Press Esc to close


World Oil News Center

Total weighs bids for UK shale gas

PARIS -- Total is considering bidding for rights to explore for shale gas in Britain and is "frustrated" by a lack of information on a licensing round to be held next year, the Daily Telegraph reported.

The company is also understood to have held talks with several companies about buying a stake in their existing exploration blocks in the United Kingdom according to the Telegraph.

The enthusiasm of one of the world' s biggest energy companies to join the search for United Kingdom shale is the latest sign of the nascent industry' s growing momentum following the $247 million deal for British Gas owner Centrica to buy a 25% stake in Cuadrilla' s Bowland shale license area, the newspaper wrote.

Ministers are preparing to unveil details of incentives for communities affected by "fracking" in a further attempt to encourage swift exploration of Britain' s shale resources, which they believe have the potential to provide an important new source of gas to the United Kingdom, the Telegraph reported.

Total is understood to have held talks with Cuadrilla over buying into its licenses but is now focusing on other opportunities.

Dow Jones Newswires



Bookmark and Share



Engineering Data Tables

World Oil's specialized upstream Engineering Data Tables featuring the Drill Bit Classifier, Tubing Tables and more. Get Total Access today.


2013 Fracturing Technology

2013 Fracturing Technology


By Digital Publisher

Drill Bit Classifier World Oil published its renowned Drill Bit Classifier in September 2013. The Drill Bit Classifier is a comprehensive listing of major manufacturers' d...