About OEG
OEG is an Energy & Utilities company based in Shoreview (United States) founded in 1991, and was acquired by KKR in July 2014. Reusable offshore containers and equipment are supplied for energy operations. It operates on a Managed Services and Product-as-a-Service model in Energy & Utilities and Industrial Goods & Manufacturing sectors. OEG has completed 3 acquisitions, including 23 Degrees Renewables, ONRG and Pelagian. OEG offers products and services including Offshore Equipment Solutions, Temporary Power Solutions, Subsea Services, and Helicopter Refuelling Systems. Its focus areas include Energy, Renewable Energy, Offshore Wind and Oil and Gas.
Company details
OEG is recognized as a leading provider of mission-critical infrastructure assets and technical solutions to the global offshore energy industry. Services are offered across the full energy value chain, including topside services, offshore equipment solutions, temporary power, subsea services, and aviation support. Operations span over 65 countries, supporting key energy markets across six continents. Specialized solutions are delivered for offshore wind farms, with involvement in approximately 97 of global projects. Additionally, training programs are provided for the next generation of offshore professionals. The focus remains on operational excellence, sustainability, and delivery of integrated energy solutions.
- Latest Funding Round$140M (USD), Debt – Conventional
Oct 2023
- InvestorsGoldman Sachs
& 4 more
- Investments & Acquisitions23 Degrees Renewables
& 2 more
- Acquired byKKR
(Jul 2014)
Products & Services of OEG
OEG offers a comprehensive portfolio of products and services, including Offshore Equipment Solutions, Temporary Power Solutions, Subsea Services, and Helicopter Refuelling Systems.
Equipment solutions are provided for offshore energy projects.
Temporary power solutions are delivered for offshore operations.
Subsea services are offered for underwater energy projects.
Refuelling systems are provided for offshore helicopter operations.
Apps and channels of OEG
its YouTube channel OEG has 18 subscribers and 23 videos.
Videos from OEG
The most watched videos on OEG's YouTube channel, OEG (18 subscribers). Click a video to play it here.
More on OEG.
Funding Insights of OEG
- Total Rounds 1
- Last Round Debt – Conventional — $140M
- First Round $140M
(Oct 2023)
- Investors Count 4
All 1 funding rounds of OEG with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
5 investors in total: 5 institutional.
Investors in OEG
OEG has secured backing from 5 investors, including institutional and venture fund investors. Prominent investors backing the company include Goldman Sachs, NatWest and Citi.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investment banking services are delivered across multiple financial sectors. | 1869 | goldmansachs.com | New York, United States | |
Multiple sectors are invested in by this private equity firm. | 1976 | kkr.com | New York, United States | |
Commercial bank | 1968 | natwest.com | London, United Kingdom | |
Commercial banking and financial services are provided globally. | 1812 | citi.com | New York, United States | |
Commercial banking services are offered in the United States. | 1857 | santanderbank.com | Boston, United States |
Investor details for OEG
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of OEG
12 people are tracked at OEG (7 in leadership, 1 in board & advisors, 4 in team).
| Name | Role | Group |
|---|---|---|
Doug Fleming | Chief Financial Officer | Leadership |
Melanie Bruce | Finance Director | Leadership |
Gavin Collins | Global Commercial Director | Leadership |
John Heiton | Chief Executive Officer | Leadership |
David Carr | Chief Commercial Officer | Leadership |
Eric Briar | Managing Director, OEG Renewables | Leadership |
Anthony Moss | Chief of Staff | Leadership |
David Currie | Non-Executive Chairman | Board & advisors |
David Lipp | Group Financial Controller | Team |
Daniel Lim | Group Asset Manager | Team |
Joanne Barbour | Group Corporate Development and M&A Manager | Team |
Walter Haag | Tendering Manager | Team |
Complete people profiles for OEG
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Investments & Acquisitions by OEG
OEG has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include 23 Degrees Renewables, ONRG and Pelagian.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Electrical systems and equipment are managed for offshore applications. | onrg.co.uk | Stowmarket, United Kingdom | 2009 | Feb 2024 | •••• | |
Ship engineering and design services are provided to maritime clients. | 23degreesrenewables.com | Inverurie, United Kingdom | 2011 | Jun 2023 | •••• | |
Cables are manufactured by Pelagian for industrial use. | pelagian.co.uk | 2002 | Apr 2023 | •••• |
Complete acquisition details for OEG
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
Verified entity values are shown only after access is granted.
Timeline of OEG
6 dated milestones of OEG across 33 years, from founding to its latest funding, stage changes and deals.
- Founded OEG is founded.
- Exit Acquired by KKR.
- Acquisition Acquires Pelagian.
- Acquisition Acquires 23 Degrees Renewables.
- Funding First funding round of $140.0M.
- Acquisition Acquires ONRG.
Web traffic of OEG
Websites that share an audience with OEG (oegoffshore.com).
Websites whose visitors overlap most with OEG. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| komarindustries.com | 100% | 3.5K | #4,701,776 | View details | |
alleghenyshredders.com | alleghenyshredders.com | 100% | #4,924,858 | – | |
| vantagedrilling.com | 88% | 5.5K | #3,493,249 | View details | |
| halliburton.com | 88% | 483.6K | #111,969 | View details | |
| oge.com | 88% | 854.8K | #58,367 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 9 similar websites and full traffic analytics for OEG
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 9 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Top companies in Renewable & Sustainable Energy
3 companies that operate in the same segment as OEG (Renewable & Sustainable Energy) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Utility-scale renewable energy projects are developed by Enel X. | 2001 | Boston, Massachusetts, United States | USD 168.67 M | |||
Sustainable energy solutions are developed and operated worldwide. | 2000 | Chicago, Illinois, United States | USD 575 M | 1,276 | ||
Solar energy services are provided to residential customers nationwide. | 2007 | San Francisco, California, United States | USD 296.98 M | USD 2.96 B | 11,060 |
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Frequently Asked Questions about OEG
OEG was founded in 1991 and raised its 1st funding round 32 years after it was founded.
OEG is headquartered in Shoreview, United States. It is registered at Shoreview, Minnesota, United States.
OEG is recognized as a leading provider of mission-critical infrastructure assets and technical solutions to the global offshore energy industry. Services are offered across the full energy value chain, including topside services, offshore equipment solutions, temporary power, subsea services, and aviation support. Operations span over 65 countries, supporting key energy markets across six continents. Specialized solutions are delivered for offshore wind farms, with involvement in approximately 97 of global projects. Additionally, training programs are provided for the next generation of offshore professionals. The focus remains on operational excellence, sustainability, and delivery of integrated energy solutions.
OEG offers Offshore Equipment Solutions, Temporary Power Solutions, Subsea Services, and Helicopter Refuelling Systems.
OEG has made 3 acquisitions, including 23 Degrees Renewables, ONRG, and Pelagian.
OEG has 5 investors. Key investors include Goldman Sachs, NatWest, Citi, KKR, and Santander Bank.
OEG operates through Oeg.
Yes. OEG was acquired by KKR in July 2014.