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…

Aberdeen-based Faroe Petroleum, the independent oil and gas company, announced an oil and gas discovery at the Njord North Flank in the Norwegian Sea, in…

Scotch Whisky Association (SWA) chief executive David Frost has urged the UK government to put transitional arrangements in place that minimise trade disruption should the UK leave…

International tourists visiting Scotland spent more than £500 million in the second quarter of the year for the first time — even though the overall number of…

The Scotland-generated share of UK tax receipts fell from 8.1% in 2014-15 to 7.7% in 2015-16, according to official statistics published by Her Majesty’s Revenue and…

About 330,000 jobs across the UK are currently supported by the offshore oil and gas industry, down from a peak of about 450,000 jobs in 2014,…

The incomes of British pensioners have doubled in the last 20 years and — after housing costs — are now almost equal to those of…

Shares of Aberdeen-based oil and gas firm Parkmead rose about 10% after it said it increased its stake in the Perth and Dolphin oil fields…

Shares of oil firm Hurricane Energy soared 53% after it said tests at the Lancaster field west of Shetland showed “a very significant hydrocarbon column.” Hurricane CEO…

North Sea exploration firm EnQuest said its pre-tax profit rose 51% to $149.7 million on revenue and other operating income down 12% to $391.3 million in the six…

Shares of Edinburgh-based global oil and gas explorer Cairn Energy rose 4.5% after it said an appraisal of its “world-class” discovery off the coast of Senegal had significantly increased so-called “2C”…

Oil and gas firm Parkmead has doubled its stake in the Polecat and Marten oil fields in the UK Central North Sea.  The Polecat and…

The percentage of the Edinburgh workforce with a degree level qualification or equivalent is higher than any other major UK city, according to the latest ‘Edinburgh…

As the Scottish Government focuses on pursuing “all available options” to keep Scotland in the EU, the Scotch Whisky Association (SWA) chief executive David Frost has vowed…

News publisher Johnston Press, owner of The Scotsman, said it has continued to increase readers of the i newspaper since it was acquired in April 2016…

Investment bank JP Morgan said on Wednesday it expects Scotland to vote for independence and introduce its own currency before the UK leaves the European Union in…

The share prices of many of Scotland most important public traded companies have plummeted since Friday morning when it became clear the UK had voted narrowly to…

Scotch Whisky Association (SWA) chief executive David Frost said the £5 billion industry had “serious issues to resolve” now that the UK had voted to leave the EU…

A report by the UK music industry said £295 million was generated for the Scottish economy from music tourism in 2015. The UK Music report…

Jobs supported by the UK’s offshore oil and gas industry will have fallen by the end of 2016 by an estimated 120,000 since their peak…

Edinburgh’s status as a World Heritage Site is worth between £1.2 billion and £1.4 billion, claims a new report. The Edinburgh World Heritage group said…

Unite, Scotland’s biggest union, has called for a cross-sector oil and gas summit to “plan for the industry’s survival and growth” after Shell announced it will…

Scotch Whisky exports reached £3.86 billion in customs value last year as the industry continued to show strong signs of recovery after a slight decline in recent…

BP said on Monday it has doubled its interest in the Maersk-operated $4.5 billion Culzean gas development in the UK central North Sea after acquiring an additional interest from JX…

The Scottish Council for Development and Industry said there is “a very high level of support” among its members for the UK to remain a proactive member of…

More than £1 billion of Scotch whisky exports could be at risk for an industry that supports 40,000 jobs if the UK leaves the EU, according to…

Edinburgh-based pensions and investment firm Standard Life said it agreed to acquire AXA Portfolio Services Limited — which trades as Elevate — to further strengthen its position as a platform provider…

The average FTSE 100 firm’s defined benefits pension scheme saw its asset allocation to bonds increase from 56% to 59% in the year to September 30, 2015, according…

The collective deficit of the UK’s private sector defined benefit pension schemes has grown to £294 billion from £262 billion in the past year, with funding levels falling from 83%…

Edinburgh-based global energy experts Wood Mackenzie have warned in a new report that there could be a 4.5 million barrels per day shortfall in oil supply…

Glasgow-based Collagen Solutions said it has entered a joint venture agreement with China-based conglomerate Cre8ive. Collagen Solutions’ chief executive said the purpose of the move was…

Scotland’s Highland and Islands Airports Ltd (HIAL) said it handled more passengers than ever in the last financial year. HIAL said it handled 1,437,625 passengers in 2015-16…

Thirteen Scottish craft breweries have signed a deal to supply beers and ciders to Asda stores in Scotland. Asda has teamed up with the Craft…

Leaving the European Union would reduce flows of foreign direct investment (FDI) into the UK by more than 20%, damaging productivity and lowering people’s incomes,…

Scotland’s public sector should have a target of directing 10% of its spending power towards firms with fewer than 10 employees, said the Federation of Small Businesses…

The World Trade Organization reported on Thursday that growth in the volume of world trade is expected to remain sluggish at 2.8% in 2016, unchanged from…

Maersk Oil said on Thursday that fabrication of the billion dollar “topsides” for platforms on its $4.5 billion UK North Sea megaproject Culzean has begun….

Rosyth-based Parsons Peebles Group, a Clyde Blowers Capital company, said it acquired Reading-based Taylor & Goodman, a fast-growing provider of electromechanical services to the water sector. The acquisition…

Edinburgh Council has sold its prestigious Atria office development in the heart of the capital’s financial district for £105 million to Deka Immobilien, a real estate…

Motherwell-based engineering group MB Aerospace has completed the acquisition of Centrax Turbine Components based in Devon, England. It is the first acquisition for MB Aerospace following…

Scotland’s unemployment rate rose by 0.5% to 6.1% — up by 16,000 to 171,000 — in the three months to January 31, according to the Office for National…

Edinburgh-based oil and gas explorer Cairn Energy said on Tuesday it has added 20% to its resource estimate for its oilfield off the coast of Senegal…

Scotland had a deficit of £14.9 billion — 9.7 per% of gross domestic product (GDP) — in the financial year 2014-15, compared to a deficit for the…

Angel investor group Investing Women wants to increase the ratio of Scotland’s female angel investors from an estimated one in 20 to the US level of one…

Scotland’s First Minister Nicola Sturgeon will say in a keynote speech on Monday that she wants the EU referendum vote to result in an overwhelming victory, across all parts…

Oil & Gas UK’s 2016 activity survey published on Tuesday said exploration remains at an all-time low “with no sign of improving” and that a collapse…

Scotland’s employment rate increased to 74.8% in the third quarter of 2015 — outperforming the UK — and the Scottish employment level of 2.636 million was…

French energy firm Total and its partners will invest £690 million in operational expenditure west of Shetland over the next 10 years following the start-up of the…

The Harris Tweed Authority said it “has received the ultimate seal of approval” from Lord Lyon King of Arms, Dr. Joseph Morrow QC, who has…

French energy firm Total said it has started production from the Laggan-Tormore gas fields in the West of Shetland area. The fields are expected to supply up to…

St Andrews-based Worldwide Cancer Research said it has appointed Dr Helen Rippon as its chief executive to succeed Norman Barrett, who is retiring after eight years with the organization. Previously director…

Aberdeen-based Faroe Petroleum, the independent oil and gas exploration company active in the UK and Norwegian continental shelves, said it had a year of growth and progress in 2015 despite…

Shares in Aberdeen-based oil and gas engineering firm Plexus Holdings fell more than 40% on Monday morning after it said a slowdown in planned activity by its customers…

The UK’s Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA) on Wednesday launched their New Bank Start-up Unit aimed at encouraging new “challenger banks” to…

Latest figures show the highest employment level for Scotland since records began in 1992, taking the number of Scots in work to 2,631,000, according to…

Oil and gas giant BP is to cut its North Sea workforce by 20% by 2017 — about 600 jobs — as part of a global…

Oil & Gas UK chief executive Deirdre Michie (pictured) has welcomed the first rise in UK oil and gas production for more than 15 years —…

Scotch Whisky exports totalled £1.7 billion in the first half of 2015 as the decline of recent years slowed significantly. Scotch exports to Brazil, India and Russia…

Statoil said on Wednesday it will delay the start up of the $7 billion Mariner field in the North Sea — the biggest field development…