LONDON, UK: IOG plc, an oil and gas company listed on AIM, has announced that it will be placed into administration after failing to secure additional funding from its bondholders. The company, which operates assets in the UK North Sea, said that it had filed a notice with the Court today notifying its intention to…
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IOG plc commitment to Net Zero from 2021
LONDON, UK: IOG plc, the UK gas company targeting growth and high returns via an infrastructure-led hub strategy, announced its completion of a comprehensive Emissions Assessment (EA), undertaken by its internal Environmental, Social and Governance (ESG) Taskforce in collaboration with Genesis. On the basis of the EA the Company has committed to Scope 1 &…
IOG plc signs gas sales agreement with Gazprom
LONDON, UK: IOG plc announce thed execution of a gas sales agreement (GSA) with Gazprom Marketing & Trading Limited (GM&T). This follows a competitive offtake process involving more than 10 bidders over recent months, a news release said. The GSA relates to IOG’s equity production for the first two years from the Elgood and Southwark…
IOG plc collaborates with GeoNetZero on carbon capture and storage research
LONDON: IOG plc (LON: IOG) has signed a collaboration agreement with GeoNetZero CDT, Heriot-Watt University’s Centre for Doctoral Training, a leader in applying geoscience to the challenges of progress towards a Net Zero economy. Under this agreement, IOG will support research into carbon capture and storage (CCS) and other renewable opportunities across quads 48, 49,…