Topaz Energy Mulls London IPO

Dubai-based oil services company, Topaz Energy and Marine, is planning to list itself on the London Stock Exchange.

Dubai-based oil services company, Topaz Energy and Marine, is planning to list itself on the London Stock Exchange, Financial Times reports. JPMorgan Cazenove has been appointed by the company to advice on the possible flotation.

The company is seeking to raise capital to expand its businesses in the Gulf and the Caspian Sea as well as for smaller operations in West Africa and Brazil. The parent of Topaz, Renaissance Services, is listed on the Muscat Stock Exchange in Oman.

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