Oil and gas hope­fuls to share £1m

The Herald - - BUSINESS -

MARK

TECH­NOL­OGY hope­fuls that are de­vel­op­ing prod­ucts such as minia­ture un­der­wa­ter ro­bots are set to win up to £100,000 sup­port un­der a scheme de­vel­oped to help the North Sea oil and gas in­dus­try fight back amid the crude price plunge.

Ten firms have been se­lected to join the sec­ond co­hort of par­tic­i­pants in the Techx Pi­o­neer Ac­cel­er­a­tor Pro­gramme de­vel­oped by the Oil and Gas Tech­nol­ogy Cen­tre. Five are based in Scot­land.

Techx said the ven­tures cho­sen showed the bal­ance of tech­nol­ogy, skills and am­bi­tion re­quired to de­liver clear value to the oil and gas in­dus­try. They in­clude Switzer­land-based Hy­dromea, which plans to use un­der­wa­ter ro­bots to gather data. The scheme at­tracted around 200 ap­pli­ca­tions, from 35 coun­tries.

„ Kier said it will meet its 2019 ex­pec­ta­tions.

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