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Observer: Expect to see more big names from the oil industry, such as Shell, ExxonMobil and Statoil, moving into the British shale sector now that one of their competitors – Centrica – has taken the plunge. The international companies have always taken a keen interest in the UK fracking scene, despite endless statements from their chief executives that there are better prospects in China and elsewhere.
There is some speculation this weekend that the reason Centrica paid a fairly toppy price for the stake......
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If Centrica is prepared to risk earthquakes in Blackpool, big oil will want a share of shale
Posted by Observer: None Given on June 15th, 2013
Posted in Water Conservation