The 1990s were a brutal time in the North Sea, with the oil & gas industry largely pre-occupied with trying to recover from the 1986 global price crash and culminating with the second crash, the slide for which began in 1997 and bottomed out late 1998/early 1999.
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).
Independent Oil and Gas (IOG) today confirmed oil skimming the $30 mark  has forced it to delay drilling the appraisal well for its North Sea Skipper licence.