The Scottish Irish Finance Initiative (SIFI) will this week step up its efforts to strengthen collaboration between financial companies in Scotland and Ireland as Scottish Government Minister…

The Scottish government’s constitutional relations secretary Michael Russell said on Thursday that short of remaining in the EU, staying in the European Single Market and…

Shell UK Limited said on Wednesday it made a final investment decision (FID) to invest in the Arran gas and condensate field in the UK…

Operating expenditure (OPEX) and unit cost per barrel of oil equivalent in the UK Continental Shelf (UKCS) remained steady in 2017 against a stronger oil…

BP said on Thursday that approval has been received from the UK Oil and Gas Authority (OGA) to proceed with the £200 million Vorlich development…

Securing a smooth Brexit transition is “vital” to protect Scotland’s growing economy – even if that means extending the Article 50 negotiation period – according…

Aberdeen-based Verus Petroleum said it agreed to acquire Cieco Exploration & Production (UK) Limited, a subsidiary of Japanese commodity trading house Itochu Corporation, in a deal…

Edinburgh-based investment giant Standard Life Aberdeen late on Friday announced the completion of the sale of Standard Life Assurance Limited to Phoenix Group Holdings for a…

Barclays on Monday announced plans to develop a new campus at Buchanan Wharf in Glasgow city centre, creating up to 2,500 jobs, which will provide…

BP said on Wednesday that one of the North Sea’s most important developments — the Eastern Trough Area Project (ETAP) — will continue to produce…

Scottish law firm Brodies LLP said revenues grew to £68.59 million in its financial year to April 30, 2018, from £66.68 million in 2016-17. Brodies…

France’s Total is preparing to sell about a third of its stake in the Laggan Tormore gas field west of Shetland along with other oil…

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…

Royal Dutch Shell plc has given the go-ahead for a major investment in the Fram gas and condensate field in the UK North Sea. “This…

Glasgow-based drinks company Edrington — owner of Scotch whisky brands The Macallan, Highland Park and The Famous Grouse — said its core revenues rose 7% to £706.7 million…

The UK’s Oil and Gas Authority (OGA) said on Wednesday it has offered for award 123 licences over 229 blocks or part-blocks to 61 companies…

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…

The UK leads the planned projects count in the North Sea to 2025, according to a new report from data and analytics company GlobalData. A…

The UK’s Oil and Gas Authority said production efficiency (PE) on the UK Continental Shelf has risen for a fifth consecutive year — increasing to 74% in 2017….

More travellers than ever before used the 11 airports of Highlands and Islands Airports Ltd (HIAL) in the financial year 2017-2018. Latest airport passenger figures from…

BP announced that it has committed to two new North Sea developments which are expected to produce 30,000 barrels gross of oil equivalent a day…

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…

Apache Corporation announced a “significant oil discovery” at the Garten prospect in the UK sector of the North Sea that could recover more than 10 million…

A new report from trade group Oil & Gas UK said that more new North Sea investment is expected in 2018 than the last three…

Aberdeen-based oil and engineering giant Wood plc said it won a new contract to develop the world’s largest crude oil to chemicals project for Saudi…

Global consultants Wood Mackenzie and the Aberdeen-based Oil & Gas Technology Centre announced that developing new subsea technology and approaches could help unlock 400 million additional barrels…

The value of Scotch Whisky exports rose 8.9% to a record £4.36 billion in 2017 — the equivalent of 1.23 billion bottles — according to…

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…

The North Sea oil and gas industry will deliver about £1 billion in tax to the UK Treasury this financial year, according to latest estimates….

Virgin Hotels, the luxury lifestyle hotel brand by Virgin Group founder Richard Branson, has announced plans to open a hotel in Edinburgh. Expected to open…

BP has announced two new exploration discoveries in the North Sea that it said will help it double its production to 200,000 barrels a day by…

Scotland’s international exports — excluding oil and gas — increased by 1.6% to £29.8 billion in 2016, according to Scotland’s chief statistician. However exports to the…

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…

Royal Dutch Shell plc has made one of its biggest commitments to the UK North Sea in 30 years, with plans to redevelop the Penguins oil…

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…

Shares of North Sea producer Premier Oil jumped 5% after it said it achieved first oil from the Catcher field, 174 km off the coast of Aberdeen….

Swedish space tech company ÅAC Microtec AB announced a share sale and purchase agreement to acquire 100% of the shares in Glasgow-based small satellite maker…

Merger and acquisition (M&A) activity on the UK Continental Shelf (UKCS) has exceeded $8 billion this year “in a clear sign that confidence is gradually…

UPDATE 2 — Oil and gas prices soared after Ineos said on Monday it will shut down its Forties Pipeline System, which delivers almost 40% of the…

Trade body Oil & Gas UK welcomed the announcement in the UK Budget that Scotland’s oil and gas industry will benefit from the introduction of a Transferable…

Trade body Oil & Gas UK said the latest oil and gas exploration licence round is a vote of confidence in the UK Continental Shelf. The UK’s Oil…

BP said it agreed to sell a package of its interests in the Bruce assets in the North Sea to Serica Energy plc for up…

Edinburgh remains the most attractive hotel investment destination in the UK outside of London for the fourth year in a row, according to Deloitte’s latest…

Latest quarterly statistics show that the employment rate in Scotland remained unchanged at 75.2% — a near record high and just above the UK average…

The UK Supreme Court has ruled that minimum unit pricing for alcohol, passed by the Scottish Parliament in 2012, can now proceed. The Supreme Court…

Industry trade association Oil & Gas UK hailed two big North Sea deals completed within the past 24 hours as “hugely significant” that point to…

Shell said it completed the sale of a package of UK North Sea assets to independent firm Chrysaor for up to $3.8 billion. Harbour Energy,…

The UK’s petroleum reserves remain at a “significant level” which could sustain production for at least the next 20 years — and beyond that if…

Scotland’s unemployment rate rose 0.3% to 4.1% in the June to August quarter — but is still below the UK rate of 4.3%. The number of…

Scottish regional airport operator Highlands and Islands Airports Limited (HIAL) said Lorna Jack, chief executive of the Law Society of Scotland, will become its interim…

New exploration in the North Sea will be supported by a £5 million UK government fund for 2018-19, Chancellor Philip Hammond announced during a visit…

Almost $6 billion worth of mergers and acquisition deals have taken place in the UK oil and gas sector in the first half of the…

The UK North Sea is on track for the biggest year of oil and gas field startups in a decade, according to data from Edinburgh-based…

Inverness Airport saw a 23.5% increase in passenger numbers in the last financial year – up to 829,018 during 2016-17. Inverness recorded the highest monthly…

New research by VisitScotland has revealed that walking tourism generates up to £1.26 billion for the Scottish economy. The research found that in 2015, four…

The UK’s Competition and Markets Authority (CMA) said it has found that Wood Group’s purchase of Amec Foster Wheeler “gives rise to competition concerns.” The CMA said…

About 61% of Scottish businesses want the UK to stay in the European single market and the customs union after Brexit, according to a survey…

The Scottish Government has announced plans to accelerate the growth of Scotland’s fruit and vegetables sector with the launch of a new industry group. The…

Scotland’s food and drink exports increased by more than 11% to £1.2 billion in the first quarter of this year, compared with the same period…

Aberdeen-based oil and gas services giant Wood Group said it was awarded a new industrial services contract by BAE Systems Submarines. Effective immediately, the two-year contract…

A High Court judge in London on Wednesday called off the trial due to begin in the long-running investor lawsuit against Royal Bank of Scotland over its 2008…

UPDATE 3 — The RBoS Shareholder Action Group, which alleges investors were misled by Royal Bank of Scotland over its £12 billion rights issue in…

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…

The civil trial involving Royal Bank of Scotland and a group of investors over a £12 billion rights issue by RBS in 2008 has been adjourned by a…