The UK’s Oil and Gas Authority (OGA) has launched the 30th Offshore Licensing Round with 813 blocks or part blocks on offer in mature areas…

Aberdeen-based oil and gas services giant Wood Group said it was awarded a new contract by Maersk to deliver mechanical and management services for the…

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…

Grangemouth refinery operator Ineos said it agreed to acquire the Dong Oil & Gas Business from Dong Energy for up to $1.3 billion. Ineos said the deal would position…

Aberdeen-based oil and gas services giant Wood Group on Wednesday increased its presence in the automotive hub of Detroit by acquiring CEC Controls for $59 million. And late on…

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…

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…

Aberdeen-based oil and gas services giant Wood Group — currently in the process of buying rival firm Amec Foster Wheeler for about £2.2 billion — said on Wednesday its…

Scottish gross domestic product (GDP) grew 0.4% over the year of 2016 but contracted 0.2% in the fourth quarter compared to the previous three months, according to Scotland’s…

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…

Grangemouth refinery operator Ineos said it agreed to acquire the important Forties Pipeline System (FPS) and associated pipelines and facilities in the North Sea from BP…

Aberdeen-based Wood Group said it was awarded a $50 million contract with Premier Oil to deliver topside operations and maintenance services to the Balmoral floating production…

The UK’s Oil and Gas Authority (OGA) said it awarded 25 licences to 17 companies in the 29th Offshore Licensing Round to enable further exploration and production…

North Sea exploration firm EnQuest, which recently went through a complex financial restructuring, said on Tuesday its 2016 gross profit rose 13.22% to $196.1 million despite…

Petrochemicals group Ineos is in discussions with BP to buy the important Forties Pipeline System in the North Sea, according to news reports. Ineos depends…

The overall annual turnover of the UK’s oilfield services (OFS) industry fell from £40.6 billion in 2014 to £35.7 billion in 2015, according to a new…

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…

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…