TOPAZ

Topaz Completes Milestone of Vopak Project

Topaz Energy and Marine Ltd. through its subsidiary Nico International, part of the newly established Topaz Engineering division has successfully completed the first milestone activity of a project for Vopak Horizon Ltd., Fujairah. The project was awarded to Nico by Interbeton (currently being rebranded as BAM International), Abu Dhabi in November last year for the design, fabrication & installation of offshore trestles and pipes. The project is due for completion in December 2009. During this project Topaz undertook the construction of Berth five and six of the 1.5 million cubic meter oil terminal for Vopak in Fujairah. The project also included fabrication and erection of offshore structures weighing 1,055 metric tonnes; design, fabrication and erection of offshore piping of eight kms length and erection of six Marine Loading Arms. Some of the other products being erected are gangway towers, fire fighting equipments, stripping pumps, nitrogen & slop tanks, pig launchers, operator cabins and MCC Containers. The first milestone of the project was the completion of the erection of Trestle TB four weighing 56 metric tonnes, which was performed with an A-frame barge of the main contractor Interbeton. The first milestone was safely completed without a lost time injury (LTI). 2008 was a record year for Topaz and the company presented record results for the eighth consecutive year

Topaz Expansion to West Africa

Topaz Energy and Marine (‘Topaz’), a leading oilfield services group, has secured a two vessel contract offshore Nigeria for the duration of 2011. The award constitutes a new market entry for Topaz in the strategically important and buoyant West African offshore sector. Topaz has mobilised two Anchor Handling Tug Supply Vessels (AHTSV), Topaz Johor and Topaz Jurong, for an eight month contract to support operations in the Atlas, Mira and Brittania fields, offshore Nigeria

Topaz Takes a Double at Seatrade Awards

During Seatrade’s grand award ceremony in Dubai on Oct. 8, Topaz Energy and Marine was awarded two prestigious accolades. Fazel A. Fazelbhoy, CEO of Topaz Energy and Marine received the award for the Personality of the Year and Topaz Marine MENA won the Workboats award. The Personality of the Year award presented to Fazelbhoy was one of three special honours on the night, bestowed upon individuals for their significant and lasting contribution to the shipping and maritime industry

Topaz Wins New Charters, Acquires Two AHTS

Topaz signs over $65 million of new charters and announces the acquisition of two AHTS. Renaissance subsidiary, Topaz Energy and Marine (“Topaz”), a UAE-based oil field services company, has been awarded two new long term charters, totalling over $65 million, in the GCC and the Caspian Sea, two of the company’s major operating areas. It also confirms the acquisition of Topaz Rayyan and Caspian Reliance, two Anchor Handling Tug Supply Vessel (AHTS).  

Topaz Acquires MSV

  Topaz Marine recently confirmed the acquisition of the Multipurpose Support Vessel (MPSV) Ocean Commander in . The vessel has been renamed Topaz Commander and joins Topaz Marines’ fleet of around 100 vessels. Built in 1999 in Myklebust as a 84 m UT 745 Platform Supply Vessel (PSV), the addition of a 50t knuckle boom crane makes the Topaz Commander a highly competent MPSV. She is classed as a DP2 vessel and features twin thrusters aft, a tunnel thruster and drop azimuth forward

Topaz Appoints Bayliss as COO

Topaz Energy and Marine announced the appointment of Bill Bayliss as the Chief Operating Officer of Topaz Engineering, the company’s engineering division. Bayliss has been appointed COO of Topaz Engineering, effective immediately. He replaces the outgoing COO Jim Masterton who remains with the company in an advisory capacity. A 20 year veteran of the oil & gas industry, Bayliss has had a successful career with industry names such as KBR and Petrofac

Topaz Delivers $75M Oil & Gas Project

Topaz Energy and Marine announced the project delivery of the deck structure of a Mobile Offshore Production Unit and storage (MOPUstor). The MOPUstor deck was constructed by Topaz Fabrication and Construction; part of the Topaz Engineering division under a subcontract from Single Buoy Moorings Inc for its client, Talisman Energy Norge AS. The value of Topaz Engineering’s portion of the work was $75m.   Topaz’s scope of work was fabrication and construction of the hull and

Topaz Completes Fujairah Project

Topaz Energy and Marine, through its subsidiary Nico International Hydrospace, part of the newly established Topaz Engineering division, has completed the Vopak Horizon Fujairah Limited Phase 5 – Marine Extension Project. Topaz executed in subcontract to BAM International (formerly known as Interbeton). The project was completed safely without any lost time injury and within the agreed project schedule. The subcontract was awarded in November 2008 and Topaz’s scope for the

Topaz Announces $65M Profit for 2009

Topaz Energy and Marine announced its audited financial results for 2009. Topaz posted revenue of $448 million, EBITDA of $ 127 million and Net Profit of $ 65 million demonstrating year on year growth of 7%, 14% and 38% respectively. The growth in these difficult times clearly demonstrates a resilience that sets Topaz apart from many of its peers. Topaz Energy and Marine is an oil & gas focused marine services and engineering company with a regional footprint across the Middle East and

MAN Propulsion Package Powers Two New AHTS

Abu Dhabi-based Adyard has delivered two AHTS vessels equipped with MAN L27/38 propulsion packages. The two Topaz Energy & Marine 67-metre (80-ton bollard pull) vessels are ready for anchor handling tug supply services and the transportation of dry and liquid cargo to and from pipe-laying barges, drilling platforms and production platforms for offshore operations. The Topaz Dignity will operate on behalf of BP, the oil and gas major