Sunday 28 December 2014
 
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Topaz Energy

Topaz 9-month earnings up 17pc to $144m

Topaz Energy and Marine, a leading offshore support vessel company, has posted EBITDA (earnings before interest, taxes, depreciation, and amortization) of $144.2 million for first nine months of the year, marking an increase of 17.5 per cent ove

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Topaz plans to raise $550m loan to fund expansion

Dubai-based Topaz Energy and Marine plans to raise $550 million in debt from banks in early 2015 to lower its borrowing costs and fund potential expansion at a time when the oil services market is softening, its chief executive said.

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Topaz plans to raise $550m loan to fund expansion

Dubai-based Topaz Energy and Marine plans to raise $550 million in debt from banks in early 2015 to lower its borrowing costs and fund potential expansion at a time when the oil services market is softening, its chief executive said.

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StanChart unit buys into UAE’s Topaz Energy

Standard Chartered Private Equity (SCPE) announced today (August 20) the acquisition of a minority stake in UAE-based Topaz Energy and Marine (Bermuda), a leading offshore support vessel operator, through an equity investment of $75 million.

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Topaz Energy unit posts 22pc revenue growth

Nico Middle East, a subsidiary of Dubai-based Topaz Energy and Marine said it has registered $376.5 million revenue for 2013, up 22 per cent over the previous year as a result of the expansion of the core vessel fleet and high vessel utilization

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Topaz Energy appoints new CFO

Topaz Energy and Marine, a global leading offshore support vessel owner with key operations in the Middle East and Caspian, has appointed Pernille Fabricius as chief financial officer (CFO). Fabricius’ career spans 25 years

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Topaz Energy deploys Dell network solutions

Dubai-based oilfield services company Topaz Energy and Marine said it has deployed network security solutions from Dell SonicWall, to ensure safe network and boost its productivity. A part of the Dell Software organization, Sonic

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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 defends disclosure delay

Omani group Renaissance Services defended itself against investor anger over late disclosure of troubles at its Topaz unit and said it will meet its short-term commitments as it focuses on turning around its troubled engineering unit.  &

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Topaz Energy 'pulls $500m London listing'

Oman's Renaissance Services  has pulled the planned $500 million initial public offering of its oilfield services unit Topaz on valuation concerns and growing regional unrest, a source familiar with the matter said. The order books fo

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