Grangemouth refinery operator Ineos said on Monday it will invest $2 billion to build three plants that would form part of petrochemical complex being developed…

Edinburgh-based international oil and gas exploration and production company Cairn Energy said on Friday at its AGM that it will target more than 800 million…

Edinburgh-based oil and gas company Cairn Energy on Tuesday reported a $1.2 billion pre-tax loss on continuing operations amid non-cash writedowns connected to a long-running…

Ineos said on Wednesday it will invest £1 billion in the UK, including £500 million in the Forties Pipeline System to prolong the life of…

UPDATE 3 — Norwegian oil and gas company DNO on Wednesday looked set to win control of Aberdeen-based Faroe Petroleum a day after raising its…

Aberdeen-based Faroe Petroleum — which has rejected a hostile £610 million cash takeover bid from Norwegian oil and gas company DNO — on Wednesday published “an independent current valuation…

Aberdeen-based Faroe Petroleum on Thursday issued a circular rejecting a hostile £610 million cash takeover bid from Norwegian oil and gas company DNO. Faroe operates in the…

North Sea exploration firm EnQuest said on Monday it completed the acquisition of the remaining 75% interest in the Magnus oil field, an additional 9 % interest…

Aberdeen-based Faroe Petroleum on Tuesday urged its shareholders to reject a £608 million hostile bid from Norwegian oil and gas company DNO, saying the offer “is opportunistic and…

UPDATE 3 — Aberdeen-based Faroe Petroleum on Monday urged shareholders to “take no action” in response to a £608 million hostile bid for Faroe from Norwegian…

Producers of Scottish salmon, the UK’s largest food export, said on Friday they are seeking reassurances that the draft Brexit deal will not link fishing…

BP on Friday announced the first oil production from the giant Clair Ridge project in the West of Shetland region. BP’s co-venturers are Shell, Chevron…

The UK government said the Scottish government will benefit from nearly £1 billion of additional funding as a result of this year’s UK budget. Scotland will…

BP said on Monday it received approval from the UK’s Oil and Gas Authority (OGA) to proceed with the Alligin development west of Shetland, which…

Aberdeen-based Faroe Petroleum had a “constructive” meeting with Norwegian oil and gas company DNO last week, Faroe’s chief executive said on Tuesday, amid expectations that…

The Scottish Government said on Wednesday that Scotland’s public sector finances “are continuing to improve” — with total public sector revenue reaching £60 billion for…

The UK’s Oil and Gas Authority (OGA) has launched the 31st Offshore Licensing Round — offering blocks in “frontier areas” of the UK Continental Shelf (UKCS)…

BP said on Wednesday it will significantly increase its holding in the giant Clair field, 47 miles west of Shetland. “BP has entered into an agreement to…

Shares of Edinburgh-based international oil and gas company Cairn Energy rose about 3% after the firm made a bullish statement at its AGM. Cairn CEO…

Aberdeen Standard Investments said its infrastructure team has made a second investment in a gas pipeline and processing system. The team has acquired the InfraVia…

North Sea oilfields connected to the Brent oil pipeline have stopped production due to a shutdown at Shetland’s Sullom Voe oil terminal to fix a “minor…

Shares of Aberdeen-based Faroe Petroleum, the independent oil and gas company, rose about 12% on Wednesday after it announced “significant discoveries” in the Hades and Iris prospects…

The crucial Forties oil and gas pipeline in the North Sea was shut for a second time in two months on Wednesday. The latest shutdown…

A record number of people used Highlands and Islands Airports Ltd (HIAL) airports in 2017, with the group reporting 1,722,913 journeys during the year. The…

Aberdeen corporate finance expert Tom Faichnie has predicted the Granite City will experience a surge in merger and acquisition deal activity in 2018. Faichnie, managing…

Grangemouth refinery operator Ineos said it has partially re-started its Kinneil facility following the dramatic shut down of its crucial North Sea Forties Pipeline and the Kinneil…

Grangemouth refinery operator Ineos said on Christmas Day that it expects to bring its crucial North Sea Forties Pipeline and its Kinneil facility “progressively back to…

Ineos has declared force majeure on all shipments of crude oil, natural gas and condensates through its North Sea Forties Pipeline System that has shut…

Trade body Oil & Gas UK said the shutdown by Ineos of its North Sea Forties Pipeline System has caused “significant issues” for the industry and that…

Trade group Scottish Engineering said in its latest Quarterly Review that Scotland’s engineering sector continues to report increased orders and output despite the political uncertainty…

Aberdeen-based oil and gas services giant Wood Group said it commenced a multi-million dollar contract to act as operating partner of the Scottish Area Gas…

Grangemouth refinery operator Ineos said it completed the acquisition of the North Sea Forties Pipeline System (FPS) and Kinneil Terminal from BP. “The completion of the…

The UK Government’s Scottish Secretary David Mundell confirmed in the House of Commons that the new Scottish Business Taskforce of economic and business leaders will meet…

The Scottish Government announced that it “will not support the development of unconventional oil and gas in Scotland” — meaning there is an “effective ban”…

The approximate sales value of oil and gas produced in Scotland for the financial year 2016-17 rose 15.2% to £17.5 billion, according to new figures from Scotland’s…

The UK’s Competition and Markets Authority (CMA) said it has accepted proposals to resolve competition concerns regarding the £2.2 billion purchase of Amec Foster Wheeler by Aberdeen-based…

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…