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.
Noble Hans Deul
Shelf Drilling rig spuds next UK North Sea target
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.
Update: IOG shares plummet on further Southwark delays
IOG (AIM:IOG) has encountered further setbacks at its Southwark field as low flow rates and produced water volumes slow progress.
Rig sale offers “clear-cut” resolution to Noble-Maersk merger concerns, CMA says
The UK’s Competition and Markets Authority (CMA) says the sale of several Noble rigs to a new unit of Shelf Drilling should clear the way for its proposed merger with Maersk Drilling.
Noble and Maersk sell North Sea rigs in $375m deal, paving way for merger
Noble Corporation (NYSE: NBL) and Maersk Drilling (CPH: DRLCO) have signed a $375m deal to sell-off several North Sea rigs to Shelf Drilling, in a move which could address competition concerns.
Noble and Maersk Drilling to sell off several North Sea rigs to overcome merger hurdles
Maersk Drilling and Noble Drilling are preparing to sell a series of oil rigs, currently stationed in the North Sea, in order to get over competition hurdles.
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.
‘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.
IOG spuds Southwark well following delays
North sea operator IOG has successfully spudded the first development well at its Southwark field, following delays caused by technical issues with an underwater remotely operated vehicle earlier this week.
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.
Flagship IOG project back on track for first gas after repairs to damaged oil rig
Work is due to resume shortly on IOG’s (LON: IOG) flagship North Sea project after repairs were successfully carried out on an oil rig.
Investigation after rescue ship ‘made contact’ with Noble rig leg at IOG field
An investigation is underway after a rescue ship "made contact" with a Noble Corporation oil rig leg, weeks ahead of a jack-up "issue" leading to work being ceased at a flagship IOG North Sea field.
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.
IOG placing raises £8.5m, plans to trigger extension option for Noble Hans Deul rig
IOG, formerly Independent Oil and Gas, has raised more than £8 million after it completed an “oversubscribed” fundraiser.
IOG spuds Blythe development well
UK based energy firm IOG has marked an “important step” with the spudding of the Blythe development well.