Finnish oil refining and marketing company Neste has launched a strategic study on transitioning its refinery in Porvoo to non-crude oil refining and renewable and circular solutions site in addition to looking into opportunities for green hydrogen at the refinery.Finnish oil refining and marketing company Neste has launched a strategic study on transitioning its refinery in Porvoo to non-crude oil refining and renewable and circular solutions site in addition to looking into opportunities for green hydrogen at the refinery.

French energy major TotalEnergies has approved the final investment decision for the Fenix gas development, located 60 km off the coast of Tierra del Fuego in southern Argentina. This development is said to be the world’s southernmost gas project.

UK-based independent oil and gas company Parkmead Group has secured approval to drill a high-impact well on the Skerryvore prospects in the UK Central North Sea. This will be Parkmead’s first operated exploration well.

Following a preventive interruption of production, Brazil’s oil and gas player Enauta has restarted production from a well located on a field offshore Brazil and expects the remaining two wells to be back on stream by the end of the month.

Thanks to the provisions stipulated within a new energy bill, which Biden signed into law last month, the Bureau of Ocean Energy Management (BOEM), a U.S. government agency, has reinstated the first oil and gas lease sale, held under the Biden administration, for acreage in federal waters in the Gulf of Mexico.

The Norwegian Ministry of Petroleum and Energy has received offers for production licences from 26 companies for further exploration activity on the Norwegian continental shelf (NCS) as part of the Award in Pre-Defined Areas 2022 (APA 2022).

UK-based Serica Energy is frustrated after encountering technical issues on its North Eigg exploration well located in the North Sea off the UK, which will result in drilling delays and an increase in well costs.

UK-based oil and gas company Tailwind Energy has started production from its field in the UK Central North Sea ahead of schedule.

China’s oil and gas player CNOOC Limited has kicked off production from an oilfield development project in the Bohai Sea. This is the third project, which the Chinese giant has brought on stream offshore China this month.

Two oil and gas operators – ConocoPhillips and Equinor – have completed the drilling of wildcat wells in the North Sea offshore Norway but failed to find hydrocarbons.