That why we going all out for shale

Total deal speeds up UK shale gas race

canada goose LONDON (Reuters) Total has become the first major oil and gas company to strike a deal to explore for shale gas in Britain, boosting a technology which has brought cheap energy to the United States but sparked protests by environmentalists and local communities. canada goose

Canada Goose Outlet View of the logo of French oil giant Total in front of the oil refinery of Donges, near Nantes, December cheap canada goose uk 20, 2013. REUTERS/Stephane Mahe Canada Goose Outlet

canada goose clearance sale The French group said on Monday it had bought a 40 percent interest in two licences in the so called Gainsborough Trough area of northern England for up to $48 million. canada goose clearance sale

Canada Goose Parka Total involvement, which follows Canada Goose Parka shale gas deals by utilities Centrica and GDF Suez, puts Britain firmly on the map as one of Europe strongest prospects for the development of unconventional oil and gas resources. Canada Goose Parka

buy canada goose jacket The investment is tiny in industry terms, but experts say it paves the way for similar moves by other top oil and gas firms. buy canada goose jacket

expect further international canada goose store energy companies to follow the lead taken by Total (.) and ramp up their plans for signing agreements with UK buy canada goose jacket firms that already have licences to explore UK shale reserves, said Glynn Williams, partner at Epi V, an investor in canada goose coats oil and gas services.

However, shale gas extraction or using chemicals, water and sand injected underground at high pressure to fracture rock formations and release the gas is bitterly opposed by environmentalists who fear it could pollute water, blight landscapes and add to global warming.

Last summer, Britain saw protests erupt in the south of the country as local communities expressed opposition as well.

canada goose black friday sale Britain shale gas resources are estimated at more than 400 times the country annual gas consumption and the government canada goose clearance sale has thrown its weight behind exploration at a Canada Goose online time when rising energy canada goose uk black friday prices have become a hot political issue. canada goose black friday sale

In the United States, shale gas exploration has transformed the energy market, caused canada goose black friday sale prices to collapse and set the Canada Goose canada goose outlet Online country on the path buy canada goose jacket cheap towards energy independence.

Canada Goose online Tighter planning and environmental canada goose regulation, and denser population, Canada Goose Jackets mean Britain is unlikely to see a shale gas boom of the kind experienced in canada goose coats on sale the United States. Canada Goose online

Nonetheless, the British government supports shale gas exploration as a way to reduce the country growing dependence on gas imports and to increase revenues.

canada goose coats It has allowed handsome tax breaks for companies involved in the nascent industry and promised financial benefits to local communities affected by shale gas exploration. canada goose coats

The government also announced on Monday that local councils will cheap Canada Goose be able to keep all of the business Canada Goose Coats On Sale rates to be received from canada goose uk shop shale gas sites, instead of 50 percent currently given, amounting up to 1.7 million pounds per site.

key part of our long term economic plan to secure Britain canadian goose jacket future is to back businesses with better infrastructure. That why we going all out for shale, Prime Minister David Cameron said, announcing the new rates.

canada goose deals COMPENSATION The British government support for shale gas makes it one of Europe most attractive markets for unconventional uk canada goose outlet oil and gas drilling as others, such as France and Germany, have imposed moratoriums on the activity. canada goose deals

ironic that a French owned company is seeking to drill the uk canada goose UK for shale gas when it banned from fracking in France due to environmental concerns, said Jane Thomas, Canada Goose Outlet senior campaigner at environmental group Friends of the Earth.

France constitutional court in October upheld a ban on hydraulic fracturing for shale oil and gas.

canada goose clearance Poland, which also actively canada goose uk outlet encourages shale gas exploration, has seen a raft of oil and gas companies withdrawing from its programme due to poor drilling results and an uncertain legal landscape. canada goose clearance

Canada Goose Jackets In contrast, Britain first shale gas is planned to flow by the end of Canada Goose sale this decade and growing momentum behind the shale gas race is expected to attract other big names to the UK market. Canada Goose Jackets

canada goose store Following last summer protests against shale gas, the government promised improved benefits for communities affected. canada goose store

cheap Canada Goose Communities are expected to receive 100,000 pounds ($164,800) in compensation as well as a separate fund established by the developer equalling 1 percent of revenue per shale gas well drilled. The compensation scheme starts when exploratory drilling begins. cheap Canada Goose

Canada Goose sale France GDF Suez bought shale gas licence stakes in a partnership with Dart Energy in October and Britain canada goose clearance Centrica entered the race in June. Canada Goose sale

Having Total as a partner will be a feather in the cap of industry minnows Dart Energy, Egdon Resources, canada goose factory sale IGas and eCORP Oil Gas UK Ltd, with which Total will partner on the two projects in northern England.

Britain IGas will be the operator of the initial exploration programme and Total will take over ownership of the projects as they reach the development phase, the firms said.

The news confirms a weekend Reuters report.

canada goose coats on sale Shares in the small cap firms climbed in morning trade, with Egdon Resources up 45 percent, IGas 13 percent higher and Dart Energy also up 13 percent. Total https://www.getcanadagooseoutlet.com shares were off 0.6 percent. canada goose coats on sale

canadian goose jacket Additional reporting by Sonali Paul in Melbourne, Leila Abboud in Paris and Paul Sandle in London; Editing by Mark Potter canadian goose jacket.