IHS Energy acquires Cambridge Energy Research Associates
Posted: 3 September 2004
Move creates global powerhouse for strategic energy insight and data analysis
IHS Energy, the leading global source of oil and gas information, analysis and software has acquired Cambridge Energy Research Associates (CERA), the leading strategic knowledge advisor to the world's energy industry and to financial institutions and governments.
“This combination creates a powerful new offering built upon our collective expertise and comprehensive global information resources, delivering significant value to our clients from the boardroom to the drill bit,” said Ron Mobed, president and COO of IHS Energy. “Together, IHS Energy and CERA provide a comprehensive global understanding of energy industry fundamentals, from foundational information and operational analysis to strategic direction setting and market insight. The combined organization delivers a depth and range of analytical capability for the worldwide energy industry that does not currently exist in the market today. Our customers have been asking for this capability and no one is better positioned to deliver it,” he said.
"Today's energy industry has dramatically expanded needs for analysis to meet the challenges of new competition, evolving markets, changing regulatory regimes and new technologies," said Daniel Yergin, chairman of CERA. "We have great respect for IHS Energy's global capabilities, its commitment to meeting the needs of the energy industry, and its core contribution to decision-making in the oil industry worldwide. By bringing IHS Energy and CERA together, we are creating a unique, independent, broadly based partnership that will enable companies to address their needs, opportunities and external challenges with the most timely, precise and actionable analysis and data available."
Yergin will become a member of the executive leadership of IHS Energy and will continue to serve as chairman of CERA, which will maintain its focus on delivering thought-leadership, strategic insights and analysis of market fundamentals for companies and organizations in the global oil, natural gas and electric power industries.
“CERA has built a unique leadership position in the world energy industry, from upstream E&P to downstream, electric power generation and financial services. We are committed to supporting and growing its distinctive mission,” said Mobed.
“The timing of this merger is based upon our common view of the needs ahead,” said Yergin. “The energy industry is undergoing a definitive shift based upon growing demand, the emergence of major new consuming countries, the need for new supplies, and environmental requirements, underlined by the fact that the world oil market is tighter today than it was at the beginning of the 1973 oil crisis. This new partnership of IHS Energy and CERA provides the capabilities to meet the growing knowledge requirements of the oil industry, the newly emerging global gas business, and the electric power industry.”
CERA is a leading advisor to energy companies, technology providers, financial institutions and governments, delivering strategic knowledge and independent analysis on energy markets, geopolitics, industry trends and strategy. CERA has offices in Beijing, Calgary, Alberta; Cambridge, Mass., Mexico City, Moscow, Oakland, Calif.; Paris, São Paolo, Brazil; and Washington.
For more information see www.cera.com
IHS Energy enables oil and gas companies, national oil companies, governments and service companies worldwide to create and maintain best-in-class decision-making processes by providing and integrating essential E&P information, intuitive software and consulting services. The company's team gathers and reports E&P information on more than 230 countries where energy resources exist. IHS Energy has offices in the major energy centers around the globe, and is a privately held, wholly owned subsidiary of IHS Group.
For more information see www.ihsenergy.com
Posted by Richard Price,
Information supplied by companies
or PR agencies who are responsible for content. Send press releases