North Sea operator IOG to enter administration
IOG (AIM: IOG) will be placed into administration as the troubled North Sea operator is overcome with debt and operational issues.
Saturn Banks
More challenges as North Sea driller IOG faces administration fears
Troubled IOG has key licence extensions blocked by NSTA as it risks administration over impending interest payments.
‘Brief respite’ for IOG as waiver deal staves off administration fears
Bondholders of troubled gas producer IOG (AIM:IOG) have granted the company more time to address challenges with its balance sheet.
IOG cancels North Sea rig contract and suspends drilling amid ‘key’ cash priorities
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.
‘One of the world’s most punitive regimes’: IOG hits out at windfall tax in ‘disappointing’ results
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.
IOG to resume gas sales after production restart at troubled 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 moves to deal with Southwark set backs
IOG (AIM: IOG.L) is looking to deal with recent setbacks to Southwark with hydraulic stimulation operations expected next week for the A2 well.
Hockey out as IOG makes sweeping changes after further Southwark setbacks
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 cuts guidance again as fluid losses plague Southwark drilling
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 makes production cut as North Sea firm delivers first profits
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 Saturn Banks field partially restored after compressor fault
Production from IOG’s flagship North Sea project has been partially restored after issues with the two onshore compressors cropped up.
IOG reports ‘stabilising’ production at Saturn Banks
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.
North Sea operator targets third ‘first gas’ this year
A North Sea operator is targeting "first gas” from its third field this year as a problematic project gets back on track.
North Sea operator hails second ‘first gas’ in a week
A North Sea operator has hailed “first gas” for its second field in a week.
First gas – Done. What next for Saturn Banks developer IOG?
Having reached first gas from the Phase One of its flagship Saturn Banks project, what’s next for gas-focused independent IOG?
First gas as flagship new North Sea project finally brought online
A flagship North Sea project has finally achieved first gas after being beset by a series of delays.
IOG to sell Saturn Banks gas to BP after axing Gazprom deal
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.
30 Seconds to Saturn: Flagship IOG project go for launch
“It's been a tough journey but we're very, very close now,” IOG chief executive Andrew Hockey reflects.
Storm Eunice blows back first gas for IOG and Perenco
Storm Eunice has hampered efforts by Perenco and IOG to get the latter's flagship North Sea project to first gas.
IOG and Perenco dealing with ‘frustrating’ slow progress on flagship project 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.
‘Rig stability’ concern forces IOG to stop drilling on Southwark North Sea project
A concern over “rig stability” has forced IOG to halt drilling on its Southwark project in the North Sea.
ROV faults delay spudding of IOG’s Southwark development well
North Sea operator IOG is to spud the Southwark development well in the “coming days” after missing its previous target.
Work halted on flagship IOG project after ‘issue’ with oil rig leg
Work has been stopped at the flagship North Sea project of IOG after an “issue” was uncovered on the leg of an oil rig.