JANUARY 7, 2019 — Dubai, UAE, based Topaz Energy and Marine has signed a contract that, it says underlines the growing significance of offshore wind projects to the company.
A large north European contractor is chartering Topaz’s newbuild subsea vessel, Topaz Tangaroa, for work on renewable energy projects, primarily in support of offshore wind farms in the southern North Sea.
Booked last month, the charter adds to Topaz’s revenue backlog, which as of September 30, 2018 stood at $1.4 billion.
The...