Quest Offshore Resources Inc. sold its data and subscriptions business to data analytics provider Verisk Analytics Inc., Quest said Aug. 29.
The data and subscriptions business will become part of Wood Mackenzie, a Verisk Analytics business, complementing Wood Mackenzie’s existing upstream analysis expertise.
“Through this acquisition, our upstream oil and gas clients will be able to make better investment decisions through access to a unique understanding of availability, capability and price in key offshore equipment and service markets,” Neal Anderson, president of Wood Mackenzie, said.
Quest Offshore will continue focusing on the energy markets through its consulting and conference divisions, both of which will be retained by Quest Offshore.
Quest Consulting will continue providing energy strategy and management consulting, and will expand Quest Offshore’s strategic due diligence services related to M&A for financial clients, particularly U.S. private equity.
Quest Offshore Resources Inc. is based in Sugar Land, Texas.
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