Aberdeen’s OEG hails record $600 million revenue as wind power work surges
“As we enter 2026, we do so with increasing strength in our core offering, a unified global brand and a scalable platform for growth” – John Heiton, CEO
OEG, the Aberdeen-headquartered offshore services provider employing 1,500 people globally, has hailed a year of progress, including pushing into new markets and opening a “state-of-the-art” wind farm monitoring facility in Edinburgh.
The group, which has roots stretching back more than 50 years, said a “strategic milestone” in 2025 had been the company’s acquisition by funds giant Apollo in a transaction valuing it at more than $1 billion (£730 million).
During the year, OEG achieved a strong financial performance across both its cargo logistics and renewables divisions, with revenues growing by more than 20 per cent on the prior year to exceed $600m for the first time. Global headcount increased by a similar percentage to around 1,500.
Chief executive John Heiton, a local to the Aberdeenshire area, who joined OEG in 2008, 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.”
He added: “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.”
Operational highlights during 2025 included an increase in the group’s global footprint, with the opening of new facilities and a push into emerging offshore wind markets such as Poland and South Korea. There were major contract wins and the establishment of long-term partnerships across the globe, including the group’s biggest cargo carrying unit contract win to-date in North America.
The firm also opened a new facility in Edinburgh, featuring the latest state-of-the-art technology for round-the-clock monitoring of wind farm operations.
OEG’s predecessor companies - Ferguson Seacabs, Containental and Vertec Engineering - were among the pioneers in the supply of equipment to the North Sea oil and gas industry, but the group now derives about half of its business from renewables work.
Last summer, OEG sealed its first acquisition since being bought by US funds heavyweight Apollo in March. The takeover of Trinity Rental Services (TRS) was said to mark a “strategic expansion” of OEG’s US footprint and capabilities.
In its latest annual summary and outlook, the group added: “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.”
Comments
Want to join the conversation? Please or to comment on this article.