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Oil / Gas / Commodities

Total to invest in UK shale gas

French oil & gas giant Total says it will invest approximately $50 million in the United Kingdom’s nascent shale sector, focusing on gas exploration in the East Midlands. Total is set to pay $1.6 million to acquire 40% shareholding of…

OPEC pumps less crude oil in November

November crude oil production among OPEC countries fell 230,000 barrels per day from October to 29.7 million b/d, the lowest total since mid-2011, according to a Platts survey1 of OPEC, analysts and oil industry officials. The survey…