IOG (AIM: IOG) will be placed into administration as the troubled North Sea operator is overcome with debt and operational issues.
Troubled IOG has key licence extensions blocked by NSTA as it risks administration over impending interest payments.
Bondholders of troubled gas producer IOG (AIM:IOG) have granted the company more time to address challenges with its balance sheet.
Beleaguered North Sea operator IOG (LON: IOG) has cancelled a rig contract and suspended drilling plans in order to focus on rebuilding its balance sheet.
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.
Production has been restarted from IOG’s (AIM: IOG) Blythe and Elgood field, two-thirds of the wider Saturn Banks project.
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.
Production from IOG’s flagship North Sea project has been partially restored after issues with the two onshore compressors cropped up.
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.
A North Sea operator is targeting "first gas” from its third field this year as a problematic project gets back on track.
A North Sea operator has hailed “first gas” for its second field in a week.
Having reached first gas from the Phase One of its flagship Saturn Banks project, what’s next for gas-focused independent IOG?
A flagship North Sea project has finally achieved first gas after being beset by a series of delays.
Just over a week after IOG cancelled a contract to sell gas to Russian giant Gazprom, the North Sea operator has found a new buyer.
“It's been a tough journey but we're very, very close now,” IOG chief executive Andrew Hockey reflects.
Storm Eunice has hampered efforts by Perenco and IOG to get the latter's flagship North Sea project to first gas.
IOG said it is working closely with Bacton Terminal operator Perenco to deal with “frustrating” slow progress towards delivering first gas from its Saturn Banks project.
A concern over “rig stability” has forced IOG to halt drilling on its Southwark project in the North Sea.
North Sea operator IOG is to spud the Southwark development well in the “coming days” after missing its previous target.
Work has been stopped at the flagship North Sea project of IOG after an “issue” was uncovered on the leg of an oil rig.