Scotland’s top oil and gas research and development organisations (the Royal Society of Edinburgh, OGIC and The Data Lab – Innovation Centre) are to travel to China this month as part of a knowledge share designed to fortify ties and increase business.

In the last 12 months, the potential of the Internet of Things (IoT) to benefit the oil and gas industry has been accelerated with the arrival of 4G technology offshore. With the agility to adopt new technologies, and the ability to collect and assess big data and communicate offshore analysis and results in real time, 4G is bridging the last few metres from control room to the live plant. IoT devices are now a more accessible and viable resource to develop alternative solutions for industry challenges.

OGIC is proud to be sponsoring the Innovator Award at the 2018 Offshore Achievement Awards (OOA). To encourage participation in the awards, OGIC, together with the OOA team, are hosting a ‘lunch and learn’ session for companies considering entering the awards.

The risks and uncertainties associated with bringing a new technology to market are inherently high. There is significant financial investment required to research, develop, test, and commercialise a concept, and there is the ever-present concern that the concept or idea might not work. The way in which the Oil and Gas Innovation Centre (OGIC) works to help companies find appropriate research expertise in the university system in Scotland and to access funding for R&D presents a real opportunity to de-risk R&D.