Category: News

Ithaca Energy reported record quarterly production of 131 kboe/d in the second quarter of 2026 and said the Rosebank field is entering the final stages of execution, with the Operator narrowing the first production window to the first half of 2027 and ramp-up to plateau levels expected from summer 2027, subject to regulatory approval. The […]

EQ Chartered Accountants, the Dundee-headquartered Scottish hub of the Sumer Group, has merged with Inverness and Livingston-based Innes & Partners, extending its footprint into the north of Scotland and adding a 20-strong team. The deal, announced on 21 August 2026, lifts EQ’s headcount by 7% from 290 to 310. That compares with 140 staff when […]

The Scottish National Investment Bank recorded a net loss of £138 million for the year to 31 March 2026, its largest since launching in November 2020 and its fifth consecutive full-year loss. The result combines £65.1 million of realised losses from three early investments that collapsed into administration with £84.7 million of unrealised losses, driven […]

Around 410 staff are being retained while administrators seek a buyer for Strathmore Hotels, the East Kilbride-based group that collapsed on 11 August owning eight hotels, six of them in Scottish tourism towns. Interpath’s Alistair McAlinden and James Dewar took the appointment over Strathmore Hotels Limited, which had been under sustained creditor pressure for several […]

The number of Scottish companies entering formal insolvency fell to 83 in July, 28% fewer than in the same month of 2025, according to figures published on 18 August by the Insolvency Service. Creditors’ voluntary liquidations, where directors decide to wind a company up rather than wait for a creditor to force the issue, accounted […]

Kenoteq, the Scottish company behind a brick made almost entirely from construction waste, has taken in just under £900,000 as the first tranche of a £2m fundraise, and will spend it on production capacity. Kelvin Capital led. The Scottish Enterprise Co-Investment Fund also took part, as did several existing shareholders who increased their stakes. The […]

Dundee will have no scheduled air services from 24 October after Loganair confirmed it is closing its base at the airport and withdrawing from all three of its routes. Loganair is the only airline serving Dundee, so the withdrawal leaves the airport handling private flights alone unless a replacement operator is found. Unite said around […]

Ferguson Marine has opened formal consultation on up to 70 voluntary redundancies at its Port Glasgow yard, close to a quarter of a workforce of 283 that includes 34 apprentices. The state-owned shipyard, the last commercial yard on the Clyde, said the cuts reflect a workload gap as MV Glen Rosa nears delivery in the […]

Interocean Group has formed a joint venture with Baku-based Green Line Shipping to expand its operations in Azerbaijan and the wider Caspian region. The vehicle is being set up by Interocean Energy Services FZCO, an Interocean Group company, together with Green Line Shipping LLC in Baku. Interocean describes it as a strategic step in the […]

Rig and well control equipment assurance specialist ModuSpec has secured several projects valued at around $750,000 to support clients with the intake and acceptance of deepwater drillships. The work covers five rigs: two drillships currently operating in the US Gulf of Mexico and three in the Mediterranean, all being assessed for potential future deployment in […]