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DP World PLC has acquired 100% of Topaz Energy and Marine Limited for $1,079 million. Topaz is the leading critical marine logistics and solutions provider to the global energy industry. The company has strong relations with big oil companies including BP, Chevron, Dragon Oil, Dubai Petroleum, ExxonMobil, Saudi Aramco and Tengizchevroil. This deal is in line with DP's strategy to enter into the global logistics and marine services industry.
With the assistance of a specialized marine and seaward engineering consultancy-Aqualis Offshore, ONGC has effectively moved 29 portable offshore drilling rigs at their respective monsoon locations preceding the Indian monsoon. Aqualis Offshore is providing marine warranty services to ONGC’s jack-ups rigs and mobile offshore production units (MOPU) in Indian waters. This huge logistic challenge has been taken up with great care and safety.