The New York Times – France Oil Giant Is Expected to Seek Shale Gas in Britain

The French oil giant Total is on the verge of becoming the first major oil company to explore for natural gas and oil in shale rock in Britain.

Under the deal, which may be announced as soon as Monday, Total would commit about $50 million for a roughly 40 percent stake in licenses held by a group of companies in Lincolnshire in the East Midlands, according to three people familiar with the matter who spoke on condition of anonymity because the agreement has not yet been signed. (Read more… http://www.nytimes.com/2014/01/12/business/international/total-of-france-is-expected-to-seek-shale-gas-in-britain.html?ref=energy-environment)

(English, Article, 2014)

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