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Total acquires stake in UK shale gas licences
2014-01-14 01:00:00| Hydrocarbons Technology
France-based oil and gas corporation Total has acquired a 40% stake in two shale gas exploration licences in the UK.
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Total deal speeds up shale gas race in Britain
2014-01-13 07:00:00| Climate Ark Climate Change & Global Warming Newsfeed
Reuters: Total has become the first major oil and gas company to strike a deal to explore for shale gas in Britain, boosting a technology which has brought cheap energy to the United States but which is bitterly opposed by environmentalists. The French group said on Monday it had bought a 40 percent interest in two licences in the so-called Gainsborough Trough area of northern England for up to $48 million. Total's involvement, which follows shale gas acquisitions by utilities Centrica and GDF Suez, puts...
Total speeds up UK shale gas race as first oil major to enter market
2014-01-13 02:35:00| Climate Ark Climate Change & Global Warming Newsfeed
Reuters: France's Total (TOTF.PA) on Monday became the first oil and gas major to enter Britain's shale gas market by acquiring a 40 percent interest in two licenses in northern England for up to $48 million. Total's involvement, which follows shale gas acquisitions by utilities Centrica (CNA.L) and GDF Suez (GSZ.PA), is a major boost to Britain's growing but controversial shale gas industry, seen as one of Europe's strongest prospects for unconventional oil and gas development. The investment is tiny...
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France's Total joins shale gas hunt in Britain
2014-01-12 15:58:00| Climate Ark Climate Change & Global Warming Newsfeed
Reuters: Total (TOTF.PA) has agreed to invest up to $48 million for a stake in shale licenses in Britain, the first major oil company to back the industry in a country seen as one of Europe's strongest prospects for unconventional oil and gas development. Dart Energy (DTE.AX) said on Monday Total would acquire a 40 percent interest in two licenses in Lincolnshire, in central England, paying $1.6 million in back costs and up to $46.5 million funding a shale exploration program. Total would become operator...
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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