Wednesday 20 August 2014
 
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Topaz

Topaz Energy unit revenue up 7pc

Nico Middle East, a subsidiary of top offshore support vessel firm Topaz Energy and Marine, saw its revenue $89.4 million in the first quarter, up seven per cent over the previous year. Announcing the results, the period has seen

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Topaz wins $11m West Africa contract

Topaz Energy and Marine, a leading offshore support vessel company with primary operations in the Middle East and Caspian, has won a new $11 million contract for its fast growing West Africa operation. Topaz will supply a global o

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Topaz wins $50m West Africa contract

Dubai-based Topaz Energy and Marine, a leading offshore support vessel company with primary operations in the Middle East and Caspian, has announced its West Africa operations with the winning of two PSV contracts worth $50 million.

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Topaz signs first phase of $330m debt plan

Topaz Energy and Marine, a unit of Oman's Renaissance Services, has signed the first phase of a $330 million refinancing loan agreement with banks, its parent said in a statement to the bourse on Sunday. UAE-based Topaz, appointed bank

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Renaissance profit slumps 93pc on Topaz charge

Oman's Renaissance Services on Tuesday reported a 93 percent drop in its annual profit for 2011 after taking a writedown from a subsidiary and as operating expenses rose. Renaiassance 2011 net profit was 2.29 million rials ($5.95 million)

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Topaz launches $380m financing initiative

UAE-based Topaz Energy and Marine, a leading oilfield services multinational and subsidiary of Renaissance Services, has launched a US$ 380 million financing initiative. The initiative, led by Standard Chartered Bank and DVB Bank, will inv

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Omani firm completes Topaz fraud probe

Renaissance Services, an Omani multinational oil and gas services provider, said it has completed its investigation into the misappropriation of $2.9 million at its Topaz unit and does not expect to recover any of the funds easily. The fr

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Renaissance uncovers fraud at Topaz unit

Oman's Renaissance Services  said it uncovered 'serious' issues at its Topaz unit, including financial misconduct and fraud, as the diversified firm posted a 77 percent plunge in its first-half net profit. Topaz, which pul

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Renaissance to raise $500m in Topaz's IPO

Oman's Renaissance Services aims to raise about $500 million in a London listing of its Dubai-based oilfield services unit and may also divest part of its stake in a secondary offer, it said on Sunday.    Renaissance's Topa

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DMS wins $48m contract from Maersk Qatar

Doha Marine Services (DMS), a Renaissance Services subsidiary under the umbrella of its Topaz Marine group, has won a five year vessel contract worth $48 million from Maersk Oil Qatar. Under the contract, the offshore support vessel Topaz

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