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Oil Slump Fallout: RIL to Slash Capex for Shale Gas Business in US

Oil Slump Fallout: RIL to Slash Capex for Shale Gas Business in US
Mumbai: Reliance Industries (RIL), which on Tuesday reported its best-ever quarterly net income at Rs 7,290 crore on better refining margins, said it will continue to scale down capital expenditure (capex) for its struggling shale gas business in the US. RIL's shale gas business in the US includes three upstream joint ventures with Chevron, Pioneer Natural Resource and Carrizo Oil and Gas. It had sold its midstream JV with Pioneer l...
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