Troubled Aberdeen-based engineering and consulting giant John Wood Group said on Wednesday it secured three “reimbursable contract extensions” in the North Sea worth $118 million to…

The “world-renowned” Junction Beat at Kelso on the River Tweed — called “the most historic and consistently productive beat of salmon fishings” — has been…

Edinburgh-based oil and gas firm Capricorn Energy said its 2024 revenue fell about 26% to $147.8 million and it made profit after tax of $11 million…

The Scottish Chambers of Commerce (SCC) said the court decision to allow the Rosebank and Jackdaw oil and gas fields to resubmit environmental assessments while consents…

The joint owners of Inch Cape Offshore Wind Farm off the Angus coast — ESB and Red Rock Renewables — announced that the flagship Scottish…

Aberdeen and Grampian Chamber of Commerce (AGCC) has told Scottish ministers that a presumption against new oil and gas developments in the North Sea “must…

UK regulator Ofgem has given the green light to the Eastern Green Link 1 project — a 196km, high voltage, bi-directional subsea electricity cable between…

David Whitehouse, Offshore Energies UK CEO: “Today we heard the Chancellor recognise the role of the oil and gas sector to support high quality jobs and…

Shares of Aberdeen-based Plexus Holdings plc, the AIM quoted oil and gas engineering services business, fell about 17% on Tuesday despite the firm saying its…

Aberdeen has been selected as the strategic and operational headquarters for Green Volt, a joint venture between Flotation Energy and Vårgrønn, paving the way for…

Statera Energy has submitted plans for the UK’s first utility scale green hydrogen project — Kintore Hydrogen — to be built in Aberdeenshire. The project…

The UK Infrastructure Bank (UKIB) has announced an investment in subsea HVDC cable manufacturer XLCC to develop a new world-leading factory in Hunterston in Scotland….

It has been confirmed that Aberdeen will be the headquarters for Great British Energy, the UK government’s planned state-backed power company. The planned company will…

Shares of Edinburgh-based oil and gas firm Capricorn Energy rose as much as 7% after it published results for the six months ended June 30,…

The UK oil and gas industry has more than halved methane emissions since 2018 and reduced overall emissions associated with the production of oil and…

SSE plc, the Perth-based electricity infrastructure giant, announced that the Shetland Islands have been connected to the GB electricity grid for the first time. SSE…

Influential trade body Offshore Energies UK (OEUK) has announced Steve Nicol as the new supply chain champion for the sector. Nicol is Executive President of Operations…

John Wood Group plc, the Aberdeen-based engineering and consulting giant, said it is advancing three carbon capture and storage (CCS) projects on the Norwegian Continental Shelf….

The Scottish Government said on Wednesday that revenue generated for Scotland’s public services increased by £1.7 billion last year to £88.5 billion “driven by a…

UK energy regulator Ofgem said it has given the green light to a £3.4 billion funding package to build a proposed new subsea “superhighway” with…

Aberdeen-headquartered Proserv has successfully completed a sponsor-backed management buyout (MBO) and is introducing an employee ownership scheme — marking a significant milestone in the company’s…

Perth-based SSE and Norway’s Equinor have finalised commercial terms for a potential expansion of the Dogger Bank Wind Farm known as Dogger Bank D. Dogger…

Aberdeen-headquartered Ithaca Energy Plc announced a number of changes to its board and executive management team following last month’s announcement that it will buy nearly…

UK prime minister Rishi Sunak on Wednesday called a UK general election for July 4 — during the summer holidays of Scotland’s schools. Scotland’s First Minister…

Serica Energy plc, the independent upstream oil and gas company, announced that it has received final approval from the North Sea Transition Authority (NSTA) to…

A new report by Robert Gordon University (RGU) has revealed that the UK will fail to achieve a “just and fair” transition by 2030 unless…

RWE, the giant German electricity generator and renewable energy firm, has announced a plan to develop a “groundbreaking” green hydrogen project at Grangemouth. RWE said…

KPMG has released its first ever report on the state of the Scottish Economy, predicting “slow but steady growth” over the next two years. The…

Aberdeen-based engineering and consulting giant John Wood Group plc has been awarded a new decarbonisation contract by TotalEnergies (TEPUK) to support flare gas recovery in the…

Edinburgh-based oil and gas firm Capricorn Energy announced that Craig van der Laan, its non-executive chair since February 2023, has decided not to stand for re-election…

Influential trade body Offshore Energies UK (OEUK) has announced the appointment of three senior industry leaders to its board. Well-Safe Solutions CEO Phil Milton, Wood…

The commercial property market in Scotland is showing signs of recovery, according to latest figures from Lismore Real Estate Advisors. Transaction volumes in Q1 totalled…

Edinburgh-based oil and gas firm Capricorn Energy said on Thursday its loss after tax more than doubled to $144 million as revenue fell about 12%…

UK energy regulator Ofgem announced that a provisional funding package of £3.4 billion has been announced for a proposed subsea and underground 500 km electricity…

UK energy regulator Ofgem said the proposed “Anglo-Scottish electricity superhighway” to power millions of homes is the first project to progress through its “fast track”…

UK finance minister Jeremy Hunt delivered his budget speech on Wednesday, confirming a widely expected cut of 2 percentage points to National Insurance. However, Hunt…

Glasgow is predicted to be the fastest growing city in Scotland over the next three years (2024 – 2027) with an average gross value added…

Shell UK said it has given the financial go-ahead for the development of the Victory gas field in the UK North Sea, approximately 47 km north-west…

Manchester based property company AM Sci Tech – a subsidiary of Hurstwood Holdings – has finalised one of the most significant property deals in the…

Aberdeen-based North Sea oil and gas producer Ithaca Energy Plc said CEO Alan Bruce is stepping down “to pursue new opportunities.” Bruce oversaw Ithaca Energy’s…

French oil and gas company TotalEnergies announced it has signed an agreement with Thailand’s national oil and gas company PTTEP for the sale of a…

SSE Renewables and its partner TotalEnergies have announced all turbines at the 1.1GW Seagreen Offshore Wind Farm off the coast of Scotland are now fully…

The UK’s North Sea Transition Authority (NSTA) said it has granted development and production consent to Equinor and Ithaca Energy for the controversial Rosebank oil…

Activity in mergers and acquisitions fell sharply in Scotland in the first half of 2023, with 25% fewer deals being announced and the value of…

The £450 million Abrdn UK Smaller Companies Growth Trust plc announced that it extended its period of underperformance against its benchmark on both a net asset value (NAV)…

Aberdeen-headquartered logistics group ASCO has been bought by Leed-based private equity firm Endless LLP for an undisclosed sum. ASCO has over 1,000 employees in the…

Centrica Business Solutions said it has secured the development rights to a 65MW two-hour battery storage plant in Perthshire, Scotland, its largest battery storage acquisition…

Jim Ratcliffe, owner of Ineos Grangemouth, has criticised the UK Competition And Markets Authority’s “increasingly hostile” attitude to business. The CMA has blocked the INEOS acquisition of…

The development of the giant Rosebank and Cambo oil fields west of the Shetland Islands would save 17 million tonnes of CO2 emissions over their projected…

Edinburgh-based oil and gas firm Capricorn Energy said on Monday that $104 million of its $145 million “trade receivables” in Egypt is “overdue.” Capricorn, formerly…

The Scottish Government’s Constitution Secretary Angus Robertson said Brexit has limited Scotland’s economic growth, restricted trade, increased food costs and diminished opportunities for young people….

Ardersier Port near Inverness said it has received an initial £300 million investment commitment from US private equity firm Quantum to drive its redevelopment and…

ScottishPower announced it has formalised a £1.3 billion contract with Siemens Gamesa — the highest value contract ever awarded by the Glasgow company — for 95…

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…