Energy Software Intelligence Analytics (ESIA) has acquired UK-based upstream energy research firm Douglas-Westwood, which after the acquisition will be merged with Hannon Westwood, the Glasgow-based offshore specialist purchased by ESIA in October.
“The combination of the two businesses will enable the group to provide clients with a greatly increased range of products and services spanning the entire upstream, midstream and downstream oil & gas sectors,” said John Westwood, who founded Douglas-Westwood 25 years ago.
The Kent-based company conducts research on and strategic and commercial reviews of the oilfield services market, and has experience in both renewable and conventional energy.
Hannon Westwood delivers commercial and technical intelligence to the upstream oil and gas industry, spanning exploration and appraisal, field production, export options, fiscal studies and corporate acquisitions.
ESIA has acquired four companies since it was formed in January this year. Its chairman Gavin Prise said of its latest acquisition: “Through Hannon Westwood, Novas and Richmond Energy Partners we have a deep and expanding expertise in the exploration & production space. Following this latest acquisition, we are now able to offer market intelligence solutions across the full supply chain and provide access to the exceptional team of internationally experienced individuals within Douglas-Westwood.”