Norwegian multinational Statoil said it agreed to divest 25% of its assets in Hywind Scotland pilot park, the world’s first floating wind farm, to Abu…

A £350 million expansion of Aberdeen Harbour has been sanctioned by the harbour’s board and the construction contract with preferred bidder Dragados UK is due to be formalised on…

Annual negotiations in Brussels resulted in increased fish quotas for 16 out of 23 key Scottish stocks and “additional fishing opportunities” worth around £47 million, said Fisheries…

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…

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…

Aberdeen-based oil and gas services giant Wood Group said it signed a memorandum of understanding (MoU) with Netherlands-based Heerema Fabrication Group (HFG) to offer wellhead platform development to…

The Scottish Government’s Fisheries Secretary Fergus Ewing lamented the “disappointing” outcome of the fisheries negotiations between the EU and Norway that concluded in Bergen at the weekend….

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 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…

Aberdeen-based independent oil and gas firm Parkmead said it is evaluating more acquisition opportunities to take advantage of low oil prices as it announced it made a £6.7…

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…

Forth Ports and Augean North Sea Services (ANSS) announced a partnership that will bring a new decommissioning waste management facility to the Port of Dundee. Forth Ports…

Aberdeen-based mechanical engineering group EnerMech said its cranes and lifting division has secured international contract wins, extensions and renewals worth at least £85 million. In Azerbaijan, BP Exploration…

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

Shares of North Sea oil firm Xcite Energy were suspended on Tuesday “pending clarification of the company’s financial position” after it said its principal bondholders rejected a plan to…

North Sea exploration firm EnQuest has proposed a complex financial restructuring which it said it agreed with its key stakeholders “following an extensive period of…

Scottish gross domestic product (GDP) grew 0.4% in the second quarter of 2016 — compared to 0.7% for the UK — according to statistics from Scotland’s Chief…

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…

Maersk Oil said that drilling of the first production well has started at the massive $4.5 billion Culzean gas development — the largest hydrocarbon discovery in the UK North Sea…

Shares of North Sea exploration firm EnQuest fell up to 5% on Thursday after it said its discussions to sell a 20% stake in the…

Oil and gas production in Scotland increased by 21.4% to around 70 million tonnes of oil equivalent in 2015-16 and accounted for 81% of the UK total, according…

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…

Orkney Islands Council has given a demolition company the opportunity to investigate the potential of Lyness near Scapa Flow as a potential as a base for North Sea…

Scotland had a public sector deficit of £14.8 billion for 2015-16 — about 9.5% of its gross domestic product (GDP) —   amid plummeting North Sea…

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”…

Aberdeen-based oil and gas services giant Wood Group said revenue fell 16.6% to £2.56 billion and profit fell 63% to £44.6 million in the six months to…

Shares of North Sea producer Premier Oil jumped 5% after it said it made a “significant” oil find in the Outer Moray Firth. Premier said the…

EnQuest, the largest UK independent producer in the UK North Sea, said it is holding discussions to sell up to 20% of the massive Kraken development east…

Aberdeen-based oil and gas services giant Wood Group said it has been awarded an extension to its master service agreement (MSA) contract with Apache Corporation…

Aberdeen-based oil and gas services giant Wood Group said it was sticking to the guidance of full year 2016 earnings before interest, taxes and amortization (EBITA) of…

North Sea exploration firm EnQuest has denied it is in any “company-specific discussions” with the UK Oil and Gas Authority (OGA) over contingency plans to tackle the risk…

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…

Scotland faces a third consecutive year of slowing GDP growth and the poorest year for economic growth since 2012, according to the latest report from the EY…

Aberdeen-based oil and gas services giant Wood Group has been awarded a three year contract extending its work with Shell’s eight UK Continental Shelf offshore assets,…

Aberdeen-based oil and gas engineering services company Plexus Holdings said it raised $5 million via a discounted issue of 6.76 million shares to Russian equipment manufacturer Gusar. Plexus said…

Average rents in Scotland’s private rented sector recorded a 2.1% year-on-year growth in the first quarter of 2016 to £767 per month, according to the latest Citylets quarterly…

Scottish GDP grew by 0.2% during the fourth quarter of 2015, according to statistics announced today by Scotland’s chief statistician. The latest Gross Domestic Product…

Ineos has announced that a second manufacturing unit at its Grangemouth KG ethylene plant has been brought back to life eight years after being mothballed. Ineos said it…

The Scottish Government has granted consent for the construction and operation of a gas fired combined heat and power (CHP) plant at BP Kinneil Terminal in…

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…

Aberdeen-based oil and gas services company Wood Group said on Tuesday it suffered a sharp decline in revenue and profit in 2015 as low oil prices and…

Aberdeen-based Wood Group PSN said it plans to reduce the rates paid to a third of its UK-based limited company contractors by an average of 9 per…

Forth Ports said it plans to make the “largest investment in the history of the Port of Dundee” by investing more than £10 million to create a new…

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…

Aberdeen-based energy services giant Wood Group has won a new contract with PetroRio to deliver services to the Polvo A platform in the southern Campos basin, about 100…

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

North Sea oil and gas doyen Ian Wood believes the next few years will be the industry’s toughest — with up to 10,000 job losses in…

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

Women in Scotland are starting and running new businesses at almost the same rate as men for the first time, while one in five entrepreneurs…

Edinburgh emerged as the leading UK destination for foreign direct investment (FDI) outside of London and the South East of England, according to the latest…

The Scottish economy is predicted to grow more in 2024 compared with last year, with real GVA expected to be 0.9% higher across 2024 —…

Scottish Enterprise said it is launching a new £35 million Manufacturing Property Challenge Programme for prospective developers of manufacturing property to create 1,000,000 sq.ft. of…

UK stock funds saw a record outflow of £1.8 billion during May, according to data published by the Investment Association (IA). The May outflows continue…

Mark Darbon has been appointed chief executive of The R&A and Secretary of The Royal and Ancient Golf Club of St Andrews. Darbon will succeed…

Springfield Properties announced that the first of 47 new homes in Drumnadrochit are due to go on sale this weekend following planning approval at appeal….

BrewDog co-founder and former CEO James Watt has revealed more details about his new brand building business, which is called Social Tip. “This new business…

The Highland Council has approved the onshore plans of the West of Orkney Windfarm – which is developing a major offshore wind project off Scotland’s…

SSE plc, the Perth-based electricity infrastructure giant, announced it is submitting an offshore planning consent application to Ireland’s planning authority An Bord Pleanála this week…

Chartered financial planning firm AAB Wealth announced the acquisition of Bishopbriggs-based Synergy Financial Planning. AAB Wealth said that following this latest acquisition, it will have assets under…

Baillie Gifford’s flagship investment trust, the £14 billion Scottish Mortgage fund, bounced back in the year to March 31, 2024, delivering a share price return…

Grant Thornton’s Scotland Limited report for 2024 shows that Scotland’s top 100 private limited companies make reported revenue of £40 billion, EBITDA of £7 billion and…

Scotland attracted its highest ever number of international visitors last year, according to the 2023 International Passenger Survey by the Office of National Statistics. There…

SSEN Transmission announced it has selected Sumitomo Electric Industries and its subsea cable installation partner Van Oord Offshore Wind UK as preferred bidder for the…

The University of Glasgow is to lead a consortium with support from the universities of Edinburgh, Sheffield, Stirling, Strathclyde, York and King’s College London to develop…

The “relentless negativity” about UK-focused equity funds was undiminished in April as outflows totalled £665 million, taking the cumulative withdrawal of capital to £21.3 billion…

Savills has reported that Central Scotland continues to see the strongest market activity in UK forestry transactions. However, the total value of the UK forestry investment…

The latest Deloitte-sponsored quarterly Economic Commentary from the Fraser of Allander Institute (FAI) at Strathclyde University shows that the Scottish economy “is likely to be recovering…