The UK is ripe for startups. Technology startups based in London drew in a record-breaking $1.4 billion from investors in 2014, according to an article by The Financial Times. But technology isn’t the only industry in which UK-based startups are appealing. The oil and gas industry is also attracting investors. UK-based Sky Futures, a startup company that provides drone inspections to the oilfield services sector, recently raised a $3.8 million investment from MMC Ventures.
It’s the reputation for oil and gas startups along with abundant opportunities for graduate employment that Babawande Sheba credits for the 300 percent increase in the oil and gas management course at GSM London, an independent school of higher education offering career-focused courses. Sheba, who is the school’s head of department (logistics and operations), noted enrollment in BSc (Hons) Oil and Gas Management increased 300 percent in the past three years, with more than 1,000 students now enrolled in the undergraduate course.
“New curriculum in the course builds entrepreneurship into our degrees through projects,” Sheba told Rigzone. “The projects give students the opportunity to work on a practical project while studying.”
Those who complete the course mainly pursue careers in the oil and gas industry: upstream, midstream, downstream and environmental services. Students enrolled in the oil and gas management course also become student members of the Energy Institute, which gives students access to the extensive library and resources of energy-related content as well as the opportunity to network at industry events, Sheba said.
“London is central for oil and gas activity worldwide – although other areas such as the Middle East and Africa hold the core supply for energy,” said Sheba. “The supporting activities required for the industry – engineering, financial support and other services – the expertise for these are centered in London.”
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