State-run Oil India exits from Niobrara shale business, sells entire stake Reliance divested entire holdings in Eagleford shale play in November Indian firms pursuing more profitable opportunities at home: Platts Analytics The move by state-run explorer Oil India Ltd to exit the US shale business months after Reliance Industries divested all its US shale assets signals the intent of India’s oil companies to reduce their overseas footprint and focus at home where the energy landscape is expected to change at breakneck speed, analysts told S&P Global Platts. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now With Indian state oil companies keen to diversify their energy portfolios beyond the core refining and upstream businesses in an effort to embrace the energy transition process, private companies such as Reliance are either rapidly snapping up stakes in companies involved in clean energy or are announcing […]