The UK North Sea is on track for the biggest year of oil and gas field startups in a decade, according to data from Edinburgh-based…

Inverness Airport saw a 23.5% increase in passenger numbers in the last financial year – up to 829,018 during 2016-17. Inverness recorded the highest monthly…

New research by VisitScotland has revealed that walking tourism generates up to £1.26 billion for the Scottish economy. The research found that in 2015, four…

The UK’s Competition and Markets Authority (CMA) said it has found that Wood Group’s purchase of Amec Foster Wheeler “gives rise to competition concerns.” The CMA said…

About 61% of Scottish businesses want the UK to stay in the European single market and the customs union after Brexit, according to a survey…

The Scottish Government has announced plans to accelerate the growth of Scotland’s fruit and vegetables sector with the launch of a new industry group. The…

Scotland’s food and drink exports increased by more than 11% to £1.2 billion in the first quarter of this year, compared with the same period…

Aberdeen-based oil and gas services giant Wood Group said it was awarded a new industrial services contract by BAE Systems Submarines. Effective immediately, the two-year contract…

A High Court judge in London on Wednesday called off the trial due to begin in the long-running investor lawsuit against Royal Bank of Scotland over its 2008…

UPDATE 3 — The RBoS Shareholder Action Group, which alleges investors were misled by Royal Bank of Scotland over its £12 billion rights issue in…

North Sea oil exploration firm EnQuest said in an operational update that its flagship Kraken oilfield was on track to begin producing oil before the end…

The civil trial involving Royal Bank of Scotland and a group of investors over a £12 billion rights issue by RBS in 2008 has been adjourned by a…

The High Court in London was told on Tuesday morning that a majority of claimants suing Royal Bank of Scotland over its £12 billion rights issue in 2008…

BP and its co-venturers Shell and Siccar Point Energy announced first oil from the redeveloped Schiehallion Area following completion of the multi-billion-pound Quad 204 project in the west…

UPDATE 2 — Royal Bank of Scotland (RBS) is attempting to reach a last-minute settlement with a group of investors who allege that the bank misled them…

Edinburgh-based oil and gas company Cairn Energy on Friday stressed the potential of its work in Senegal and the North Sea in a statement ahead…

Aberdeen’s economy is showing signs of cautious optimism — helped by recent transactions in the oil and gas sector — according to financial advisory firm Grant Thornton. Grant…

Edinburgh-based tidal power company Atlantis Resources said it signed a strategic partnership agreement (SPA) with South Korean offshore construction giant Hyundai Engineering & Construction regarding global…

The first oil has begun to flow from the Shaw field, part of a major redevelopment of the Montrose Area in the Central North Sea about…

Hurricane Energy said on Monday the amount of oil estimated to be recoverable from its Lancaster field west of Shetland is 162% higher than previously thought,…

The trade body for the UK oil and gas industry has warned UK prime minister Theresa May the industry’s cost of trade in goods could rise from £600…

UPDATE 1 — Two thirds of small employers in Scotland with EU workers are concerned about future skills shortages, according to new research from the…

An estimated 530,000 jobs in Scotland depend on demand for Scotland’s goods and services from the rest of the UK, according to research by the University of Strathclyde’s Fraser…

Scotland’s official unemployment level fell by 15,000 in the most recent quarter to 123,000, with the rate down 0.5 percentage points to 4.5% — below the…

Highlands and Islands Airports Ltd (HIAL) recorded a 15.4% increase in passenger numbers — reaching a record breaking 1,658,423 customers — at its 11 airports…

Hurricane Energy said on Friday it tripled its estimate of recoverable oil from its Lancaster field in the North Sea. The announcement came a few days after Hurricane announced…

Aberdeen-based independent oil and gas firm Parkmead said it nearly doubled its stake in the major Sanda North and Sanda South structures in the West of…

Hurricane Energy is set to announce it has made a further, important oil discovery west of Shetland, according to the Financial Times. The news comes…

A new report by Savills and Scottish Woodlands said more than 18,300 hectares of forestry were sold across Britain last year at a cumulative value of £83 million…

The UK government said on Monday it intends on March 29 to formally trigger the long negotiations for the UK to leave the EU. “The UK’s Permanent…

Food and drink exports from Scotland grew by £421 million or 8% in 2016 to a record £5.5 billion — with exports to EU countries…

Trade body Oil & Gas UK welcomed the move unveiled by UK chancellor Philip Hammond in his Budget speech to review North Sea tax rules to try and find ways…

The Scottish Government should use new borrowing powers to create an infrastructure bond to encourage private sector investment in Scotland’s transport network and other public…

Trade body Oil & Gas UK said output from the UK Continental Shelf (UKCS) rose 5% to 1.73 million barrels of oil equivalent per day (boepd) in 2016 and should…

The Scotch Whisky Association (SWA) has urged MEPS to vote in favour of the EU-Canada Comprehensive Economic and Trade Agreement (CETA). The SWA said CETA…

The CEO of Aberdeen-based Faroe Petroleum said in an update the firm was “poised for a major growth phase” and it would pursue deals in its core…

Property consultants CKD Galbraith said the commercial farmland market in Scotland will remain robust throughout 2017 “given the healthy levels of interest witnessed in the previous 12 months.”…

Shell agreed to sell roughly half of its UK North Sea assets to independent firm Chrysaor for up to $3.8 billion. Chrysaor, backed by Harbour Energy, an…

Edinburgh-based Standard Life plc said Paul Matthews, CEO UK & Europe Pensions and Savings will stand down as an executive director and Barry O’Dwyer, currently CEO…

Scotland’s exports to the rest of the UK and to international markets in 2015 — excluding oil and gas — were estimated at £78.6 billion, up…

North Sea exploration firm EnQuest said it agreed to acquire from BP an initial 25% interest in the Magnus oil field for about $85 million — with an option to…

Highlands and Islands Airports Ltd (HIAL) said passenger numbers rose 10.6% to a record 1,606,168 travellers at its 11 airports across Scotland in 2016. HIAL is…

Emerging markets specialist Aberdeen Asset Management believes that any imposition of trade barriers after Donald Trump becomes president of the United States “may force some…

Eurowings is to launch a new direct flight service between Edinburgh Airport and Munich on March 31 next year. The five times weekly service further strengthens…

Glasgow-based pensions and benefits consultant Hymans Robertson said it appointed Barry McKay as Head of Local Government Pension Scheme (LGPS) Actuarial, working alongside David Walker as Head…

Shares of Hurricane Energy soared more than 12% after it announced a “significant” oil find at the Lincoln Well west of Shetland. Hurricane CEO Robert Trice said: “I…

Edinburgh has been ranked number one in the 2016/17 “Global Cities of the Future” for Foreign Direct Investment (FDI) Strategy by the fDi Intelligence publication, a division of the…

Oil prices rose on Monday to their highest levels in about 18 months after OPEC and non-OPEC producers agreed to cut oil output to ease…

Baillie Gifford’s £1.3 billion Monks Investment Trust said the consequences of the Brexit vote had been very good news for the closed-end fund in the short term…

Aberdeen-based Faroe Petroleum, the independent oil and gas company, said it completed the previously announced acquisition of interests in five Norwegian North Sea producing oil and…

Statoil said production drilling has started on the massive Mariner field on the East Shetland Platform of the UK North Sea about 95 miles east of the…

The North Sea oil and gas industry gave a cautious welcome to news that some of the world’s biggest producers agreed a deal to curb production for the…

BP said it acquired interests in two North Sea exploration prospects — Jock Scott and Craster. BP acquired a 25% interest in two Statoil-operated licenses east…

UK airline Flybe announced that its franchise agreement with Glasgow-based Loganair to fly under the Flybe brand has been terminated with effect from August 2017 “following…

The Scottish Government has urged the UK Chancellor’s Autumn Statement to include measures that widen access to North Sea decommissioning tax relief and for the UK…

About £17.6 billion will be spent on offshore oil and gas decommissioning on the UK Continental Shelf (UKCS) between now and 2025, according to a new report from trade…

(Updated) — A new report from PwC on the oilfield services (OFS) sector predicts an “uneven” recovery that could see oil prices reach a “robust” $60-$70…

Scotland’s deputy First Minister John Swinney said the UK Government’s decision to reduce Scotland’s defence estate by 20% is a “huge blow for the country.” The Scottish…

Chevron North Sea said it finally started production at the Alder high-pressure, high-temperature (HPHT) gas condensate field in the Central North Sea discovered 41 years ago…

Oil & Gas UK has written to UK Chancellor Philip Hammond asking him to use his Autumn Statement later this month to boost investor confidence…

Edinburgh-based Standard Life said it completed the acquisition of AXA Portfolio Services — which trades as Elevate — from AXA UK plc following Financial Conduct Authority consent. “The…

Royal Bank of Scotland chairman Howard Davies has warned that big banks are planning to shift “the balance” of their activity away from London’s financial…

More than three billion barrels of oil equivalent (boe) remain in about 350 unsanctioned discoveries across the UK Continental Shelf (UKCS), according to information released by…

The long-awaited £1 billion redevelopment of the Edinburgh St James Centre will finally get under way with immediate effect after Dutch pension fund asset manager APG agreed…