GreenRoc Accelerates their World Class Project to Production as Early as 2028. Watch the full video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksIOG.L Share News (IOG)

  • There is currently no data for IOG

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Independent Oil & Gas Confirms Pipeline Integrity, Gas Project Delayed

Tue, 25th Sep 2018 11:50

LONDON (Alliance News) - Independent Oil & Gas PLC on Tuesday confirmed the integrity of the Thames Pipeline, and said it has chosen to delay delivery of the first phase of offshore installation at its southern North Sea gas project.

Shares in the offshore oil & gas company were down 9.9% at 31.75 pence on Tuesday.

A pressure test of the Thames Pipeline confirmed its integrity and ability to deliver gas and a tethered pig inspection showed no internal corrosion or external defects, IOG said. The pipeline is expected to have a capacity of up to 550 million cubic feet of gas per day.

IOG intends to use the pipeline to carry its entire portfolio of gas in the southern North Sea.

Development its assets are ongoing, with the company expecting to proceed to a final investment decision and obtain field development plan approval in the fourth quarter of 2018.

The company has revised its southern North Sea project "to reflect the optimal timing for both fabrication and installation of key infrastructure".

As such, delivery of phase one offshore installation is to commence "immediately after the 2019-20 winter season", rather than the fourth quarter of 2019 as originally scheduled.

More News
31 Dec 2021 08:25

IN BRIEF: IOG spuds Southwark development well, first gas now due 2022

IN BRIEF: IOG spuds Southwark development well, first gas now due 2022

Read more
29 Dec 2021 11:50

IOG still facing technical delays in spudding first Southwark well

(Sharecast News) - UK gas and infrastructure operator IOG updated the market on Southwark drilling operations on Wednesday, having expected the first Southwark development well to spud by the weekend of 19 December, following the repair of the Noble Hans Deul rig.

Read more
29 Dec 2021 08:58

IN BRIEF: IOG Southwark well spudding delayed due to technical issues

IN BRIEF: IOG Southwark well spudding delayed due to technical issues

Read more
22 Nov 2021 14:02

IOG remains on schedule despite Covid-related challenges

IOG remains on schedule despite Covid-related challenges

Read more
11 Oct 2021 19:51

TRADING UPDATES: Baron Oil boosts P2478 stake amid Upland farmout pact

TRADING UPDATES: Baron Oil boosts P2478 stake amid Upland farmout pact

Read more
30 Sep 2021 06:47

IN BRIEF: IOG tests Blythe gas well, sees substantial cash flow

IN BRIEF: IOG tests Blythe gas well, sees substantial cash flow

Read more
23 Sep 2021 21:07

TRADING UPDATES: Argo prices ADS IPO; Home REIT raises GBP350 million

TRADING UPDATES: Argo prices ADS IPO; Home REIT raises GBP350 million

Read more
23 Sep 2021 08:51

IOG proposes £8.5m placing and subscription to cover costs at Kelham

(Sharecast News) - Gas and energy company IOG proposed a placing and subscription on Thursday in an attempt to raise gross proceeds of approximately £8.5m.

Read more
26 Aug 2021 14:56

TRADING UPDATES: Glenveagh, IOG swing to profit; Faron loss widens

TRADING UPDATES: Glenveagh, IOG swing to profit; Faron loss widens

Read more
3 Aug 2021 12:03

TRADING UPDATES: UK housing market boosts Belvoir; IOG spuds Blythe

TRADING UPDATES: UK housing market boosts Belvoir; IOG spuds Blythe

Read more
29 Jul 2021 19:31

TRADING UPDATES: Forterra, Equiniti and Foxtons return to profit

TRADING UPDATES: Forterra, Equiniti and Foxtons return to profit

Read more
26 Jul 2021 16:23

EXECUTIVE CHANGES: Persimmon finance boss retires; Block fights Forest

EXECUTIVE CHANGES: Persimmon finance boss retires; Block fights Forest

Read more
19 Jul 2021 11:49

IOG says test rates on its Elgood development exceeded expectations

IOG says test rates on its Elgood development exceeded expectations

Read more
7 Jun 2021 12:36

IN BRIEF: IOG installs unmanned gas platforms in North Sea

IN BRIEF: IOG installs unmanned gas platforms in North Sea

Read more
17 May 2021 17:49

TRADING UPDATES: Wey takeover edges closer; Acorn in strategy switch

TRADING UPDATES: Wey takeover edges closer; Acorn in strategy switch

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.