Shares in the Aberdeen-based company eased downward 1.4% in early trading on the news.
In June 2008, Ramco’s board of directors laid out a strategy to focus on what they believed would be the two most “significant energy stories” of the next three decades: renewables, and the opening of Iraqi oil fields to western developers.
However, the calculus has been changed in recent months, with Ramco subsidiary SeaEnergy having been awarded several major offshore wind concessions in Scottish waters.
