Aberdeen-based Xcite Energy said yesterday it had drawn down £2.12million on its equity funding agreement with venture-capital firm Esousa Holdings. Esousa has taken nearly 1.9million shares in Xcite as a result of the funding, which the oil and gas explorer said it would use as future working capital and to progress towards first oil from its Bentley North Sea field.
Fresh worries about the eurozone debt crisis and the UK economy meant London's blue chip shares index struggled to make significant gains today.
Fresh evidence that US policymakers will resist the urge to provide more emergency support and ongoing fears over the eurozone caused a 2% drop on London's leading shares index today.
London's main market saw gains of nearly 2% today after better-than-expected US manufacturing data revived hopes for the world's biggest economy.
Aberdeen energy firm First Oil, owned by north-east businessman Ian Suttie, is one of nine Scottish businesses on a new list of the UK's 100 fastest-growing private companies.
Fledgling oil and gas independent Parkmead Group will drill its first well in the North Sea within weeks.
Since the leak was announced, Total's share price has dropped from more than £34 to a low of £30.87 on Thursday before strengthening to £31.68.
An agreement to boost the eurozone bailout fund lifted London's leading shares index today and helped it finish the first quarter of 2012 with gains of 3.5%.
Antrim Energy said yesterday it would sell its Argentina business to focus on its UK operations.
North Sea oil firm Ithaca Energy said yesterday it was still in discussions with parties interested in acquiring it.
Disappointing US growth figures and fears over the future of the eurozone saw London's leading shares index fall 1% for the second day in a row.
Aberdeen-based energy service firm Read Well Services has been split into two sister companies.
Fresh fears of a slowdown in the world's biggest economy triggered a sell-off that wiped 1% off London's leading shares index today.
North Sea explorer Valiant Petroleum said today it more than doubled profits last year.
Royal Bank of Scotland shares were boosted by reports the UK Government could sell some of its stake today, but fresh global economic fears meant the FTSE 100 Index lost ground.
Cameroon-focused Scottish oil and gas explorer Bowleven said yesterday production could start at its west African discoveries in 2015.
Hope that more stimulus measures would be ordered to boost the world's biggest economy helped lift London's leading shares index through the 5,900 mark today.
Aberdeen was the only major city in the UK to grow its economy during the recession, according to a report published today.
BP has reportedly put nearly £2billion of North Sea assets on the market after the chancellor's Budget last week.
Aberdeen businesses, whether they are concerned with oil and gas or other industries, are not immune from the global economic challenges faced by UK banks and other financial investors.
BT shares rallied today after it made progress in tackling its pension scheme deficit, but fears about the global recovery continued to weigh on London's leading shares index.
Aberdeen-based oil and gas explorer Xcite Energy has moved back into the black, thanks to gains on foreign-exchange rates.
North Sea oil firm Deo Petroleum said yesterday an extension to small field allowances delivered by Wednesday's Budget would save it about £25million in taxes.
The FTSE 100 Index was 46.3 points lower at 5,845.7 today, a fall of nearly 1%, after manufacturing figures in both China and the eurozone came in below expectations.
Wednesday's UK Budget should be welcome news to an industry which took a massive knock in 2011 but is starting to get back on its feet.