We haven't been able to take payment
You must update your payment details via My Account or by clicking update payment details to keep your subscription.
Act now to keep your subscription
We've tried to contact you several times as we haven't been able to take payment. You must update your payment details via My Account or by clicking update payment details to keep your subscription.
Your subscription is due to terminate
We've tried to contact you several times as we haven't been able to take payment. You must update your payment details via My Account, otherwise your subscription will terminate.
BUSINESS

Grants to cover oil and gas technology

The grants cover schemes to investigate new technology and also support spending on updated infrastructure
The grants cover schemes to investigate new technology and also support spending on updated infrastructure
JANE BARLOW/PA

Six projects are to share £1.5 million of funding to help improve Scotland’s prospects in the oil and gas decommissioning business.

The grants cover schemes to investigate new technology along with supporting spending on updated infrastructure, equipment and staff training.

Spending on decommissioning in the UK North Sea is forecast to be £17 billion until 2025 as many fields come to the end of their productive lives.

Many companies in Scotland are investing to ensure they can win work. The Scottish government’s decommissioning challenge fund is offering grants to help encourage firms to participate.

Dales Marine Services is one of the recipients of a grant. It plans to build new gates and operating systems.

Advertisement

Kishorn Port in the northwest Highlands wants to improve its dry dock facilities as well as upgrading roads and flooding systems.

EMN Plant wants to buy new machinery while Lerwick Engineering and Fabrication plans to buy equipment to boost its capacity in handling reusable steel.

Glasgow-based Downhole Energy is the final recipient in the latest round.

Paul Wheelhouse, minister for business, energy and innovation, believes that decommissioning will offer companies opportunities across the supply chain.