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Renaissance sets up residential complex for workersRenaissance Services, a leading international facilities management and service solutions company, has announced the opening of its new turnkey project - Renaissance Village Duqm - a 16,960-bed facility that will accommodate the workforces of co More… |
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Oman Renaissance plans notes to fund bond buy-backOman's Renaissance Services plans to issue perpetual notes to finance the buy-back of convertible bonds, the company said on Sunday. The notes will be issued by a foreign subsidiary wholly owned by Renaissance, and sold to maj More… |
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Topaz inks $65m vessel charters dealUAE-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 More… |
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Renaissance unit wins GAC vessel contractRenaissance 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 More… |
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Renaissance approves $130m capital hikeRenaissance 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 More… |
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Omani firm completes Topaz fraud probeRenaissance 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 More… |
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Renaissance 2010 revenue hits $658mOman-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 More… |
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Renaissance to raise $500m in Topaz's IPOOman'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 More… |
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Renaissance posts $83m profitOman-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 More… |
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Renaissance in big mezzanine notes successRenaissance 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 More… |
