LogIn LogOut

DP World buys Topaz Energy for $1 bln

July 1, 2019

Port operator DP World Plc will buy Topaz Energy and Marine Limited for $1 billion from Standard Chartered and Renaissance Services, DP World said on Monday.

Topaz is a provider of marine logistics to the global energy industry. The deal is the latest in Asia-focused lender StanChart's efforts to sell its private equity business as part of a broader shift away from direct investing.

Reporting By Lawrence White

Current News

The Philippines: Shell Looking to Sell Malampaya Stake

The Philippines: Shell Looking to Sell Malampaya Stake

Schottel Thrusters for Russia-bound Ice-Breaking W2W Vessel

Schottel Thrusters for Russia-bound Ice-Breaking W2W Vessel

India's ONGC Douses Fire on Offshore Gas-fed Plant

India's ONGC Douses Fire on Offshore Gas-fed Plant

Woodside Hires DOF Subsea for Flowline Installation Support

Woodside Hires DOF Subsea for Flowline Installation Support

KrisEnergy Gets Kepinvest Support to Bring Cambodia Offshore Oil Project Online

KrisEnergy Gets Kepinvest Support to Bring Cambodia Offshore Oil Project Online

Oil Major Chevron Tells Employees to Delete WeChat from Phones

Oil Major Chevron Tells Employees to Delete WeChat from Phones

Recruitment Firms Fircroft, NES Global Talent Set to Merge

Recruitment Firms Fircroft, NES Global Talent Set to Merge

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com