New £1 million fund to encourage oil and gas innovation opens in Aberdeen

Ben Foreman
Ben Foreman

The Industry Technology Facilitator (ITF) and the Oil & Gas Innovation Centre (OGIC) have joined forces to fund and support the development of innovations which could reduce N. Sea oil and gas exploration and operational costs and improve safety and environmental performance.

OGIC has made £1 million available to support companies with projects that require research and development to be undertaken at a Scottish university. OGIC can fund up to 70% of these costs and ITF can potentially ‘top-up’ financial support if an innovative project engages the interest of its members.

This will help developers get their innovations closer to market. Closing date for applications is 30 Apr 2017.

Ben Foreman, ITF Technology Manager, said: “This is an exciting opportunity for technology developers to progress their ideas from the desktop towards the marketplace.

“The oil and gas industry has undergone tremendous changes over the past few years and new technology is crucial to see it become more efficient, sustainable and safer in the future.

“Our recent Technology Showcase event challenged the oil and gas industry’s inherent ‘risk-averse’ culture and we now see a fresh focus and commitment to progress innovation. Financial support and knowledge from ITF, OGIC and Scottish universities is invaluable to push forward those solutions and put them to work for the benefit of the industry.”

Pixie Energy

Pixie logo Pixie Energy is an incubator and a facilitator of strategic research and project work, focusing on energy regulation, policy and markets at the local and national level. Find out more about Pixie Energy here.

Local Energy Matters: Scotland

Local Energy Matters: Scotland is a free-to-download brochure with a focus on energy tariffs in the two Scottish electricity distribution regions, as well news on local energy and low-carbon schemes.

Previous editions can be download here.

Scottish energy market overview

You can read an overview of the Scottish energy market here.

Scottish Government energy feed