Save to read list Published by Nicholas Woodroof, Assistant Editor Oilfield Technology, Monday, 14 October 2019 14:00 Wood Mackenzie's history from 1923 to today. Wood Mackenzie Acquired by Hellman & Friedman. SABIC acquisition to allow global reach for Saudi Aramco: Wood Mackenzie. Wood Mackenzie, also known as WoodMac is a global energy, chemicals, renewables, metals and mining research and consultancy group supplying data, written analysis and consultancy advice. Wood Mackenzie, also known as WoodMac is a global[1] energy, chemicals, renewables, metals and mining research and consultancy group[2][3] supplying data, written analysis and consultancy advice. Genscape will become part of Edinburgh-based Wood Mackenzie and will enhance Wood Mackenzie’s existing sector […] Enabling a faster, more scalable, and more satisfying future for Wood Mackenzie and its customers. Enable javascript in your browser for better experience. Based on 1 salaries posted anonymously by Wood Mackenzie Director Of Engineering employees in Edinburgh. JERSEY CITY, New Jersey– Verisk Analytics Inc. has completed the acquisition of Wood Mackenzie Ltd.The purchase price was £1.85 billion ($2.8 billion). ... IOCs eye $12 billion worth of mergers and acquisition deals in the Asia Pacific region. Wood Mackenzie hat 1.191 Konkurrenten, einschließlich NetXP (Frankreich), S. Point (China) und McKinsey & Company (USA). Wood Mackenzie and ThoughtWorks continue to work together closely - bringing new products and capabilities to life, and helping the Lens platform deliver exactly what today’s energy and natural resources decision-makers demand. Laying a foundation for digital product success. This is an increase of 182% from … [11] In a report from the company in 2005 it was discovered that Bangladesh will fail to meet natural gas demands by 2023. The acquisition establishes Verisk as a trusted data analytics provider at the center of the global energy market, similar to its position in the property/casualty insurance industry. As market forces shift, major players are expanding their investments in renewables, and building more complex and diverse energy and natural resource asset portfolios than ever before. Solar accounted for 40% of all new electricity generating capacity added in the U.S. in Q1 2020, similar to the share of new capacity added in 2019. ThoughtWorks is working closely alongside Wood Mackenzie’s own teams to create the foundational capabilities needed to support this major extension to Lens. Products and Services. [5], It is based in Edinburgh, Scotland, though it has over 25 offices worldwide. For the company’s teams and analysts, the platform is making it faster and simpler to examine huge data sets, extract valuable insights, and ask and model complex questions about the changing energy and natural resources industry. For the delivery teams and developers working behind the scenes, this flexible foundation is helping them reduce risk, resolve errors and issues faster, and create truly innovative solutions that will help the company stay ahead of market changes. For decades, the company has provided companies and investors with the intelligence and insights they need to make informed acquisition, divestment, and trade decisions in the fast-moving natural resources industry. Online Dictionaries: Definition of Options|Tips Options|Tips 28/03/2019 Argaam. This is an increase of 182% from … Very lengthy and at times spaced between phone interviews, face to face presentation, further one to one calls, etc. It wanted to: Achieving all of those goals demanded specialist transformation support and digital platform expertise. Solar Market Insight TM report shows the major trends in the U.S. solar industry. Forgot password? Namor the Sub-Mariner (/ ˈ n eɪ m ɔːr /) (Namor McKenzie) is a fictional character appearing in American comic books published by Marvel Comics.Debuting in early 1939, the character was created by writer-artist Bill Everett for comic book packager Funnies Inc. All investments, including stocks, funds, ETFs, or cryptocurrencies, are speculative and involve substantial risk of loss. Wood Mackenzie steht im Eigentum von Verisk Analytics. This enables investors and companies to view assets by geographical location or owner, making it invaluable to those interested in selling, acquiring, or trading oil and gas assets in that geography. Wood Mackenzie auf LinkedIn, Twitter & YouTube. Wood Mackenzie comments on Santos's acquisition of ConocoPhillips' Australia assets. Austin Perea, Wood Mackenzie Senior Research Analyst, added: “Sunrun’s acquisition of Vivint Solar will nearly double its market share and represents the largest consolidation in residential solar history. Together, we began building on Wood Mackenzie’s prior efforts for a flexible, platform-based product delivery approach, while enabling their teams to independently develop and release products in a more flexible manner. Wood Mackenzie estimates around $12bn worth of upstream assets are for sale in Asia Pacific. Within this scope, the ThoughtWorks team was initially engaged to assist with the creation of a flagship new Lens product, for valuing unconventional oil & gas production assets (known as ‘Unconventional Valuations’). In 2015, the company was acquired by Verisk Analytics, an American data analytics and risk assessment firm, in a deal valued at $2.8 billion.. These efficiencies will become increasingly important in a cost-competitive industry. Together, Wood Mackenzie and ThoughtWorks have laid the technological and cultural foundation for a smarter, more scalable future for Wood Mackenzie, its analysts, and the customers it serves. Wood Mackenzie estimates the industry will need to commission 8 million ounces or 262 tonnes of projects by 2025 to maintain 2019 production levels. In its earliest stages, the Lens platform focused on products for the oil and gas industry. Keep me signed in. 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Need to know to enable it? Get an overview of major world indexes, current values and stock market data. Acquisition will extend Verisk’s expertise in commodities intelligence as part of its Wood Mackenzie business Email Print Friendly Share August 26, 2019 06:41 ET | Source: Verisk Analytics, Inc. Our services address the challenges faced by individuals, companies, and public authorities in the maritime sector, whether they are acting on a local or global scale. Together, Wood Mackenzie and ThoughtWorks have laid the technological and cultural foundation for a smarter, more scalable future for Wood Mackenzie, its analysts, and the customers it serves. Forward Looking Statements, Safe Harbor & Non-GAAP Financial Measures Forward-Looking Statements This presentation contains forward-looking statements. Wood Mackenzie, an oil, gas and renewables research firm, is closing down the Greentech Media renewable news portion of its business in mid-March, according to former employees familiar with the matter.. Venture-funded Greentech Media, a cleantech news, analysis and events business, was acquired by Wood Mackenzie for approximately $40 million in 2016. 1923. Genscape will enhance Wood Mackenzie’s existing short-term energy sector intelligence with its real-time data, analytical insights and software tools. Updated world stock indexes. Solar Market Insight Report.Released June 11, 2020. Hardware cost declines have continued to be a precursor for growth. The quarterly SEIA/Wood Mackenzie Power & Renewables U.S. Wood Mackenzie is a research and consultancy business for the energy, chemicals, metals, and mining industries. An issue in one product could hold up the entire platform, slowing down releases by up to four weeks. Now, Wood Mackenzie’s Continuous Delivery approach ensures that all delivery teams can now deploy independently of each other, enabling faster product deployments multiple times a day at a lower cost across the Lens platform. Don't have sign-in details? In the near-term, Sunrun will realize millions of dollars in vital cost synergies that accompany scale. The Company’s most targeted sectors include business services (100%).. Join Mergr and gain access to Wood Mackenzie’s M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the information services sector. According to Wood Mackenzie and the U.S. Energy Storage Association’s (ESA) latest ‘US Energy Storage Monitor’ report, 2,156 megawatt-hours (MWh) of new energy storage systems were brought online in Q4 2020. Even more importantly, the project led Wood Mackenzie to embrace Continuous Integration / Continuous Delivery approaches, after identifying this as a hurdle issue early on during development. This equates to roughly 44 projects. By bringing its data together through Lens, the Wood Mackenzie team would also be able to more easily combine data sets in new ways, enabling customers and internal analysts to ask new questions, and significantly accelerate new product development. Wood Mackenzie acquired Greentech Media in 2016 and in 2019 integrated the GTM research practice into our ever-expanding Power and Renewables research team. [10] In a 2003 report the company claimed that 25 of the largest oil companies had "destroyed value in 50 of the 80 countries they have invested in over the past six years". This ensured that the company could make frequent changes to multiple products simultaneously, as often as required, while still offering them through their single, consistent platform foundation – named the Lens platform – without bottlenecks. Our History. This product, however, will support calculations at an even greater scale. With competitors already offering digital alternatives in the Unconventional Valuations market, rapid development and deployment were key to gaining market share, while ensuring wider customer subscriptions to Wood Mackenzie services and safeguarding Wood Mackenzie’s reputation for excellence. According to Wood Mackenzie and the U.S. Energy Storage Association’s (ESA) latest ‘US Energy Storage Monitor’ report, 2,156 megawatt-hours (MWh) of new energy storage systems were brought online in Q4 2020. Interview. 2/5/2015 2/6/2015 2006 3206 8/1/2007 12/6/2007 1801.8135 1893.4955 12/17/2007 7/13/2008 2/22/2013 0.99. This followed by 3 one-to-one face-to-face interviews and a series of phone conversations with other members of their team. Aluminium Research Suite ... by understanding market trends and the long-term pricing outlook with our comprehensive Zinc Research Suite at Wood Mackenzie. Divestment of Life Sciences division, 2008: Creation of metals team via acquisition of Brook Hunt, 2009: Refinancing deal, involving Charterhouse Capital Partners acquiring the majority equity stake in the business through the exit of Candover, 2010: Acquisition of PetroPlan Refinery Model, 2012: Refinancing deal, involving Hellman & Friedman acquiring majority shareholding whilst Charterhouse Capital Partners retained a minority stake. The company provides objective analysis and advice on assets, companies, and markets, giving clients the insight they need to make better strategic decisions. Wood Mackenzie has acquired the business operations of Oil Price Assessments Limited (OPAL), from listed specialist publisher and information services group Metal Bulletin PLC. The company was sold in 1987 to County Natwest by Trustee Savings Bank. Wood Mackenzie senior analyst, Rishab Shrestha, said: “Australia does not have a federal long-term national power mix target like many other countries. The team quickly identified this as something that could threaten the speed and flexibility of the Lens platform. Wood Mackenzie outlined four main goals for its digital transformation. Register as a new user. 1973. I interviewed at Wood Mackenzie (London, England) in Mar 2018. Replicating success across products and domains. The Unconventional Valuations product calculates the financial value—both net present values and cash flow—of oil and gas assets in the mainland states of the USA. The successful development of the Unconventional Valuations product was very valuable to the Wood Mackenzie team, supporting growth in customer subscriptions in an exceptionally challenging Covid-19 year. In order to continue to provide customers with the most valuable data and insights, Wood Mackenzie has been going through a major digital transformation programme to keep it at the forefront of the industry it serves. Today, that industry is going through a period of fundamental transformation. Only RFID Journal provides you with the latest insights into what's happening with the technology and standards and inside the operations of leading early adopters across all industries and around the world. Together, Wood Mackenzie and ThoughtWorks have laid the technological and cultural foundation for a smarter, more scalable future for Wood Mackenzie, its analysts, and the customers it serves. [4] In 2015, the company was acquired by Verisk Analytics, an American data analytics and risk assessment firm, in a deal valued at $2.8 billion. Wood Mackenzie is a global leader in data analytics and commercial intelligence for the energy, chemicals, metals and mining verticals. Wood Mackenzie, also known as WoodMac is a global [1] energy, chemicals, renewables, metals and mining research and consultancy group [2] [3] with an international reputation for supplying comprehensive data, written analysis and consultancy advice. Genscape is a Wood Mackenzie Business and is wholly owned by Verisk Analytics On November 5, 2019, Genscape became part of Wood Mackenzie, a Verisk business, through a Verisk acquisition. definition of - senses, usage, synonyms, thesaurus. Verisk, the data analytics provider that bought Wood Mackenzie four years ago for £1.85 billon has acquire Genscape, a global provider of real-time data and intelligence for commodity and energy markets from DMGT (Daily Mail and General Trust for £300m. Wood Mackenzie leverages predictive models and robust proprietary data gathered over the past century to describe and value assets, forecast their future productivity and value, and provide clients with trusted strategic advice. It was founded in 1973 and headquartered in Edinburgh, Edinburgh, City of, Sign In. The RET scheme, alongside government funding, have led to the renewables boom over the last few years. During the initial trial process for the new product, 12 external clients signed up as development partners—providing vital input that would shape the product and help guide development of future Lens platform products. Offshore staff. 1. Wood Mackenzie reports there are 15 fields on OML 17, of which six are producing. Wood Mackenzie Power and Renewables partners with Clean Power Research to acquire project-level datasets from participating utilities that utilize the PowerClerk product platform. Wood Mackenzie expects many developers to participate through partnerships, leveraging combined strengths. Wood Mackenzie is a global leader in data analytics and commercial intelligence for the energy, chemicals, metals and mining verticals. Much like the Unconventional Valuations product, these calculations can be done at a single asset level, across selected geographical areas, by company ownership, or any combination of those criteria. Trouble signing in? Troubled Candover agreed to sell energy research firm Wood Mackenzie to rival Charterhouse for an enterprise value of 553 million pounds ($905 million), in … Acquisition of PCI will create an industry-leading chemicals business at Verisk’s Wood Mackenzie JERSEY CITY, N.J., November 20, 2015 — Verisk Analytics, Inc. (Nasdaq:VRSK) today announced the acquisition of The PCI Group (“PCI”), a leading consortium of five specialist companies that offer integrated data and subscriptions research in the chemicals, fibers, films, and plastics sectors. But, the project also helped the team evolve their practices and architecture to benefit the Lens platform as a whole. Following the success of the Unconventional Valuations project, ThoughtWorks and Wood Mackenzie have embarked on more projects together within and surrounding the Lens platform, including: Currently, one important focus area is enhancing its global Asset Valuation product—which allows users to find, investigate and ultimately calculate a value for any oil and gas asset globally—by bringing in energy transition and renewables data and further developing a portfolio analysis tool within Lens. Key Figures. EDINBURGH, Scotland and LONDON, U.K. Wood Mackenzie has today announced that a recapitalisation transaction has been signed with Hellman & Friedman (H&F), a leading, global private equity firm, for a majority stake in Wood Mackenzie. 1920. [12], 1973: North Sea Service, Wood Mackenzie's first industry research offering, was launched, 1986: Wood Mackenzie purchased by Hill Samuel, the UK merchant bank, with successive ownership by NatWest and Bankers Trust, 1999: Bankers Trust (including Wood Mackenzie) purchased by Deutsche Bank, 2001: Management and employee buy-out from Deutsche Bank backed by the Bank of Scotland, 2005: Refinancing deal, involving Candover Partners acquiring equity through the exit of Bank of Scotland, 2007: Creation of coal team via acquisitions of Hill & Associates and Barlow Jonker. Pro forma for acquisition debt and as of March 31, 2015, Verisk Analytics had total debt, both short term and long term of $3.3 billion and pro forma leverage of 3.4x debt/EBITDA. Wood Mackenzie auf Wikipedia, Google News & Yahoo Finance. New ownership. Today, Wood Mackenzie largely operates on a serverless infrastructure, delivering and managing all of its new products from within highly scalable and future-ready AWS environments. Macroaxis is not a registered investment advisor or broker/dealer. VAKT Building the world's first enterprise-level blockchain platform, openCEM Australia's first free, open-source energy modelling tool helps plan for a renewable future, Fresh Energy Energy provision from a new perspective using digital services, Creating a scalable foundation for energy and natural resources intelligence, Bring its diverse digital products and services together under a unified customer experience and modern digital platform (Wood Mackenzie Lens®), Accelerate new product delivery and improve responsiveness to customer demands and industry shifts with a lean, agile, value-focused delivery culture, Improve scalability and ensure ability to handle the immense volumes of data being created across traditional energy and new renewable domains, Create a standardized foundation for all data and services to further enhance consistency and quality across data sets, The creation of a common API gateway for all APIs across the Lens platform to simplify and improve monitoring, performance, and security, Improving data discovery across complex data sets and ensuring consistency of valuations and insights generated from the vast volumes of data managed by Wood Mackenzie, An ambitious project which will enable customers and Wood Mackenzie analysts to save, share, update, and collaborate on valuations and insights created within the Lens platform. Acquisition of Wood Mackenzie. Wood Mackenzie had previously run into difficulties developing this as a new platform-ready product, so success was critical. Vesseltracker.com, A Wood Mackenzie Business | 1.969 Follower auf LinkedIn The world's #1 professional AIS provider | Vesseltracker.com is the world's #1 professional AIS provider. Wood Mackenzie leverages predictive models and robust proprietary data gathered over the past century to describe and value assets, forecast their future productivity and value, and provide clients with trusted strategic advice. Since 2015 a host of companies have become part of Wood Mackenzie including PSG, a petroleum database service; PCI, the specialist chemicals analysis group; Greentech Media, providing analysis of the solar market [9] and MAKE, providing analysis of global wind power. Vice President of Product Operations, Wood Mackenzie, Supporting a new approach while embedding new ways of working. Need help signing in? Media and analyst relations | Privacy policy | Modern Slavery statement ThoughtWorks| Accessibility | © 2021 ThoughtWorks, Inc. Per the company, changing policy frameworks and long lead times have subdued offshore wind build-out in the past four years outside of China. With an almost 100-year history, Wood Mackenzie is one of the world’s longest-running and best-known providers of data, research, and consulting services in the energy and natural resources sector. 1970. Stream Asia Pacific Energy Brief, a playlist by Wood Mackenzie from desktop or your mobile device. Verisk Analytics, a data analytics provider, has signed a definitive agreement to acquire Wood Mackenzie from Hellman & Friedman. The deal places an enterprise value on the business of £1.1bn. Verisk Analytics, Inc., a leading data analytics provider, has announced it has signed a definitive agreement to acquire Wood Mackenzie from Hellman & Friedman and other Wood Mackenzie shareholders. Acquisition. The interconnected nature of the platform meant multiple teams needed to coordinate closely for any release. Wood Mackenzie has acquired 1 company of its own, including 1 in the last 5 years.. Resend activation email. [14], 2015: Acquisition of Deloitte's Petroleum Services Group (PSG), a specialised oil and gas information business including a database of Exploration & Production (E&P) information, 2015: Acquisition of Wood Mackenzie by Verisk Analytics, 2015: Acquisition of Infield Systems, an independent provider of business intelligence, analysis, and research to the oil, gas, and associated marine industries, 2015: Acquisition of PCI Chemicals, a chemicals business that offers integrated data and subscriptions research in the chemicals, fibers, films, and plastics sectors[15], 2016: Acquisition of Greentech Media, an information services provider for the electricity and renewables sector, 2017: Acquisition of MAKE providing knowledge of the global onshore and offshore wind power market[16], "Verisk Analytics to Buy Wood Mackenzie for $2.8 Billion; Acquisition of energy consultancy boosts U.S. company’s international exposure", "Green Technology | Clean Tech & Renewable Energy News", "Oilsands projects would take $26B hit if royalties hiked, consultant says", "Verisk Analytics, Inc., Acquires The PCI Group", "Verisk Analytics Acquires MAKE to Add Deep Wind Expertise to Wood Mackenzie and GTM", https://en.wikipedia.org/w/index.php?title=Wood_Mackenzie&oldid=988693347, Research and analysis firms of the United Kingdom, Creative Commons Attribution-ShareAlike License, Energy, metals and mining, chemicals, renewables, This page was last edited on 14 November 2020, at 18:32. The first Wood Mackenzie oil report is published. Wood Mackenzie Investments & Acquisitions (3) Company Name Deal Date Deal Type Deal Size Industry Lead Partner; 00000000: 05-Nov-2019: 000000000000000000: 00000: Other Energy Services: 0000 00000000: 00000 0000 & 00000: 11-Aug-2008: 0000000000: 00000: Consulting Services (B2B) Hill & Associates (Maryland) 01-Apr-2007 : Buyout/LBO: Consulting Services (B2B) To view Wood Mackenzie… Average salary for Wood Mackenzie Director Of Engineering in Edinburgh: £80,662. 2/6/2015 2/6/2015 8/1/2007 12/6/2007 1118.34509 1171.50109 [3] In 2007 a report from the company on the Alberta oil sands said "higher royalties will have the biggest impact on high-cost, low-margin projects" this sparked what has been described as a "furious debate" within the oil industry. The ThoughtWorks team delivered the first working software to production in just four weeks, and had an initial MVP ready for internal usage, product testing and customer feedback in just three months—helping Wood Mackenzie get to market quickly, and make up for lost time. The company's energy business was founded in 1973, when it started reviewing the North Sea oilfields. Today, Wood Mackenzie largely operates on a serverless infrastructure, delivering and managing all of its new products from within highly scalable and future-ready AWS environments. So, they engaged ThoughtWorks to help. Between 2007 and 2014, Wood Mackenzie acquired coal specialists Hill & Associates in the US, Barlow Jonker in Australia, and Brook Hunt, the UK-based metals analysts.[6][7][8]. With an almost 100-year history, Wood Mackenzie is one of the world’s longest-running and best-known providers of data, research, and consulting services in the energy and natural resources sector. You can also look for acquisition opportunities, benchmark operations and improve your business planning. The operator exports oil via the Trans-Niger Pipeline to Shell’s Bonny terminal. [4] In 2015, the company was acquired by Verisk Analytics, an American data analytics and risk assessment firm, in a deal valued at $2.8 billion. Learn more about the U.S.
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