IOG’s Harvey licence worth £79m, report says
Independent Oil and Gas (IOG) has said that its wholly-owned Harvey licence in the North Sea could be worth £79million.
Independent Oil and Gas
IOG looks to up UKCS bid and include further prospect
Independent Oil and Gas (IOG) today revealed plans to drill an additional appraisal well on the UKCS.
IOG submits North Sea field development plan to the OGA, targets first gas
Independent Oil and Gas (IOG) confirmed it has submitted its field development plans (FID) for its Vulcan Satellites hub development to the Oil and Gas Authority (OGA).
IOG “vindicated”, confirms boost in North Sea reserves
Independent Oil and Gas (IOG) chief executive, Mark Routh, said the firm was "vindicated" after a new report boosted the firm's reserves potential in the Southern North Sea.
IOG says talks with Skipper creditors ‘progressing’ ahead of payback date
Independent Oil and Gas (IOG) said today talks with creditors over debts built up on a drilling campaign east of Shetland were “progressing” ahead of the payback deadline.
Schlumberger to help IOG with southern North Sea development plans
Independent Oil and Gas (IOG) said today that Schlumberger would help get its field development plans for two North Sea gas projects over the line.
IOG hands in Blythe field development plan, sending shares skyward
Independent Oil and Gas (IOG) has submitted the field development plan (FDP) for the Blythe Hub in the North Sea.
IOG hails licence win, prepares plans for key projects
Independent Oil and Gas (IOG) has hailed its latest licence win in the southern North Sea and said it is getting ready to submit plans for a number of projects.
IOG buys North Sea Pipeline from trio of players
Independent Oil and Gas (IOG) today snapped-up a critical piece in its Southern North Sea puzzle.
Independent Oil and Gas closing in on North Sea pipeline deal
Independent Oil and Gas (IOG) said today that it is “close” to wrapping up a deal for a disused southern North Sea pipeline which will carry all of the firm’s production back to shore from the basin.
Independent Oil and Gas strengthens board following departure of non-exec chairman
Independent Oil and Gas (IOG) has strengthened its board and senior management team with a string of new appointments.
IOG acquires disused North Sea pipeline
Independent Oil and Gas (IOG) has snapped-up a disused pipeline in the Southern North Sea (SNS).
Independent Oil & Gas revises up reserves held in southern North Sea licences
Independent Oil and Gas (IOG) said today that another 100 billion cubic feet (bcf) of gas had been detected across two of its southern North Sea licences.
IOG submits plan for North Sea’s Blythe discovery
Independent Oil and Gas (IOG) has submitted its field development plan (FDP) for the North Sea's Blythe discovery to the Oil and Gas Authority.
Opinion: The North Sea isn’t dying, just having a midlife crisis
Next year will mark 50 years since first gas at West Sole, the UK North Sea's first producing field. Since oil prices crashed in 2014, however, pessimism has descended upon the industry like a thick North Sea fog, obscuring five decades of achievement. The 2004-14 boom decade left a legacy of unsustainably high costs, followed by painful restructurings and even outright bankruptcies. UK production levels have fallen over 60% since the peak, investment levels and tax receipts even further, and 120,000 jobs have been lost. 2016 will be the fourth consecutive cash flow negative year, severely curtailing new exploration and development activity. Little wonder the North Sea is widely seen as a busted flush, condemned to a grim future of costly decommissioning.
Independent Oil and Gas issues 2.8m new shares
London-listed North Sea firm Independent Oil and Gas (IOG) today issued 2.8million new shares.
Independent Oil and Gas scraps Cronx licence plans, shares drop
Shares of Independent Oil and Gas (IOG) dropped this morning after the company said it had scrapped plans to buy the Cronx licence in the southern North Sea.
IOG’s North Sea appraisal well exceeds expectations
Independent Oil and Gas (IOG) has completed its first operated appraisal well on the North Sea's Skipper discovery.
Independent Oil and Gas appraisal drilling on North Sea Skipper field complete
Independent Oil and Gas (IOG) has drilled its North Sea Skipper field in the face of “operational challenges”.
New IOG chairman bullish on prospects for North Sea
The new chairman of Independent Oil and Gas (IOG) has said the company’s bold North Sea plans and UK energy sector’s response to the downturn had convinced him to take on the role. David Peattie, who is expected to help support IOG’s mergers and acquisitions strategy, said there were “all sorts of opportunities” in the UK North Sea. “There has been a positive response from the supply chain in terms of reduced costs, risk sharing and flexibility,” said Mr Peattie, who spent more than 30 years of his career at BP.
IOG confirms North Sea Skipper “spudding” and appoints industry heavyweight as new chairman
Independent Oil and Gas (IOG) today announced the appointment of a new chairman with a wealth of industry experience – and confirmed drilling of the North Sea Skipper discovery had started. David Peattie, whose career includes a 33 year spell at BP, will take over the chairmanship from chief executive Mark Routh, who had held the role on an interim basis. Mr Peattie held a number of senior positions at BP, and for a time ran the office of Lord Browne, the oil major’s former CEO.
IOG sets date for Skipper well, hails support from North Sea community
Independent Oil and Gas (IOG) has set a date to drill its Skipper appraisal well.
Independent Oil and Gas to kickstart North Sea drilling campaign
Independent Oil and Gas (IOG) is poised to kick-start its North Sea drilling campaign after getting the green light at is general meeting.
IOG completes acquisition of North Sea’s Blythe discovery
Independent Oil and Gas (IOG) has completed its acquisition of the Southern North Sea's Blythe discovery.
IOG says North Sea still profitable as it posts £5.3million profit for 2015
Independent Oil & Gas made a profit in 2015 and said it believes it can continue to make money in the North Sea with a lower oil price.