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State-owned Oil India Ltd (OIL) has exited from a US shale oil venture, selling its 20 per cent stake to its venture partner for USD 25 million — the second exit of an Indian firm from the US shale business in two months. “Oil India (USA) Inc (wholly owned subsidiary of OIL), divested its entire ...

"Oil India(USA)Inc (wholly owned subsidiary of OIL), divested its entire stake in Niobrara shale asset, USA." 

Get latest articles and stories on Latest News at LatestLY. State-owned Oil India Ltd (OIL) has exited from a US shale oil venture, selling its 20 per cent stake to its venture partner for USD 25 million -- the second exit of an Indian firm from the US shale business in two months. Latest News | Oil India Exits US Shale Venture, Sells 20 Pc Stake for USD 25 Mn.

Oil India Ltd (OIL) has exited from a US shale oil venture, selling its 20 per cent stake to its venture partner for USD 25 million - the second exit of an Indian firm from the US shale business in two months. Get more India News and Business News on Zee Business.

State-owned  Ltd (OIL) has exited from a US shale oil venture, selling its 20 per cent stake to its venture partner for $25 million -- the second exit of an Indian firm from the US shale business in two months. "Oil India (USA) Inc (wholly owned subsidiary of OIL), divested its entire stake in Niobrara shale asset, USA," a regulatory filing by the company said, adding the

The move by OIL follows Reliance Industries Ltd's exit from US shale, which has not been attractive in generating returns.

Grid connected battery energy storage system (BESS) is a technology option that can accommodate high share of renewable energy and contribute to grid stability.

The International Energy Agency (IEA) brought out a special report titled “Are we entering a golden age of natural gas?”