The UK Government moves like lightning to tax the industry when oil prices are high but moves at a snail’s pace when oil prices are low. In a glaring example of oil tax hypocrisy, George Osborne announced a shale oil fund for the north of England in his Autumn Statement. This is before a single … Continued
The newly established Oil & Gas Innovation Centre (OGIC) is already having an impact on accelerating new technologies to support the North Sea oil and gas Industry. At its official launch hosted by Hydro Group plc in Aberdeen last night (Monday 10 November), OGIC revealed that it now has its first approved and funded projects … Continued
State of the art technology is being bought for the Oil and Gas Innovation Centre (OGIC), thanks to a £1.66m grant.
The award, from The Scottish Funding Council, will enable OGIC to purchase two pieces of cutting-edge equipment to support research and innovation in the sector.
This is on top of the £10.6 million already allocated to support demand led innovation between industry and Scottish Universities.