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…

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…

National Grid plc’s Electricity System Operator (ESO) has published a report called “Beyond 2030” which proposes a £58 billion investment in the British electricity grid…

The Scottish Government’s External Affairs Secretary Angus Robertson has published proposals for how an “outward-looking, independent Scotland” could play its part in “tackling global challenges.”…

Peel Ports Clydeport said it is set for a record year handling wind turbine components at its King George V Dock site in Glasgow as…

Abrdn’s £1.8 billion Murray International Trust net asset value (NAV) has posted a total return — with net income reinvested — of +8.6% for 2023. The…

Edinburgh-based green energy integrator Logan Energy said it has secured £5 million of investment to develop its systems-led approach in the emerging hydrogen power sector….

The total value of all private housing in Scotland has risen by £97.7 billion or 25% since 2019 before the pandemic to £481 billion in…

Edinburgh-based Carcinotech has raised £4.2 million as part of its latest funding round and has plans to expand into the United States later this year….

International tourism in Scotland is recovering at a stronger rate than other UK nations and regions, new figures from the UK’s Office of National Statistics…

Intelligent Growth Solutions Ltd (IGS), the Scotland-based agritech infrastructure business, has announced a Series C fundraise of £22.5 million to support significant global expansion as the…

Forres-based orbital launch services company Orbex announced the appointment of two tech and space sector stalwarts as the firm’s new CEO and executive chair. Entrepreneur and…

The first businesses on Fair Isle have been connected to full fibre almost two years ahead of schedule, the Scottish Government announced. A subsea fibre…

The UK’s Institute for Fiscal Studies (IFS) has said the Scottish Government’s “generous” provision of free university tuition and non-repayable bursaries will soon become “increasingly…

National Grid announced that Eastern Green Link 1 Ltd — which is creating a subsea transmission cable from Torness in East Lothian to County Durham in…

SSEN Transmission announced it will recruit 400 new employees across the north of Scotland in the next 12 months amid a £20 billion investment programme. SSEN…

A new report published by the Scottish Land Commission (SLC) shows the value of farmland in Scotland rose substantially between 2020 and 2022 — surging by…

Edinburgh fund management giant Baillie Gifford has revealed that 25% of the money the firm invests is now entrusted to it “by clients who wish…

The value of venture capital (VC) invested into Scotland’s start-ups rebounded significantly in the third quarter of 2023 due to a handful of high value…

XLCC, the high voltage direct current cable (HVDC) manufacturing company, said it has been awarded a £9 million grant by Scottish Enterprise to continue the…

National Galleries of Scotland announced the appointment of Anne Lyden as its new Director-General. Lyden was most recently Interim Co-Director of Collection and Research. She…

Total assets under management (AUM) at the world’s 500 largest asset managers amounted to $113.7 trillion at the end of 2022, according to new research…

Scotland’s First Minister Humza Yousaf has announced the transfer of the Clyde Mission regeneration programme to the Glasgow City Region as Scottish Government investment in…

Scotland’s Central Belt is experiencing above-average levels of research and innovation and business investment compared with the UK, with high levels of investment also seen…

Scottish SMEs are spending an estimated 35% of their overheads on international payment fees when using traditional banks, according to a survey by fintech firm Wise….

SSEN Transmission announced it has signed a joint venture agreement with the UK’s National Grid Electricity Transmission (NGET) to build a 2 gigawatt (GW) subsea…

Private real estate investment fund manager Henderson Park has acquired the Waldorf Astoria Caledonian Hotel Edinburgh for a reported £85 million. The five-star hotel in…

Scotland’s first two Investment Zones — Glasgow City Region and the North East — have been announced by the Scottish Government. Glasgow City Region and…

Glasgow-based drinks company Edrington — owner of Scotch whisky brands The Macallan, Highland Park and The Famous Grouse — announced it exceeding £1 billion in core revenue…

More than 3,200 new Scottish businesses were set up last month, according to new research from R3, the UK’s insolvency and restructuring trade body. R3’s…

The latest statistics from Scottish Development International (SDI) show that more than 8,500 jobs were created through inward investment in the 2022-2023 financial year. This…

Cable manufacturing company XLCC said North Ayrshire Council Planning Committee has granted full planning permission for its HVDC subsea cable manufacturing operations in Hunterston. The decision…

The Scottish Government’s External Affairs Secretary Angus Robertson has called on the UK Foreign Secretary James Cleverly to withdraw guidance and a letter sent to…

Scotland’s salmon sector has unveiled an ambitious European growth plan for its premium “Label Rouge” salmon to further enhance Scotland’s international reputation for food and…

Scottish tech businesses are planning a major employment drive as increased exports drive sales, according to new research from tech trade body ScotlandIS. However, Scotland’s…

Aberdeen-based clean energy firm Verlume has secured £7.2 million in funding — including £6.6 million from the Scottish National Investment Bank — to boost its expansion…

House prices across the UK fell 3.1% year-on-year in March in the largest annual decline since July 2009, according to Nationwide. All regions of the…

Scottish marketing and communications agency BIG Partnership has reported a strong start to 2023 with a raft of new client wins and an expansion of its…

Scottish salmon was the UK’s biggest food export in 2022, despite the volume of fish transported overseas falling 26%, new HMRC figures have revealed. Sales of…