IOG hit out at the government’s energy profits levy in its annual results, in which it reported a loss following a raft of delays and production issues across its Saturn Banks project.
The Noble Hans Deul jack-up has spudded a new well in the southern North Sea and will spend the next three months drilling IOG’s Blythe H2.
A 50:50 joint venture of IOG (LON: IOG) and CalEnergy Resources (CER) has sanctioned the Blythe H2 well in the Southern North Sea.
IOG has suspended operations at its A2 well on the Southwark field after remediation work failed to boost production rates, prompting another fall in its stock price.
IOG (AIM:IOG) has encountered further setbacks at its Southwark field as low flow rates and produced water volumes slow progress.
North Sea operator IOG (LON: IOG) has confirmed that first gas from its troubled Southwark field in the Southern North Sea is nigh.
Production has been restarted from IOG’s (AIM: IOG) Blythe and Elgood field, two-thirds of the wider Saturn Banks project.
Several independent North Sea producers saw their share prices drop after the chancellor’s windfall tax announcement - lending credence to claims they are harder hit than oil majors by the policy.
Subsea 7 (OL: SUBC) has indicated it is nearly complete on its UK contract for the Shell Penguins project.
A North Sea firm has asked Jeremy Hunt to provide a “small fields allowance” in the windfall tax, reinstating legislation from George Osborne’s era in the Treasury.
IOG (AIM: IOG.L) is looking to deal with recent setbacks to Southwark with hydraulic stimulation operations expected next week for the A2 well.
IOG (AIM:IOG) has announced sweeping changes to its board and executive team including the departure of chief executive Andrew Hockey, following another cut to its production guidance and long-running drilling delays.
IOG (AIM:IOG) has again cut its production guidance and will now suspend one of its Southwark wells to deliver first gas on schedule, after fluid losses slow drilling efforts.
IOG (LON: IOG) has released its first set of profits following the start up of its Saturn Banks project in the North Sea.
As of 25 July, Westwood Global Energy reports that there are three exploration wells active, with two in the CNS and one in the NNS.
Gas firm Cornerstone Resources, backed by the former CEOs of IOG and Ithaca Energy, is targeting a “massive opportunity” in the southern North Sea as it solidifies its position in the region.
Production from IOG’s flagship North Sea project has been partially restored after issues with the two onshore compressors cropped up.
IOG has again been forced to shut in its key Saturn Banks assets, this time to address onshore compressor issues linked to condensate production.
Senior figures in the energy industry have underlined the need for a “stable regime” ahead of a key vote in Westminster today.
IOG says output from the two producing fields in its Saturn Banks project is now stabilising, following a series of outages since first gas in mid-March.
Production has restarted at a North Sea field after a temporary solution was found to a chemical injection fault.
North sea firm IOG is working to restore production from one of the fields that makes up its flagship Saturn Banks scheme.
An outfit of North Sea experts is seeking to sell off discoveries which it says ConocoPhillips should “never have relinquished”.
A North Sea operator is targeting "first gas” from its third field this year as a problematic project gets back on track.
Posting its full-year results for 2021 just days after reaching first gas from its Saturn Banks project, IOG looks to ‘exciting’ growth plans.