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Eugene

(61,782 posts)
Sat Jan 11, 2014, 10:34 AM Jan 2014

French oil giant Total to invest in UK shale gas

Source: BBC

11 January 2014 Last updated at 12:31 GMT

French oil giant Total to invest in UK shale gas

French oil and gas company Total is to invest in the UK's shale gas industry, it is to be announced on Monday.

Total will be the first of the so-called "oil majors" to invest in shale gas in the UK, the BBC has confirmed.

The British Geological Survey estimates there may be 1,300 trillion cubic feet of shale gas present in the north of England.

But the process to extract shale gas - called "fracking" - has proved controversial.

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Read more: http://www.bbc.co.uk/news/uk-25695813

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