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...