Douglas-Westwood launches oil and gas consulting practice in HoustonCompany News // August 28, 2012
International energy business advisor Douglas-Westwood has opened a new office in Houston and appointed R Michael Haney to lead its team.
Located at Two Allen Center in Houston’s central business district, the new facility forms a core part of the company’s growth strategy and will manage the Douglas-Westwood group’s Advisory and Research business in the world’s energy capital as well as across the Latin America region.
Mr Haney has more than a dozen years’ experience consulting for energy clients with Accenture, Arthur D Little and Booz Allen Hamilton. He has completed consulting projects for most of the supermajor international oil companies, many of the world’s national oil companies and several oilfield service clients.
He also worked in industry and investment banking and he co-founded and later sold a software technology startup.
Andrew Reid, Group CEO commented “Houston is an important market for our services and is core to our continued internationalization, building on the investment in expanding our North American, European and Asian footprint in previous years.
"We already serve a large number of energy clients in the Houston area and throughout the US Gulf Coast region, and we anticipate a growing appetite for our leading Research and Advisory offerings in North America and throughout Latin America.”
Over the past 22 years Douglas-Westwood has been focusing its investment in fundamentals research in the energy sector and building the breadth of its offering.
At inception the research-based consultancy initially targeted the subsea industry but has developed leading insight into seismic, drilling, construction, offshore vessel and operational markets both off and onshore.
DW is best known for research-based products, however, over 70 per cent of the group’s revenues are generated from bespoke consulting to aid financial, government and corporate clients in strategic decision making from a market and commercial perspective.
Mr Reid added “We are delighted to announce the appointment of R Michael Haney, who has joined the firm as Director and is based in Houston. He has considerable experience across the energy value chain. He has longstanding contacts and relationships in the sector and he understands the key issues and challenges faced by today’s energy industry.”