Oaktree to invest in OEG Offshore.

Oaktree, a private equity firm, agreed to invest in OEG Offshore, a provider of a range of support services to the offshore energy industry across marine logistics. Financial terms were not disclosed. "This partnership marks a new chapter for OEG and signals the group's commitment to expanding its business and global reach, while entering new and exciting markets. We will continue to provide the same first-class service to our valued clients as we build and enhance our integrated offering, resulting in increased efficiencies for customers. With Oaktree's support we will continue to invest in research and development to strengthen our offering, organically and through acquisitions. As a UK-headquartered business with global operations, this announcement underscores our commitment to the energy transition in creating a cleaner, greener future," John Heiton, OEG Offshore CEO.