Thursday 25 December 2014
 
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Topaz

Topaz opens new ship repair facility in Abu Dhabi

Topaz Marine Engineering Division (TMED), a leader for marine engineering services, has opened its new ship repair facility at Abu Dhabi Ports Company’s (ADPC) Free Port next to the Zayed Port. The facility, for which the la

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Renaissance to revive listing plans for Topaz arm

Oman's Renaissance Services has revived plans to list its oilfield services business Topaz, more than three years after pulling a share sale in London, sources said on Thursday. Dubai-based Topaz Energy and Marine, one of the bigg

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Topaz Energy earnings grow 12pc in H1

Topaz Energy and Marine, a leading offshore support vessel company, has posted a 12 per cent increase in earnings before interest, tax, depreciation and amortisation (EBITDA) during the first half of the year and a 5.3 per cent growth in EBITDA

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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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