Independent Oil & Gas (IOG) has moved a step closer to sanctioning the first phase of its UK North Sea gas hub development after securing a Berkshire Hathaway-connected company as a farm-in partner.
London-listed independent IOG will take the final investment decision on the initial development phase of its so-called core project in the southern North Sea once the deal with CalEnergy Resources has been closed and it has also completed a planned bond issue to raise funds.
