Scotland will need to “carefully manage” the decline in its massive oil and gas industry alongside the growth of the new low carbon sector to…

Edinburgh-based oil and gas firm Capricorn Energy, where shareholders recently ousted the executive leadership and terminated a planned merger, on Monday published an update on…

NatWest-RBS has announced that it will immediately stop all reserve-based lending for new customers financing oil and gas exploration and extraction, before phasing it out entirely…

The UK’s public sector borrowing (PSNB ex) in December 2022 was £27.4 billion, the highest December figure since monthly records began in January 1993, largely because…

Aberdeen-based global engineering and consulting giant John Wood Group said its revenue rose 3% to $5.4 billion and its order book stood at $6 billion…

The Scottish Government’s newly-published energy strategy has been branded a “breathtaking betrayal” of the oil and gas sector by Russell Borthwick, the chief executive of…

Giant trade association Offshore Energies UK (OEUK) has appointed David Whitehouse as its new chief executive, starting on January 1, 2023. OEUK represents 400 companies involved in producing…

By Mark McSherry — SSE plc, the Perth-based electricity infrastructure giant, confirmed on Friday it has reached agreement to sell a 25% minority stake in its electricity transmission network…

Aberdeen-based North Sea oil and gas producer Ithaca Energy made an unimpressive stock market debut in London on Wednesday as the firm staged the UK’s…

Shares of North Sea oil and gas producer Hurricane Energy rose about 17% to around 8p after it received an unsolicited takeover offer at an indicative…

Aberdeen-based North Sea oil and gas producer Ithaca Energy confirmed on Tuesday its “intention to undertake an initial public offering” and said it is seeking…

Aberdeen-based North Sea oil and gas producer Ithaca Energy said on Tuesday it is planning an initial public offering (IPO) on the London Stock Exchange. Ithaca…

First Minister Nicola Sturgeon launched the Scottish Government’s “independence economy prospectus” on Monday. Sturgeon said the paper called “Building a New Scotland: A stronger economy with…

Scotland’s public sector revenue has been estimated at £73.8 billion for 2021-22 — up a record £11.1 billion from the previous year. Scottish public spending…

SSE Renewables and its partner TotalEnergies announced first power generation from the Seagreen offshore wind farm 27km off the coast of Angus in Scotland. The…

Shell has launched a sale process for its 30% stake in the Cambo oil prospect west of Shetland in the UK North Sea, potentially paving the…

Offshore Energies UK (OEUK) announced on Friday that its chief executive Deirdre Michie will step down at the end of 2022 after almost eight years…

Growth investor BGF has exited Ellon-based chemicals firm Aubin Group following a deal to sell the firm to Genova-based Italmatch Chemicals. Aubin is a developer…

Offshore Energies UK (OEUK) on Thursday warned UK finance minister Rishi Sunak that his new energy profit levy risked undermining attempts to attract capital investment…

An “visionary” bid for a Forth Green Freeport for Scotland which “will re-industrialise the nation and create large scale economic development” has been submitted by…

The UK government on Thursday announced a 25% windfall tax on oil and gas producers’ profits –alongside a £15 billion package of support for UK…

The chief executive of Edinburgh-based Capricorn Energy told the firm’s AGM on Wednesday that the last 12 months have been “transformational” for the company as…

Aberdeen-based engineering giant John Wood Group plc announced that Robin Watson intends to retire as chief executive. “The process to appoint his successor will now…

Israeli energy conglomerate Delek Group announced that its North Sea subsidiary Ithaca Energy has acquired Siccar Point Energy — which owns 70% of the controversial Cambo…

Ineos announced it is taking the next significant step in its plan to convert its Grangemouth petrochemicals plant and oil refinery to run on hydrogen at…

NATS — formerly called National Air Traffic Services — announced it has implemented the “biggest ever geographical airspace change in the UK” by removing long-established air routes over Scotland…

Royal Dutch Shell said on Thursday it has scrapped its current involvement in plans to develop the controversial Cambo oilfield west of Shetland in a…

SSE Renewables and Equinor, the joint venture partners co-developing the 3.6GW Dogger Bank Wind Farm in the North Sea, announced that 15-year offtake Power Purchase…

Blocking long-planned oil and gas projects in the North Sea would risk leaving UK consumers even more exposed to the global energy shortages that sent…

Edinburgh-based international oil and gas company Cairn Energy said on Tuesday it has completed the sale of its interests in the Catcher and Kraken Fields in…

OGUK, which represents the UK’s offshore oil and gas industry, has warned that UK gas production will fall 75% by 2030 without new investment. OGUK warned…

Ineos said on Wednesday it will convert its Grangemouth petrochemicals plant and oil refinery to run on hydrogen at a cost of more than £1…

Crown Estate Scotland announced it will launch a new leasing process for offshore wind farms to help decarbonise Scotland’s oil and gas sector. The announcement…

The UK is facing a “stark energy choice” in which it must invest in its offshore oil and gas industry “to build energy security, jobs,…

The latest estimates of the controversial and highly contested Government Expenditure & Revenue Scotland (GERS) statistics have revealed the full impact of the pandemic on…

First Minister Nicola Sturgeon has written to UK Prime Minister Boris Johnson calling for the UK Government to reassess oil and gas licences already issued…

BP and Germany’s EnBW said on Monday they have submitted a joint bid for Scottish offshore wind acreage in the ScotWind leasing round which could support…

Shares of troubled West of Shetland oil and gas explorer Hurricane Energy plc rose almost 30% on Wednesday after it said chairman Steven McTiernan and…

Aberdeen-based drilling and engineering contractor KCA Deutag (KCAD) said it has secured a contract award and two contract extensions for platform drilling services in Russia, UK…

Forth Ports has unveiled ambitious proposals for the creation of Scotland’s largest renewable energy hub on a 175 acre site at the Port of Leith. “This…

Almost 35% of shareholders of Edinburgh-based international oil and gas company Cairn Energy voted against the company’s remuneration report at its AGM on Tuesday. “The…

Scottish fishermen are making a 72-hour round trip to land fish at auctions in Denmark as the only way to guarantee that their catch will get…

The Brexit fisheries deal negotiated by the UK Government “will mean a fall in the quantity of key fishing stocks” landed by the Scottish fleet,…

Port of Cromarty Firth in Invergordon has signed a Letter of Intent with Ideol, a global leader in floating foundations for offshore wind that is based in…

The UK’s Financial Conduct Authority (FCA) has fined hedge fund Asia Research and Capital Management Ltd (ARCM) almost £900,000 over “transparency failures” about its short…

The UK’s Oil and Gas Authority (OGA) has vowed to “take a robust stance” on flaring and venting of greenhouse gases in the North Sea….

The Scottish Government said on Wednesday that Scotland’s revenues rose to a record £66 billion in 2019-20, although they were impacted “by the initial effects”…

Shares of North Sea producer Premier Oil fell about 25% on Thursday after it said it will seek to raise $530 million from shareholders as part…

Leading Scottish law firm Brodies LLP said on Tuesday it reported a 7% increase in turnover to £82 million for the year to April 30,…

German agriculture and energy firm BayWa r.e. said on Wednesday it joined the existing consortium of Belgian renewable energy company Elicio and French floating wind…

Perth-based energy giant SSE plc said on Wednesday its SSE Renewables business agreed to sell a 51% stake in its massive Seagreen 1 offshore Scottish…

The Oil & Gas Technology Centre (OGTC) announced on Monday the appointment of former Standard Life Aberdeen co-chief executive Martin Gilbert as chair of the Aberdeen-based…

Edinburgh-based international oil and gas company Cairn Energy said on Tuesday its 2019 revenue rose to $533.4 million from $410.3 million in 2018 and its…

Edinburgh-based oil and gas company Cairn Energy said on Wednesday it agreed to dispose of Capricorn Norge AS, its subsidiary in Norway. “With effect from…

The UK’s floating offshore wind sector can deliver £33.6 billion of economic activity (Gross Value Added) by 2050. That’s a main finding of a joint…

Aberdeen-based Well-Safe Solutions said on Monday it secured a new £66 million investment to fund the next phase of its plans as a “tier one…

Shares of Edinburgh-based oil and gas company Cairn Energy fell about 4% on Tuesday after it said it failed to find hydrocarbons at the Chimera well…

SSE Renewables, which is leading the development of Dogger Bank Wind Farms, the largest offshore wind farm in the world, said on Tuesday the project…

Shares of Edinburgh-based international oil and gas company Cairn Energy rose about 7% on Tuesday after it announced strong half-year results and a production target upgrade. Cairn…

Public sector revenue in Scotland reached £62.7 billion in 2018-19, exceeding £60 billion for the first time, with Scotland’s onshore revenues increasing 5.1% to reach…

Norwegian state-owned energy giant Equinor and its partners on Thursday announced first oil from the massive Mariner field in the UK North Sea. The field…

French oil and gas giant Total said it has started up production from the giant Culzean gas field 45 miles east of Aberdeen in the North…

Grangemouth refinery operator Ineos said on Monday it will invest $2 billion to build three plants that would form part of petrochemical complex being developed…

Edinburgh-based international oil and gas exploration and production company Cairn Energy said on Friday at its AGM that it will target more than 800 million…

Edinburgh-based oil and gas company Cairn Energy on Tuesday reported a $1.2 billion pre-tax loss on continuing operations amid non-cash writedowns connected to a long-running…

Ineos said on Wednesday it will invest £1 billion in the UK, including £500 million in the Forties Pipeline System to prolong the life of…

UPDATE 3 — Norwegian oil and gas company DNO on Wednesday looked set to win control of Aberdeen-based Faroe Petroleum a day after raising its…

Aberdeen-based Faroe Petroleum — which has rejected a hostile £610 million cash takeover bid from Norwegian oil and gas company DNO — on Wednesday published “an independent current valuation…

Aberdeen-based Faroe Petroleum on Thursday issued a circular rejecting a hostile £610 million cash takeover bid from Norwegian oil and gas company DNO. Faroe operates in the…

North Sea exploration firm EnQuest said on Monday it completed the acquisition of the remaining 75% interest in the Magnus oil field, an additional 9 % interest…