Scots employment ‘highest on record’
Scotland’s employment rate increased to 74.8% in the third quarter of 2015 — outperforming the UK — and the Scottish employment level of 2.636 million was…
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Total, others to ‘invest £690m west of Shetland’
French energy firm Total and its partners will invest £690 million in operational expenditure west of Shetland over the next 10 years following the start-up of the…
Harris Tweed Authority granted coat of arms
The Harris Tweed Authority said it “has received the ultimate seal of approval” from Lord Lyon King of Arms, Dr. Joseph Morrow QC, who has…
Total Starts Gas Production West of Shetland
French energy firm Total said it has started production from the Laggan-Tormore gas fields in the West of Shetland area. The fields are expected to supply up to…
Rippon new chief at Worldwide Cancer Research
St Andrews-based Worldwide Cancer Research said it has appointed Dr Helen Rippon as its chief executive to succeed Norman Barrett, who is retiring after eight years with the organization. Previously director…
Faroe makes progress despite oil gloom
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…
Plexus shares down 40% after profit warning
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…
Challenger banks get help from regulators
The UK’s Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA) on Wednesday launched their New Bank Start-up Unit aimed at encouraging new “challenger banks” to…
Scots employment ‘highest on record’
Latest figures show the highest employment level for Scotland since records began in 1992, taking the number of Scots in work to 2,631,000, according to…
BP to cut 600 North Sea jobs by 2017
Oil and gas giant BP is to cut its North Sea workforce by 20% by 2017 — about 600 jobs — as part of a global…
First rise in oil & gas production for 15 years
Oil & Gas UK chief executive Deirdre Michie (pictured) has welcomed the first rise in UK oil and gas production for more than 15 years —…
Scotch no longer on rocks; exports hit £1.7bn
Scotch Whisky exports totalled £1.7 billion in the first half of 2015 as the decline of recent years slowed significantly. Scotch exports to Brazil, India and Russia…
Statoil delays start of massive Mariner field
Statoil said on Wednesday it will delay the start up of the $7 billion Mariner field in the North Sea — the biggest field development…
Go ahead for North Sea’s largest field in decade
The development of the largest new field discovered in the UK North Sea for 10 years has been approved by the UK Oil & Gas Authority….