Westwood: High Impact exploration average discovery size declines and finding costs increase for the fifth consecutive year
High impact exploration has seen average discovery sizes decline year on year from nearly 500mmboe…
About Us
We are home to some of the most respected solutions in energy market research and intelligence. We provide the actionable insight that businesses, industry bodies and investors need to answer their strategic, technical and commercial questions – time and time again.
We provide subscription-based data services, bespoke reporting, and commercial advice to clients in upstream operations, onshore energy services, including North American unconventionals, and offshore energy services. Independent, flexible and adaptable, we are committed to excellence in our data and analysis and turning energy market research into easily-integrated, workflow-ready insights. That’s why we are trusted advisors to forward-thinking clients around the world.
Our Approach
We choose to focus on areas of the industry traditionally underserved by other players. We dig deeper, reach further, and join up data in new ways to create instantly actionable insights. And because we have the size, scale and creativity to adapt to changing conditions, we can offer the right solutions without ever compromising on quality.
Our values
As trusted providers of energy market intelligence, the importance of independence, credibility and reliability is key. Our quality of data is the primary driver of value to clients, but we understand the need to remain relevant in the changing energy landscape and our adaptability allows Westwood to do this. By focusing on areas where we add real value, we opt for depth of insight over breadth of coverage. We remain flexible and adaptable to the needs of our clients.
“From our people and our analysis, to our data and our techniques, quality, relevance and value are the threads running through every aspect of our business.”
Dominic FerryChief Executive Officer
Our history
As a group, we draw on an extensive legacy of serving clients in the energy sector.
1990
Douglas Westwood formed and becomes the first company to provide oilfield services market forecasts for subsea activity.
1993
Hannon Westwood founded and releases its first detailed technical well report for Northwest Europe.
2006
Richmond Energy launches the Wildcat database and suite of analytical tools for global exploration and appraisal.
2015
EV Private Equity, an energy specialist private equity firm, acquires legacy brands to form Westwood Global Energy Group.
2016
Our teams grow significantly and align through building a common ethos to add value to our clients’ businesses.
2017
Westwood Global Energy Group acquires Energent Group Software LLC and immediately expands its coverage of the North American unconventional hydraulic fracturing market.
2018
RigLogix, the highly-respected offshore rig data platform since 2004, is acquired to further extend Westwood Global Energy Group’s offshore data and analysis solutions.
2019
Westwood Global Energy Group launches a series of unique online intelligence platforms covering global oilfield services, global exploration and appraisal, and new hub commercial analytics for Northwest Europe E&P.
2020
In an unprecedented year, we proudly adapted to change and supported energy businesses with a series of 25 complimentary technical and commercial webinars, whilst also commencing development on a range of Energy Transition solutions.
Our people
In our business, people make the difference.
From subscription research and bespoke publications, to unique consultancy projects, we can insist on the same high standards every single time because of the quality, experience and knowledge of our people.
