Wood Mackenzie
| Limited | |
| Industry | Energy, metals and mining, chemicals, renewables Research & Consulting |
| Founded | 1973 |
| Headquarters | Edinburgh, United Kingdom |
|
Key people
|
Neal Anderson, President |
| Owner | Verisk Analytics, Inc |
| Website | www.woodmac.com |
Wood Mackenzie is a global energy, chemicals, renewables, metals and mining, research and consultancy group with an international reputation for supplying comprehensive data, written analysis and consultancy advice. 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.
It is based in Edinburgh Scotland, though it has over 25 offices worldwide. The company's energy business was founded in 1973, when they started reviewing the North Sea oilfields. Between 2007 and 2014, Wood Mackenzie has acquired coal specialists Hill & Associates in the US; Barlow Jonker in Australia; and Brook Hunt, the UK-based metals analysts.
Since 2015 a host of companies have become part of Wood Mackenzie including PSG, a petroleum database service; PCI, the specialist chemicals analysis group; and Greentech Media [2].
The company was sold in 1987 to County Natwest by Trustee Savings Bank. 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". In a report from the company in 2005 it was discovered that Bangladesh will fail to meet natural gas demands by 2023. 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.
In 2012, Hellman & Friedman acquired Wood Mackenzie from Charterhouse Capital Partners.
Detailed History:
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
...
Wikipedia