Billionaire Mukesh Ambani's Reliance Industries Ltd has sold its stake in the shale gas asset in the US to Northern Oil and Gas Inc for USD 250 million, the firm said on Thursday.
Reliance Industries Ltd has exited the last of its shale gas assets in the US after it agreed to sell its holding in Eagleford shale gas assets for an undisclosed sum of money.
The company had assets in countries like Yemen, Peru, Oman, Myanmar, Columbia, East Timor, Kurdistan and Australia, but it exited almost all these blocks later as part of its portfolio rationalisation
American refiners closed some of their production, leading to futures trade benchmarked to the West Texas Intermediate going negative.
Napoli's Manolo Gabbiadini netted a precious second-half equaliser to earn a 1-1 away draw at Lazio in the first leg of their Italian Cup semi-final on Wednesday.
Duvan Zapata scored a goal of sheer brute force and determination to set Napoli on the way to a 2-0 win over Sassuolo which moved them another step closer to second-placed AS Roma in Serie A on Monday.
Stake valued at $4 billion, against initial expectation of $4.5 billion
RIL, as well as its partner Pioneer Natural Resources Co, are seeking a buyer for their stakes in Eagle Ford Midstream venture as they focus on shale oil production.
Lines up a $1-billion capital expenditure plan for exploration purposes abroad.
Ril's shale gas may be impacted due to fracking ban
Companies write off investments, shed assets as initial projections go haywire
