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Funding for new exploration in North Sea

New exploration in the North Sea will be supported by a £5 million UK government fund for 2018-19, Chancellor Philip Hammond announced during a visit…







Big changes as Macquarie seals Green Bank deal

Australia’s Macquarie Group said on Friday its consortium completed the acquisition of Edinburgh-based UK Green Investment Bank from the UK Government for £2.3 billion. Macquarie said…





Head of Student Loans Company ‘suspended’

Steve Lamey, the chief executive of the UK’s Glasgow-based Student Loans Company (SLC), has been suspended pending an investigation, according to reports. No clear reason was…






Wood Group wins BAE submarines contract

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…







BP hails first oil from massive Shetland field

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…





Edinburgh tidal power firm Atlantis in Hyundai deal

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…





Small Scots firms depend on EU workers

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






Parkmead doubles West of Shetland stake

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…








Oil and gas production continues to rise

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…









Record for Highlands and Islands Airports

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…


Aberdeen weighs Trump emerging market effect

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…



Changes at Hymans Robertson public sector team

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…


Hurricane shares up after Shetland oil find

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…