HOUSTON, September 1, 2004 — IHS Energy, the global source of oil and gas information, analysis and software announced today it has acquired Cambridge Energy Research Associates (CERA), the preeminent strategic knowledge advisor to the world’s energy industry and to financial institutions and governments.
“This powerful combination will create a depth and range of analytical capability that does not currently exist,” said Ron Mobed, president and COO of IHS Energy. “Together, IHS Energy and CERA will build upon our global expertise and resources to provide comprehensive advisory services to the energy industry – from global information and operations support, to market insight and strategy.”
“Today’s energy industry faces challenges in new competition, evolving markets, changing regulatory regimes and new technologies,” said Daniel Yergin, chairman of CERA. “We see 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. By bringing IHS Energy and CERA together, we are creating a unique, independent, broadly based partnership that will enable companies to address these 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 across the entire energy spectrum, and we are committed to supporting and enhancing its distinctive mission,” said Mobed. “IHS Energy and CERA together form the largest, most geographically complete, and most intellectually strong partnership under one umbrella. We are proud to be joining forces, and look forward to making an even greater contribution to the growth and productivity of the energy industry worldwide.”
“The timing of this merger is based upon our common view of the needs ahead,” said Yergin. “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. 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, the electric power industry and the financial community.”
CERA (www.cera.com) 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; Cambridge, Mass., Mexico City, Moscow, Oakland, Calif.; Paris, Sàƒ£o Paolo; and Washington DC.
IHS Energy (www.ihsenergy.com) 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 wholly owned subsidiary of IHS Group, a privately held company.