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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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