Westwood buys RigLogix

Oil and gas industry intelligence group Westwood has acquired RigLogix, an offshore rig market data specialist, from DHI Group, Inc (NYSE: DHX).

Andrew Reid, CEO of Westwood Global Energy Group said on Wednesday: “With the acquisition of RigLogix we inherit a strong, global team and capability, which is highly complementary to the wider Westwood Group offering.”

RigLogix offers on-demand access to real-time data and analysis for the global offshore rig market, including data and analysis of the historical, current, and projected offshore rig fleets.

The financial value of the transaction was not disclosed.

“RigLogix is the sixth acquisition for Westwood and supports our strategic objective of creating a larger group of Upstream market intelligence products with real depth in niche markets,” said Reid. He added, “Our ambition to have embedded services with our clients is also secured and post-acquisition over 70% of Group revenue subscription based.”

Michael Durney, President and CEO of DHI Group, Inc., stated; “This is an exciting new venture for RigLogix which is a premium data services leader with an unmatched position in the oil and gas industry. The acquisition by Westwood Global Energy, who have a firm footing in the global energy market analytics space, will allow RigLogix to thrive, benefited by a new home that complements its comprehensive insights and innovative on-demand data.”

 

Share this article

Follow Offshore Energy Today

Events>

<< May 2019 >>
MTWTFSS
29 30 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31 1 2

08th OIL & GAS AFRICA 2019 CONFERENCE

OIL & GAS AFRICA is one of the most prime regional & international Oil and Gas conferences in East Africa…

read more >

FPSO Brazil Congress 2019

Charging ahead with 24 planned orders by 2022, Brazil has once again solidified its status as one of the world’s foremost oil and gas leaders…

read more >

OWI WA 2019

West Africa’s only dedicated Offshore Well Intervention Conference is returning for its second year…

read more >

OIL & GAS PHILIPPINES 2019

Oil & Gas Philippines event display products like Oil & gas, fire protection systems and materials…

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply