India's Reliance Sheds TX Shale Assets
Reliance Industries Ltd said on Tuesday its unit would sell some of its shale assets in the United States to privately held Sundance Energy Inc for $100 million, as the Indian oil-to-telecom conglomerate moves closer to exit U.S. shale investments. The sale includes…
Reliance, Carrizo Oil Exit PA Shale Asset
Indian oil-to-telecoms conglomerate Reliance Industries Ltd signed a deal to exit a U.S. shale asset, a move that marks the end of its seven years of investment which slumped into losses due to the global oil price downturn. Houston-based Carrizo Oil & Gas Inc, the…
Three Mile Island to Close in 2019
Pennsylvania's Three Mile Island power plant will close in 2019, 40 years after the worst nuclear accident in U.S. history, as low natural gas prices make the costs of atomic energy uncompetitive, its owner said on Tuesday. The plant's name has been synonymous with…
Gas Industry Lessons for U.S. Oil Producers
The United States produced a record 25.7 trillion cubic feet of natural gas in 2014 according to preliminary estimates published by the Energy Information Administration (EIA) on Feb 27. Gas production has risen 27 percent since 2008 even though the number of rigs…
