OEG, the Aberdeen-based offshore energy solutions specialist, has reported robust financial results for the first half of 2025, positioning the company firmly on track for its ambitious $1 billion revenue target by 2030.
Led by chief executive John Heiton, OEG posted H1 revenues of $267 million, buoyed by a string of landmark contract wins and the successful acquisition of Trinity Rental Services—its 17th deal in five years. The move bolsters OEG’s US presence and expands its fleet capacity as part of a wider global growth strategy.
During the period, OEG secured a multi-million-pound integrated service contract for the Inch Cape offshore wind project, one of Scotland’s largest such developments, and opened a state-of-the-art Edinburgh office to oversee wind farm operations around the clock. Other operational highlights included delivering a new vessel for Taiwan’s Hai Long wind farm, winning its first Japanese contract at the Hibikinada offshore site, and securing key wins in North America and the Caribbean.
Having increased its global workforce by over 20% since January, OEG now employs around 1,500 people. The business is investing in new facilities worldwide, having recently opened a global headquarters in Aberdeen and undertaken a brand repositioning to unite all operations under the single ‘OEG’ banner.
OEG also reported operational progress on sustainability, achieving a 7% reduction in Scope 1 and 2 emissions during the period while growing revenues, supported by the rollout of electric vehicles, rooftop solar and renewable energy initiatives at its offices.
Chief executive John Heiton praised employees and shareholders for their support, saying: “OEG continues to go from strength to strength with significant strategic growth achieved through H1’25. These achievements position OEG exceptionally well for the remainder of 2025 and set the foundation for strong performance in 2026.
“Our global reach and diversified portfolio give us the resilience to respond quickly to client needs wherever they operate. We are confident in maintaining momentum and delivering on our ambitious targets in the years ahead”.
