Reuters scoops Reliance’s Marcellus gas shale interest

Reuters was hours ahead of Bloomberg and The Wall Street Journal on March 16 to report that Indian energy major Reliance Industries was looking to partner with Atlas Energy to develop the U.S. firm’s booming Marcellus Shale gas operations. The deal could bring in more than $1 billion for Atlas, and follows two failed attempts by Reliance to make an acquisition outside India. Bloomberg and the WSJ credited Reuters for breaking the news, which was also the most read and emailed story on the popular Indian website economictimes.com.