Wood Mackenzie and Ball Corporation announce satellite data
EDINBURGH / LONDON / WESTMINSTER, Colorado, November 11, 2021 (GLOBE NEWSWIRE) – Wood Mackenzie, Inc. a Verisk Company (NASDAQ: VRSK), and Ball company (NYSE: BLL) announced today that it has signed an agreement between the two organizations to accelerate the development of advanced analytics for energy markets.
Collaboration will bring together data from the world’s largest private network of field monitors – owned by Wood Mackenzie – with analysis of satellite data from Ball Aerospace, a Ball Corporation company, to provide customers with a near real-time view natural resources. sector.
Devin Geoghegan, Vice President of Innovation and Head of Wood Mackenzie’s Innovation and Analysis Lab, said: âThe combination of Ball’s geospatial capabilities and Wood Mackenzie’s deep energy expertise will provide our customers with near real-time satellite data analyzes. Our respective clients increasingly expect and demand access to higher frequency data, which allows them to monitor daily developments that affect the short and medium term outlook for commodity markets. In partnership with Ball, we plan to develop a suite of industry-leading data sets and analytics products that will deliver significant additional value to clients.
Steve Smith, Vice President and General Manager, Systems Engineering Solutions, Ball Aerospace said, âSatellite data analysis and domain knowledge have traditionally been separated in our industry. This collaboration with the Wood Mackenzie team offers an opportunity to extend our expertise in remote sensing and data analysis to new applications. We are excited about the potential benefits for our customers.
With over 60 years of experience in remote sensing, data processing and intelligence, Ball Aerospace has spent the past eight years using advanced satellite data analysis and intelligence capabilities to monitor physical global activity. in the natural resources sector through Ball’s business analysis. Business.
Wood Mackenzie operates the world’s largest private network of field monitors and distributes industry-leading alternative energy data, providing market intelligence across the commodity and energy spectrum. , including electricity, petroleum, natural gas, natural gas liquids, agriculture, biofuels and shipping. cargo.
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About Ball Corporation
Ball company (NYSE: BLL) provides innovative and sustainable aluminum packaging solutions for beverage, personal care and household products customers, as well as aerospace and other technologies and services primarily for the US government. Ball Corporation and its subsidiaries employ 21,500 people worldwide and had net sales of $ 11.8 billion in 2020. For more information, visit www.ball.com, or contact us on Facebook Where Twitter.
About Wood Mackenzie
Wood Mackenzie, a Verisk Analytics company, is a trusted source of business intelligence for the global natural resources industry. We empower our clients to make better strategic decisions, providing objective analysis and advice on assets, businesses and markets. For more information visit: www.woodmac.com or follow us on Twitter @WoodMackenzie
WOOD MACKENZIE is a trademark of Wood Mackenzie Limited and is the subject of trade mark registrations and / or applications in the European Community, the United States and other countries around the world.
Verisk (Nasdaq:VRSK) provides predictive analytics and decision support solutions to clients in the insurance, energy, specialty markets and financial services industries. Over 70% of the FORTUNE 100 relies on the company’s advanced technologies to manage risk, make better decisions, and improve operational efficiency. The company’s analytical solutions address insurance underwriting and claims, fraud, regulatory compliance, natural resources, disasters, economic forecasting, geopolitical risks, as well as environmental, social and security issues. governance (ESG). Celebrate its 50e anniversary, the company continues to make the world a better, safer and stronger world, and fosters an inclusive and diverse world culture or all team members feel they belong. With more than 100 offices in nearly 35 countries, Verisk regularly achieves certification by Great place to work. For more: Verisk.com, LinkedIn, Twitter, Facebook and Youtube.