Total Logo

Total Becomes Largest Energy Producer To Enter UK Fracking Exploration

Looking to expand shale-based oil production outside of its home country of France, where the controversial process of hydraulic fracturing drilling is banned, Total SA (ADR) (NYSE:TOT) (EPA:FP) announced it was purchasing a 40% stake in two U.K. oil exploration areas. Total's partner IGAS Energy PLC (LON:IGAS) (OTCMKTS:IGESF), which holds 14.5% of the permits to explore in the area, will be the operator of the exploration project.

exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here

If you are subscribed and having an account error please clear cache and then cookies if that does not work email support@valuewalk.com and we will get back to you as quick as humanly possible


Saved Articles
X
TextTExtLInkTextTExtLInk

Subscribe to our mailing list

* indicates required

Opt out of occasional 3rd party offers


0