ESIA re-launches as Westwood Global Energy Group in bid to
take significant share of energy research market
- Westwood Global Energy Group combines the complementary expertise of influential research and consulting firms, Hannon Westwood, Richmond Energy Partners, Douglas Westwood, Novas Consulting and JSI Services.
- They will be re-organised into two new divisions – Westwood Research and Westwood Consulting.
- The re-launched group now offers a powerful combination of global reach, proprietary data and in-depth expertise gained from advising the world’s leading oil and gas organisations
- The new brand strengthens the Group’s position as a leading player in the business intelligence and market analytics space for the global energy industry.
(Aberdeen, UK) – 16th March 2017 – ESIA (Energy Software Intelligence Analytics Ltd), the private equity-backed group of energy research, analysis and consulting companies, today announces a new name and new structure as Westwood Global Energy Group.
The new brand unifies the activities of five respected companies under a single brand – namely Hannon Westwood, Novas Consulting, Richmond Energy Partners, Douglas Westwood and JSI Services.
Through independent research and deep industry expertise, the combined group offers research, analysis and consultancy for the global oil and gas industry with a focus on Market Intelligence and E&A benchmarking and insight. It helps clients make informed commercial and strategic decisions through a combination of proprietary databases, analysis and insight.
The combined group has more than 600 clients across the globe, including the world’s top 10 Oil & Gas companies, the top-10 Oilfield Services Companies, the top-10 Investment Banks and the top-10 Private Equity Firms.
Following an integration process, the group’s businesses are now organised into two new divisions – Westwood Research and Westwood Consulting. Keith Myers, previously CEO of Richmond Energy Partners, will head up Westwood Research while Andrew Reid, previously CEO of Douglas Westwood, will lead Westwood Consulting. Both report into Gavin Prise, Chairman.
Gavin Prise, Chairman, comments, “This is an exciting moment for the group. It is our intention that Westwood Global Energy becomes recognised as a highly-valued provider of research and insight across both the E&P and Oilfield Services Sectors. We offer a growing range of subscription services and research-based consultancy which is helping shape industry thinking and decision-making. Under a single and distinctive brand, we will be able to offer more while maintaining the depth and quality that our legacy stands for. We look forward to this next industry cycle with enthusiasm and anticipation.”
Keith Myers, President, Westwood Research, comments: “The integrated group will deliver huge benefits to our customers. Significantly greater scale will enable us to offer a seamless experience and market analysis globally. Most importantly, our individual databases will become one, providing a fully integrated view throughout the Upstream Energy Market from the E&P operators, infrastructure providers to the supply chain. With the integration announced today, we will be able to provide even greater depth of insight and analysis across all of our services.”
Andrew Reid, President, Westwood Consulting, added: “Over the last 25 years and through thousands of projects, we have built significant capability delivering commercial and technical consulting services across the global energy sector. Research-led, all our experienced consultants have significant sector expertise and use our proprietary databases and market reach to provide evidence-based analysis to underpin their advice.”
Westwood Global Energy Group is headquartered in Aberdeen with offices in London, Houston and Singapore and has over 60 employees.
To learn more, please visit the group’s new website: www.westwoodenergy.com.
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Notes to Editors
About Westwood Global Energy Group
Westwood Global Energy Group is a leading provider of market research and consulting services for the global energy industry. Its independent insight through research-led consulting, data analysis and subscription services helps clients in the oil and gas sector make better commercial and strategic decisions.
Westwood Global Energy Group (formerly named Energy Software Intelligence Analytics) was formed in January 2015 by Energy Ventures, an energy specialist private equity firm with a vision to build a leading player in the business intelligence and market analytics space. Following an active period of acquisitions in 2015 the group has acquired the operations of Hannon Westwood, Novas Consulting, Richmond Energy Partners, and Douglas Westwood. With these acquired companies the group has assembled a unique market position in the Upstream E&P market covering both the operator and the supply chain perspectives. The company has more than 600 customers, including many of the world’s largest organisations as well as regional players and investors. To learn more, please visit www.westwoodenergy.com.
Westwood Global Energy Group headquartered in Aberdeen and has offices in London, Houston and Singapore.
About Energy Ventures
Energy Ventures is an independent private equity firm actively seeking early to mid-stage growth investments in companies that deliver a marketable, proprietary product or service with potential in the upstream oil and gas sector. Since 2002 Energy Ventures have seen more than 4,000 deals, made forty-four investments and successfully exited twenty-two companies. Energy Ventures currently manages four funds with a total committed capital of $775 million and is dedicated to overseeing these funds with integrity and best-in-class corporate governance standards.
Headquartered in Stavanger, Norway with offices in Houston, TX and Aberdeen, Scotland, Energy Ventures is located at the heart of the energy industry and where technology innovations thrive.