Offshore energy services firm OEG reported a 17% increase in revenue for the first half of 2025, reaching $267 million, supported by recent acquisitions, new contract wins, and expansion into new international markets.
The Aberdeen-based company said the rise was driven by a combination of strategic developments, including a multi-million-pound integrated services contract at the Inch Cape offshore wind farm in Scotland and subsea cable installation work in North America.
OEG has also expanded its footprint in the Asia-Pacific region, delivering a new vessel for the Hai Long offshore wind project in Taiwan and securing its first contract in Japan at the Hibikinada wind farm. Additional highlights included a three-year servicing agreement with Ørsted covering six offshore wind farms in Germany and ongoing work at the Sizewell C nuclear project in the UK.
As part of its broader growth strategy, OEG completed its 17th acquisition in five years with the purchase of U.S.-based Trinity Rental Services, enhancing its fleet capacity and strengthening operations in North America. The company also opened a new control centre in Edinburgh to monitor wind farm operations around the clock and reported growth in its global cargo carrying unit (CCU) fleet, which now exceeds 80,000 units.
Chief Executive John Heiton said the company is well-positioned for future growth under its unified branding strategy.
“OEG continues to go from strength to strength,” Heiton said. “These achievements position OEG exceptionally well for the remainder of 2025 and set the foundation for strong performance in 2026.”
The company has increased its global workforce by more than 20% in 2025, reaching around 1,500 employees. OEG said it remains on track to meet its long-term target of $1 billion in annual revenue by 2030.
