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Total ready to drill $55m into British shale-oil venture
2014-01-12 06:06:00| Climate Ark Climate Change & Global Warming Newsfeed
Sydney Morning Herald: French oil major Total is on the verge of becoming the first big oil company to explore for natural gas and oil in shale-rock in Britain. Under the agreement, which may be announced as soon as Monday, Total would commit about $US50 million ($55 million) for a roughly 40 per cent stake in licences held by a group of companies in Lincolnshire in the East Midlands, according to sources. Total's participation would be a vote of confidence in Prime Minister David Cameron's government, which has...
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Category:Electronics and Electrical