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TOPAZ

Topaz Delivers $75M Oil & Gas Project

Photo courtesy Topaz Energy and Marine

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 topsides of the MOPU, project completion took more than two years with the workforce peaking at 1,400 men. The MOPUstor weighed 12,400 tonnes at load out and involved more than seven million man-hours all completed without a single Lost Time Incident (LTI). The MOPU was constructed in Topaz’s Abu Dhabi yard (ADYARD) and is currently being transported to the Norwegian sector of the North Sea. The unit was loaded out onto a heavy lift transportation vessel for the 5,000km trip to Norway. The MOPU will be deployed in the ‘Yme’ field approximately 110km offshore on the Norwegian continental shelf at a water depth of 92 meters. Bill Bayliss, COO of Topaz Engineering commented: “This is the largest project that Topaz Engineering has undertaken and it is probably the single largest offshore unit ever built in the Middle East. We are delighted about what has been achieved by Topaz Engineering


Topaz Successfully Arranges Refinancing

Phase One of US$ 330 million loan agreement signed.   UAE-based Topaz Energy and Marine Ltd. (Topaz), a leading oilfield services multinational and a subsidiary of Renaissance Services, announced that it has signed phase one of a US$ 330 million loan agreement with a syndicate of banks towards the refinancing of some of its existing loans. The deal paves the way for extra liquidity and new investments in Topaz’s Offshore  Support Vessel (OSV) operations.  


Topaz, Two New Vessels

Dubai-based Topaz Energy and Marine's Azerbaijan subsidiary, BUE Caspian, has added two new vessels to its offshore vessel fleet at a cost of more than $60m. The two new craft are a platform supply vessel and an emergency response and rescue vessel. Topaz, with a fleet of over 70 vessels, plans to invest $100m in the next two years in new craft as its oil and gas business expands. source: AME Info.


Topaz MOA for $29.5m Vessel Sale

Fazel A. Fazelbhoy - CEO Topaz_web.jpg

Topaz Energy and Marine announced it entered into an MOA for the sale of its DP2 Diving Support Maintenance Barge, Team Siam, to Mermaid Offshore Services Ltd. The $29.5m sale is part of Topaz’s ongoing fleet upgrade programme towards new tonnage and a move towards more deepwater assets which is closely aligned with its long-term corporate strategy. The Dubai based marine services and oil and gas fabrication company, Topaz Energy and Marine


Topaz Awarded $100m EPC Contract

Photo courtesy Topaz Energy and Marine

Topaz Engineering, a division of Topaz Energy and Marine has been awarded a $100m EPC contract for the Phase IV Oil Storage Terminal for client GPSChemoil in Fujairah, U.A.E. Through its subsidiary, Nico International Hydrospace, Topaz Engineering has won one of the major tank terminal repeat contracts in Fujairah for GPSChemoil, a partnership between Gulf Petrol Supplies LLC (GPS) and Chemoil. The 580,000 m³ terminal is one of the largest EPC tank terminal projects awarded to Topaz


L27/38-Powered Vessels to Operate for BP and Topaz Marine

L27-38 Main Engine

MAN Diesel & Turbo’s medium-speed propulsion packages have gained another foothold in Middle Eastern offshore operations.   After successfully completed seatrials, Abu Dhabi-based Adyard has earlier delivered the ‘Topaz Dignity’ – which is now followed by the ‘Topaz Triumph’ AHTS. Topaz Energy and Marine, a subsidiary of Oman-based Renaissance Services SAOG and a regional leader in providing offshore support vessels and engineering services


TOPAZ Explores Investment in Azerbaijan

A Topaz delegation consisting of Board Directors and Senior Management were in Azerbaijan in the Caspian region to hold discussions with State Oil Company Azerbaijan Republic (SOCAR). The aim of the meeting was to explore areas of mutual interest and opportunities for investment in the Caspian region. To support the growing offshore oil & gas market Topaz plans significant investments in the building of new offshore support vessels in the Caspian region in the next few years


Topaz Breakthrough in Turkmenistan

Photo courtesy Topaz Energy and Marine

Topaz Energy and Marine, through its subsidiary BUE Turkmenistan, announced the award of a $14m contract with MMHE (Malaysian Marine Heavy Engineering). MMHE is operating a JV between Technip and Petronas in the construction and development of the hook up and commissioning of the Magtymguly Collector Riser (MCR-A) offshore Turkmenistan. The scope of work under the contract will include transportation to support the installation of the topside and pipe lay support from MCR-A to the onshore gas


Topaz Multi-Million EPC Contract by FRCL

Photo courtesy Topaz Energy and Marine

Fujairah Refinery Company Ltd, jointly owned by Vitol Group and the Government of Fujairah, recently awarded a multi-million dollar EPC contract to the Topaz Energy and Marine subsidiary, Nico International. The contract award relates to the Oil Terminal 2 “Users’ Line” Connection Project in the Port of Fujairah. Part of the Topaz Engineering division, Nico was awarded the contract by FRCL in competition with several regional names


Topaz Buys Two Anchor Handling Vessels

Caspian Challenger

Topaz Energy and Marine has announced the acquisition of two large and modern Anchor Handling Towage and Supply Vessels (AHTSV) at a purchase price in excess of $100 million (USD). The vessels, the Caspian Challenger and the Caspian Endeavour, are sister vessels built by Kleven Maritime in Norway in 2008 and 2009, respectively. The vessels are equipped with dynamic positioning DP2, automated safe anchor handing capabilities and are currently the most powerful vessels operating in the


Topaz announces departure of CFO

Pernille Fabricius, Chief Financial Officer, Topaz Energy and Marine

  Topaz Energy and Marine, a leading offshore support vessel company today announced that its Chief Financial Officer, Pernille Fabricius, is leaving the company. Ms. Fabricius leaves with the Chief Executive and Board of Directors’ best wishes and appreciation of her time with the


Viking to Upgrade, Service Topaz Life Rafts

Caspian Protector

Topaz Energy and Marine, an offshore support vessel (OSV) company, and marine and fire safety equipment company VIKING Life-Saving Equipment has jointly announced the signing of a multimillion dollar, 10-year life-raft servicing agreement. Under the terms of the contract


Seychelles Island Learns to Protect the Golden Beaches

Seychelles CG Exercise: Photo EUCAP

A major exercise in implementing the national contingency plan for anti-pollution, search and rescue, and fire fighting has been held in the waters off Mahé, according to joint news from EUCAP Nestor & EUNAVFOR Atalanta. The scenario began with a mock distress call to the Coast Guard


The Gulf Set to Rival China's Ship Repair Capacity

Christopher Hayman: Photo Seatrade

“The Middle East is a world-class centre of excellence for ship repair with a number of well respected shipyards already offering a diverse range of services. We are seeing new joint ventures between the region and Asia in the dry dock sector


Topaz wins $100-million BP Contracts

Caspian Supplier.jpg

Topaz Energy and Marine, a leading offshore support vessel company with primary operations in the Middle East and Caspian, today announced the win of two contracts with BP in Azerbaijan’s largest oil and gas fields worth approximately $100 million (USD)


Windfarm Service Ship Burns, Sinks; Three Crewman Saved

Three crewmen have been rescued off Lowestoft this afternoon after their vessel caught fire in the North Sea, the Humber Coastguard reported. Humber Coastguard coordinated the rescue operation after the crew abandoned the ECC Topaz 10 nautical miles east of the town


Three Crewmen Rescued from Vessel Blaze

ECC Topaz (Photo courtesy East Coast Charters, Ltd.)

Three crewmen have been rescued off Lowestoft this afternoon after their vessel caught fire in the North Sea. Humber Coastguard coordinated the rescue operation after the crew abandoned the ECC Topaz 10 nautical miles east of the town.


Palfinger Delivers Two Offshore Cranes

Archer, the global oilfield service provider, has secured a contract with Statoil for the permanent plugging and abandonment of 12 gas wells on the Heimdal field in the Norwegian North Sea. Archer has selected the German rig manufacturer MAX STREICHER GmbH & Co. KG aA for its VDD 400


Topaz to Supply Two PSVs in West Africa

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Topaz Energy and Marine, a leading offshore support vessel company with primary operations in the Middle East and Caspian, has announced the expansion of its West African operations with the award of two PSV contracts worth $50 million (USD).


Bulletproof Crewboats Delivered in Nigeria

Photo: Incat Crowther

Incat Crowther is pleased to announce that Veecraft Marine has delivered a pair of 20m Monohull Crewboats and signed a contract to build a 30m Wave Piercing Catamaran Crew Boat. Hot on the heels of delivering Magen Defender and Masud Defender


Topaz Reports NMEL Results

2013 revenue up 22% over last year to $376.5 million as a result of the expansion of the core vessel fleet and high vessel utilization Topaz Energy and Marine, an offshore support vessel company, announced the results of its subsidiary Nico Middle East Ltd


Topaz Revenue up 22%

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Topaz Energy and Marine, a offshore support vessel company, announced the results of its subsidiary Nico Middle East Ltd. for the 12 months ended December 31, 2013. The period has seen continued strong and profitable growth across the group’s activities with revenues up 22% and EBITDA up 17%


Topaz Secures another West Africa Contract

The Topaz Faye

Topaz Energy and Marine, an offshore support vessel company with primary operations in the Middle East and Caspian, announced a new contract win for its fast growing West Africa operation. Under the terms of the $11 million agreement, Topaz will supply a global oil major with a platform supply


Topaz secures another West Africa contract

Topaz-faye DP2 platform

Topaz Energy and Marine, a leading offshore support vessel company with primary operations in the Middle East and Caspian, today announced a new contract win for its fast growing West Africa operation. Under the terms of the US$ 11 million agreement


Topaz Reports Revenue up 7%

Photo courtesy of Topaz

Q1 2014 revenue up 7% over Q1 2013 to US$ 89.4 million as a result of the expansion of the core vessel fleet and high vessel utilization. Topaz Energy and Marine has announced the results of its subsidiary Nico Middle East Ltd. (“NMEL”) for the three months ended 31 March 2014






 
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