An Aberdeen start-up firm’s technology for slashing oil well decommissioning costs has passed its first North Sea trial with flying colours.
Decommissioning Challenge Fund
A host of north and north-east companies and projects have been given cash injections through the Scottish Government’s decommissioning challenge fund (DCF).
Funding worth £4 million is up for grabs in a fresh attempt to boost Scotland’s share of North Sea decommissioning work.
A £2.5 million cash pot will be shared between 12 decommissioning projects as part of the Scottish Government's latest funding round.
Ports in the Highlands and Islands region have snapped up a share of the spoils from the Scottish Government’s new decommissioning funding-pot.
A Scottish Government fund for helping the country secure decommissioning work has awarded £1.1million worth of backing to six ports.
A £5million decommissioning fund unveiled by First Minister Nicola Sturgeon in Aberdeen yesterday will be targeted at ports looking to cash in on dismantling the topsides of North Sea platforms.
First Minister Nicola Sturgeon has vowed to provide more details about the Scottish Government’s new decommissioning fund “in due course”.