OEG Offshore merger with Paragon

OEG Offshore, a leading global provider of cargo carrying units (CCUs) and A60 modules to the oil and gas industry, announced a merger of its U.S. business with Louisiana-based cargo unit and logistics specialist Paragon Industries Inc. The multi-million dollar merger confirms the combined OEG business as a leading offshore container supplier for the Gulf of Mexico. The deal expands OEG’s U.S. fleet by more than 1,400 units and includes a number of new container designs; and extending OEG’s current Gulf Coast presence to a number of new full service locations. All of Paragon’s staff will join with OEG. Founded in 1987, Paragon has serviced the Gulf Coast’s day-to-day cargo movements between land and sea from its principal facility in Morgan City, La., and stocking yards covering the entire Gulf Coast from Texas to Alabama. (Source: OEG 05/01/17) Gulf Coast Note: The merger is an on-going expansion of the OEG’s American cargo carrying market, and is capable of offering its wide range of combined products and services to deep-water and shelf customers from locations in Fourchon, Cameron, Morgan City, Venice, and Broussard, La., and Houston.