By Reuters Staff
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FILE PHOTO: Labourers rest in front of an advertisement of Reliance Industries Limited at a construction site in Mumbai, India, March 2, 2016. REUTERS/Shailesh Andrade/File Photo
BENGALURU (Reuters) - Reliance Industries Ltd said on Thursday its unit will sell its interest in certain upstream assets in the Marcellus shale in the United States for $250 million in cash to Northern Oil and Gas Inc.
The assets, currently operated by various affiliates of EQT Corp, will be sold for the cash consideration and warrants, that will allow for the purchase of 3.25 million common shares of NOG at an exercise price of $14 per common share over the next seven years, Reliance said.
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(Reuters) - Representatives of fuel suppliers to Venezuela, importers of Venezuelan oil and advocacy groups said this month they plan to press the incoming administration of U.S. President-elect Joe Biden to reverse a ban on crude-for-diesel swaps.
FILE PHOTO: A worker collects a crude oil sample at an oil well operated by Venezuela s state oil company PDVSA in Morichal, Venezuela, July 28, 2011. REUTERS/Carlos Garcia Rawlins
The Trump administration since the last quarter of 2020 has barred companies from sending Venezuela diesel in exchange for crude. Those deals were exempted for more than a year from sanctions on state oil company Petroleos de Venezuela SA, aimed at ousting President Nicolas Maduro, who has overseen an economic collapse.
The Fiji Times » Oil companies, aid groups plan to press Biden to allow Venezuela fuel swaps fijitimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fijitimes.com Daily Mail and Mail on Sunday newspapers.
Representatives of fuel suppliers to Venezuela, importers of Venezuelan oil and advocacy groups said this month they plan to press the incoming administration of U.S. President-elect Joe Biden to reverse a ban on crude-for-diesel swaps. The Trump administration since the last quarter of 2020 has barred companies from sending Venezuela diesel in exchange for crude. .
By Reuters Staff
1 Min Read
(Reuters) - Silver Lake said on Wednesday it had raised about $20 billion for its buyout fund, Silver Lake Partners VI, as the technology-focused private equity firm looks to focus on large-scale investments.
Silver Lake, which manages about $75 billion in combined assets under management and committed capital, has recently invested in major names, including Alphabet Inc’s Verily Life Sciences LLC and India’s Reliance Industries Ltd.
Buyout funds typically return money to investors three to seven years following their fundraising.
Silver Lake has stakes in social media firm Twitter Inc, U.S. home rental firm Airbnb Inc and movie theater chain AMC Entertainment Holdings Inc, according to its website.