A leading oil and gas expert said an Initial Public Offering (IPO) by Saudi Aramco could potentially be the largest on record.
Trap Oil said today it was acquiring a 15% stake in the North Sea Athena development from Dyas UK for £34.5million, in the "game-changing" deal it had chased since the firm floated nearly a year ago.
US-based private equity company Riverstone Holdings is reportedly looking to buy up to half of Aberdeen-based Fairfield Energy and use it as a vehicle for creating a new North Sea oil firm.
Scottish gas service firm Smart Metering Systems said yesterday it was confident of further growth after profits more than doubled.
Scottish oil and gas firm Cairn Energy is ready to reap the rewards from an unexplored area with "transformational exploration potential", chief executive Sir Bill Gammell said yesterday.