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…

Aberdeen-based Faroe Petroleum on Tuesday urged its shareholders to reject a £608 million hostile bid from Norwegian oil and gas company DNO, saying the offer “is opportunistic and…

UPDATE 3 — Aberdeen-based Faroe Petroleum on Monday urged shareholders to “take no action” in response to a £608 million hostile bid for Faroe from Norwegian…

Producers of Scottish salmon, the UK’s largest food export, said on Friday they are seeking reassurances that the draft Brexit deal will not link fishing…

BP on Friday announced the first oil production from the giant Clair Ridge project in the West of Shetland region. BP’s co-venturers are Shell, Chevron…

The UK government said the Scottish government will benefit from nearly £1 billion of additional funding as a result of this year’s UK budget. Scotland will…

BP said on Monday it received approval from the UK’s Oil and Gas Authority (OGA) to proceed with the Alligin development west of Shetland, which…

Aberdeen-based Faroe Petroleum had a “constructive” meeting with Norwegian oil and gas company DNO last week, Faroe’s chief executive said on Tuesday, amid expectations that…

The Scottish Government said on Wednesday that Scotland’s public sector finances “are continuing to improve” — with total public sector revenue reaching £60 billion for…

The UK’s Oil and Gas Authority (OGA) has launched the 31st Offshore Licensing Round — offering blocks in “frontier areas” of the UK Continental Shelf (UKCS)…

BP said on Wednesday it will significantly increase its holding in the giant Clair field, 47 miles west of Shetland. “BP has entered into an agreement to…

Shares of Edinburgh-based international oil and gas company Cairn Energy rose about 3% after the firm made a bullish statement at its AGM. Cairn CEO…

Aberdeen Standard Investments said its infrastructure team has made a second investment in a gas pipeline and processing system. The team has acquired the InfraVia…

North Sea oilfields connected to the Brent oil pipeline have stopped production due to a shutdown at Shetland’s Sullom Voe oil terminal to fix a “minor…

Shares of Aberdeen-based Faroe Petroleum, the independent oil and gas company, rose about 12% on Wednesday after it announced “significant discoveries” in the Hades and Iris prospects…

The crucial Forties oil and gas pipeline in the North Sea was shut for a second time in two months on Wednesday. The latest shutdown…

A record number of people used Highlands and Islands Airports Ltd (HIAL) airports in 2017, with the group reporting 1,722,913 journeys during the year. The…

Aberdeen corporate finance expert Tom Faichnie has predicted the Granite City will experience a surge in merger and acquisition deal activity in 2018. Faichnie, managing…

Grangemouth refinery operator Ineos said it has partially re-started its Kinneil facility following the dramatic shut down of its crucial North Sea Forties Pipeline and the Kinneil…

Grangemouth refinery operator Ineos said on Christmas Day that it expects to bring its crucial North Sea Forties Pipeline and its Kinneil facility “progressively back to…

Ineos has declared force majeure on all shipments of crude oil, natural gas and condensates through its North Sea Forties Pipeline System that has shut…

Trade body Oil & Gas UK said the shutdown by Ineos of its North Sea Forties Pipeline System has caused “significant issues” for the industry and that…

Trade group Scottish Engineering said in its latest Quarterly Review that Scotland’s engineering sector continues to report increased orders and output despite the political uncertainty…

Aberdeen-based oil and gas services giant Wood Group said it commenced a multi-million dollar contract to act as operating partner of the Scottish Area Gas…

Grangemouth refinery operator Ineos said it completed the acquisition of the North Sea Forties Pipeline System (FPS) and Kinneil Terminal from BP. “The completion of the…

The UK Government’s Scottish Secretary David Mundell confirmed in the House of Commons that the new Scottish Business Taskforce of economic and business leaders will meet…

The Scottish Government announced that it “will not support the development of unconventional oil and gas in Scotland” — meaning there is an “effective ban”…

The approximate sales value of oil and gas produced in Scotland for the financial year 2016-17 rose 15.2% to £17.5 billion, according to new figures from Scotland’s…

The UK’s Competition and Markets Authority (CMA) said it has accepted proposals to resolve competition concerns regarding the £2.2 billion purchase of Amec Foster Wheeler by Aberdeen-based…