OEG, a leading global energy solutions business, delivered a record performance in 2025, reflecting the continued strength of its diversified business model, market-leading positions and ability to execute at scale across both traditional offshore energy and renewables markets.
The Group achieved strong financial performance across both its cargo logistics and renewables segments, with revenues growing by over 20% on the prior year to exceed $600m for the first time.
A major strategic milestone in 2025 was OEG’s acquisition by Apollo in a transaction valuing the business in excess of $1 billion. The investment provides OEG with a supportive, long-term majority owner aligned with the Group’s global growth ambitions and strategy to continue scaling its platform organically and through targeted M&A.
Geographic expansion remained a key focus during the year, most notably in North America, where July’s acquisition of Trinity Rental Services significantly strengthened OEG’s regional presence. The transaction doubled the Group’s cargo carrying unit (CCU) fleet in the region and increased OEG’s global fleet to more than 80,000 units, enhancing its ability to support large-scale offshore projects worldwide.
To support increasing project scale and complexity, OEG continued to invest in its people, growing headcount to more than 1,500 employees, representing a 20% increase on the prior year. Alongside this growth, the Group completed the integration of its recent acquisitions, bringing all operations to market under a single, unified OEG brand. This has aligned the organisation around shared core values and strengthened its commitment to delivering consistent, high-quality solutions for customers globally.
Other operational highlights:
- Increased global footprint with the opening of new facilities and entered new markets such as CCU expansion into Namibia, and in emerging offshore wind markets including Poland and South Korea
- Major contract wins and the establishment of long-term partnerships across the globe, including OEG’s biggest CCU contract win to-date in North America
- Continued shift toward more integrated, multi-service line offerings with the highlight being the award of the Inch Cape services contract
- Opened a new facility in Edinburgh, Scotland, with the latest state-of-the-art technology for 24/7 monitoring of wind farm operations
- Continued to be leader in the provision of offshore innovations to optimise operations with investment in new subsea technologies and the launch of new vessels
2026 Outlook: OEG strongly positioned to capitalise on long-term growth opportunities.
Supported by long-term energy security and energy transition priorities, OEG enters 2026 well positioned to consolidate on its market position across both traditional oil & gas and renewables.
OEG’s diversified offering, together with its geographic footprint across more than 65 countries, provides resilience and flexibility, enabling the Group to navigate short-term market variability in individual regions while capitalising on new growth opportunities globally. For example, where offshore wind development opportunities in the US have softened, OEG has been able to redeploy resources and capabilities to areas of stronger demand in Europe and Asia-Pacific.
Commenting on OEG’s performance and outlook, John Heiton, chief executive officer said: “2025 was a year of significant progress for OEG, marked by strong top-line financial performance, strategic expansion and a further evolution of the Group’s scale and capability.
“OEG’s diversified business model, spanning complementary energy markets and geographies, positions us well to navigate short-term market variability while remaining focused on long-term structural growth drivers. Continued investment in our people, assets and technology ensures we can support our customers’ evolving needs, whether in the delivery of energy security today or the energy transition over the longer term.
“As we enter 2026, we do so with increasing strength in our core offering, a unified global brand and a scalable platform for growth. We remain focused on disciplined execution, operational excellence and creating long-term value for our customers, colleagues and shareholders.”