Ross McKenzie, Addleshaw Goddard partner in Aberdeen.
Partners in law firm Addleshaw Goddard are toasting a 23% increase in their share of annual profits during the year to April 30.
Profits per equity partner came in at £849,00o, up from £690,000 in the previous 12 months as Addleshaw Goddard – which in Scotland has offices in Aberdeen, Edinburgh and Glasgow – saw global revenue grow by 12% to £321 million.
The firm reported total distributable profits of £136m, representing a margin of 42%, continuing the upward trajectory seen over the past eight years.
Our teams continue to come together really well, despite being physically apart for so much of the last 18 months.”
Serica successfully test-flows UK Columbus well
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North Sea oil and gas fields bought by private groups
Tailwind, a private oil producer backed by commodity trader Mercuria, has agreed to buy BP’s stake in the Shearwater oilfield in the British North Sea, it said on Monday.
The British North Sea has been undergoing a changing of the guard with oil majors selling oil and gas fields to private equity-owned groups.
The new owners say they can squeeze out more and cheaper barrels from North Sea fields than big companies, making faster decisions and specialising in North Sea extraction.
Here is a list of recent deals:
Deals in 2016