4C Offshore is a leading consultancy and market research organization targeting the offshore energy markets. The company has specialized in providing market intelligence for the offshore wind industry and offshore electricity sector as well as consultancy services related to subsea cables. 4C Offshore is offering a broad suite of data, analytics and services for the offshore wind industry. With its digital platform, the company provides developers, operators, asset managers, equipment providers and construction companies with key data and insights for the development and operations of offshore wind farms. Among 4C Offshore’s customers are some of the most active players in the offshore wind industry. 4C Offshore provides data on more than 2,000 offshore wind projects. The company has recurring revenue streams from a diversified base of almost 350 clients, serving 2,200 users. In 2020, subscription payments for the company’s data services account for almost 80% of revenues.
TGS-NOPEC Geophysical Company ASA (“TGS”) has acquired 4C Offshore Ltd and 4C Offshore will become an integral part of TGS’ newly formed New Energy Solutions business unit. With the acquisition of 4C Offshore, TGS expects to be well positioned for the growth underway in the offshore wind segment.