Monday 21 April 2014
 
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Renaissance Services

Topaz inks $65m vessel charters deal

UAE-based oil field services company Topaz Energy and Marine said it has been awarded two new long-term charters, totalling over $65 million, in the GCC region and the Caspian Sea, two of the company’s major operating areas. A sub

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Renaissance unit wins GAC vessel contract

Renaissance Services subsidiary Topaz Energy and Marine, a leading provider of offshore support vessels, has won a contract from top shipping group GAC to provide completion services for two crew/cargo vessels. Topaz’s NicoCraft shipyard i

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Renaissance approves $130m capital hike

Renaissance Services' board has approved plans to raise new capital to help fund expansion, the Omani oil services company said on Tuesday. The new capital, which will be worth up to 50 million rials ($129.87 million), will be raised

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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 2010 revenue hits $658m

Oman-based Renaissance Services, one of the leading offshore vessel operators in the world, said its revenue in 2010 surged to RO253.4 million ($658.3 million) from RO248 million the previous year. Announcing the 2010 results at the AGM, R

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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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Renaissance posts $83m profit

Oman-based Renaissance Services, one of the top ten offshore vessel operators in the world, said its full-year net profit for 2010 soared to RO32.3 million ($83.8 million) from RO28.5 million the previous year. The net profit for 2010 also

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Renaissance in big mezzanine notes success

Renaissance Services, an Oman-based multinational oil and gas services provider, said its issue of subordinated mezzanine loan notes worth RO40 million ($104 million) to Omani investors has been fully subscribed. Mezzanine financing is a

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Renaissance Services secures $23m loan

Oman's Renaissance Services signed a $23.5 million loan agreement with Bank Muscat and Bank Sohar to finance business expansion plans, a company statement said on Monday. 'The loan will be used to fund the offshore support vessel f

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