Difference between revisions of "Total"
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| − | '''Total''' (ToT) is a French oil and gas company. | + | '''Total''' (ToT) is a French oil and gas company. In January 2014, Total Exploration & Production announced it would invest in fracking exploration in the UK - the first such investment by a major oil company. The move boosted confidence in the sector and its partners' share prices. |
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| − | In January 2014 Total announced it would invest in fracking exploration in the UK - first such investment by a major oil company. | ||
===Fracking partnership in the UK=== | ===Fracking partnership in the UK=== | ||
Revision as of 02:41, 20 August 2014
Total (ToT) is a French oil and gas company. In January 2014, Total Exploration & Production announced it would invest in fracking exploration in the UK - the first such investment by a major oil company. The move boosted confidence in the sector and its partners' share prices.
Fracking partnership in the UK
Total's licences are for a 240sq km area around the town of Gainsborough, that has been drilled for oil and gas for decades but only recently explored for its shale gas potential.
Total has a 40% share in a licence in the Midlands currently operated by US firm eCorp. Chief executive of eCorp International, John Thrash said: "The entry of this highly respected global shale operator into the UK shale gas exploration effort is a watershed event, not only for the UK, but also, we believe, continental Europe."
- The company's partners are a subsidiary of Dart Energy Europe, which has come under attack from environmentalists for applying for coal-bed methane wells in Scotland, plus Egdon Resources UK, eCorp, and IGas, which has been the target of a sustained campaign against by anti-fracking groups at its Barton Moss site in Salford.
Affiliations
- Member of the All Party Parliamentary Group on Unconventional Oil and Gas (which is run by lobbying and PR firm Edelman).[1]
People
Contact
- Website:
Resources
Notes
- ↑ Register of All-Party Groups (As at 2013), parliament.co.uk