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…

SSEN Transmission said it has accepted a new five-year funding settlement from energy regulator Ofgem — securing a big programme of investment for grid upgrades…

SSE plc, the Perth-based electricity infrastructure giant, said on Wednesday that “momentum continues” behind delivery of its five-year, £33 billion investment plan, with a number…

SSEN Transmission said it has awarded one of the world’s leading cable manufacturers — Denmark’s NKT — €2 billlion worth of major contracts to manufacture…

Direct flights between Inverness and Dublin are set to return and with new airline partner Aer Lingus Regional, exclusively operated by Emerald Airlines. A new…

Finance Secretary Shona Robison said changes to the basic and intermediate rate income tax thresholds “will protect lower-income households in 2026-27” as she unveiled the…

The UK’s National Wealth Fund has announced an £800 million financial guarantee to support SSEN Transmission’s delivery of four major grid upgrade projects underway in…

Edinburg-headquartered cybersecurity company Quorum Cyber said it has made a series of appointments to its senior leadership team as it enters “a new phase of global expansion.”…

Scottish whisky giant William Grant & Sons has finally commented on the departure of its CEO Søren Hagh – a week after the event. Hagh previously…

Scotland’s Top 100 private companies employ 146,000 people and generate £40 billion in revenue, according to Grant Thornton’s Scotland Ltd 2025 report. “This year, we’ve seen…

STV Group plc announced the appointment of corporate veteran Clive Whiley as its new chairman as the Glasgow media firm revealed a first half loss before…

The UK investment management industry recorded 10% growth in assets under management (AUM) to reach a new peak of £10 trillion in 2024, according to…

Fund outflows from UK equities reached £964 million in June, according to the latest data published by the UK’s Investment Association (IA). These were the worst…

Highlands and Islands Enterprise (HIE) said it met or exceeded 18 of its 20 key targets during the 2024/25 financial year. Overall, HIE said it approved…

Scottish-headquartered UK law firm Shepherd and Wedderburn has reported a 10% increase in turnover to £78.3 million and a 20% rise in net profits to £36.1…

Johnnie Walker and Guinness giant Diageo announced on Wednesday that Debra Crew has stepped down as its chief executive officer and as a board Director after…

Edinburgh and Glasgow have both ranked inside the top 10 UK cities with the highest number of large corporate firms outside of London, according to…

Scotland’s Salmon farmers are preparing to tap into the lucrative Indian market — following agreement on a free trade deal that will slash tariffs on exports…

Glasgow-based whisky, gin and rum company Edrington — owner of The Macallan, Highland Park and The Glenrothes — said its core revenue fell 10% to…

The Scottish Government announced that a £4.4 million funding package developed to support island businesses affected by ferry disruption is now ready to accept applications….

Renewable energy firm Apatura has unveiled a plan to transform part of the former Ravenscraig steelworks into what could become one of the UK’s largest green…

Nottingham-based financial advice firm Wren Sterling, owned by New York-based Lightyear Capital LLC, said it has made a “statement acquisition” in Scotland with a deal to…

International visitors made a record 4.4 million trips to Scotland in 2024, clocking up 30.8 million nights and spending £3.9 billion. That’s according to the…

SSEN Transmission has welcomed the decision by the Scottish Government to approve its Section 37 consent application for the “Skye Reinforcement” — the replacement of…

The UK government said it has reached a “new agreement” with the European Union — a deal that covers fishing, defence, trade and energy. A…

Aberdeen-based NCIMB, a microbiology services provider and owner of the UK’s largest industrial, food and marine bacterial culture collection, has secured £1.7 million investment from…

Investors withdrew a net £1.19 billion from UK-focused funds in March, taking the total year-to-date withdrawals to £3.48 billion, the worst calendar quarter on record…