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BitNile launches subsidiary to acquire oil and gas assets

US-based cryptocurrency company BitNile Holdings has launched a subsidiary called Ault Energy to pursue oil and gas asset acquisitions.

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China leads Asia s refinery hydrocracking units capacity

GlobalData’s latest report says that the Asia refinery hydrocracking units capacity increased from 3,346mbd in 2016 to 4,160mbd in 2021.

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Fall in oil prices brings attention to an expected recession

Analysts report that the fall in commodities prices in Europe could indicate the risk of recession towards the end of the year

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South Dakota oil and gas production activity up by 0 51% in February 2022

South Dakota witnessed an increase of 0.51% in total oil and gas production to 4,405.73 boe/d in February 2022 when compared with the previous month, according to GlobalData’s USL48 database.

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Equinor to sell operatorship stake in US Gulf of Mexico field to Shell

Equinor has agreed to divest its 51% operatorship stake in the North Platte deep water development project to Shell for an undisclosed sum.

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