed with Equinor UK Limited to extend the Safe Boreas at the Mariner project in the UK sector of the North Sea by eight months from November 2018 until June 2019. In addition, Equinor has ...
Prosafe has signed a contract with a major oil and gas operator for the Safe Caledonia to provide accommodation support in the UK sector of the North Sea. Jesper Kragh Andresen, CEO of Prosafe says: "Prosafe is extremely pleased to secure this contract after a competitive bidding process. Prosafe is a leading owner and operator of semi-submersible accommodation vessels.
Reference is made to the convertible bonds issued by Prosafe SE ("Prosafe" or the "Company") on 15 September 2016, with ISIN NO 001077102.5 ("Convertible Bonds"). Notice ...
Reference is made to announcement of 3 August 2018, whereby it was reported that Prosafe ("Prosafe" or the "Company") had reached agreements with COSCO and the majority of its lenders transforming the Company`s fleet, market position and earnings potential, and securing a significantly enhanced financial runway. The Company is pleased to announce that it now has received confirmation of support from all lenders for implementation of the agreements and the amendments to the Company`s bank facilities. The Company has also been informed that the lenders` election to receive warrants instead of increased margins have been fully utilized, implying that 9.78 million warrants will be issued.
Reference is made to the convertible bonds issued by Prosafe SE ("Prosafe" or the "Company") on 15 September 2016, with ISIN NO 001077102.5 ("Convertible Bonds"). Notice for ...
Jesper K. Andresen, Prosafe`s CEO states, "This has been an eventful quarter. In addition, we have reached a transforming agreement with Cosco and our lenders which will allow us to transform our fleet in line with market developments while maintaining an improved financial situation and flexibility.
In this article, I’m going to take a look at Prosafe SE’s (OB:PRS) latest ownership structure, a non-fundamental factor which is important, but remains a less discussed subject among investors.Read More...
Equinor UK Limited has exercised the second of six one-month options to extend the charter of the Safe Boreas. The total value of the option is USD 6 million. In early August 2017, the Safe Boreas commenced ...
Prosafe remains committed to its fleet high-grading and renewal strategy and continues to work with COSCO Shipping (Qidong) Offshore Co. Ltd (COSCO) to find a workable commercial solution for the three ...
Equinor UK Limited (formerly Statoil (UK) Limited) has exercised the first of six one-month options to extend the charter of the Safe Boreas. The total value of the option is USD 6 million. In early August ...
Prosafe awarded important contract in Brazil Prosafe has been awarded a contract by MODEC Serviços de Petróleo do Brasil Ltda ("MODEC") for the provision of the Safe Concordia semi-submersible ...
Prosafe has signed a contract with Aker BP ASA for the Safe Scandinavia to provide accommodation support at the Ula platform in the Norwegian sector of the North Sea. Total value of the contract excluding the option periods is approximately USD 25.5 million. The option periods, if exercised, have a total value of approximately USD 36.7 million.
Prosafe acting as commercial managers for the Axis Offshore owned Safe Swift has won a contract to support activities in the Central Mediterranean Sea. Upon demobilisation from her existing contract in ...