Xergy’s oil and gas digital platform secures £1.8m

Xergy’s oil and gas digital platform: Start-up technology firm Xergy’s online oil and gas platform Proteus has secured £1.8 million of private investment and is expected to ‘transform’ the freelance culture by enabling remote working.

Spearheaded by James McCallum and Colin Manson, Proteus works as a cloud-based work management system and is expected to increase efficiency by removing overheads and extra costs along with facilitating better project management – it could also reduce carbon emissions from commuting.

According to Xergy, its digital platform holds the potential to tap into ‘large share of the oil and gas gig economy, worth £9.6 billion, and a portion of the £3.9 billion oil and gas enterprise resource planning markets.’

Speaking about the investment, Mr. Mason said: “We have now secured almost £3 million from private investors, which has allowed us to develop and beta test Proteus with amazing feedback from users, including Emerson and Xodus.

“This investment underlines our confidence in the product and the value and efficiencies it can bring but it also demonstrates that there is appetite for disruption within the sector.”

The post Xergy’s oil and gas digital platform secures £1.8m of private investment appeared first on Energy Live News.

, , , , , , , ,
Previous Post
New joint venture to provide circular solution to ‘millions tonnes of e-mobility waste’
Next Post
German facility ‘to convert carbon dioxide from the air’

Related Posts

Daily Energy Market Report Friday 9th August 19

Daily Energy Market Report Friday 9th August 19   The NBP has opened oversupplied by 6.4mcm, a 4.1mcm decrease day on day, as demand is currently 24.3mcm above its respective seasonal norm. Deep depression weather systems are set to engulf the UK this weekend with wet and wild, stormy conditions. The blustery environment is forecasted…
Read More
Menu