Total JV with Chesapeake
The WSJ is reporting that French oil company Total SA (TOT) has entered a joint venture with Chesapeake Energy Corp. involving Chesapeake Barnett Shale assets. Consistent with reports about other European production companies looking to learn from the U.S. experience, Total's Chairman and Chief Executive Christophe de Margerie stated, "It will allow Total to develop its expertise in unconventional hydrocarbons in order to expand its unconventional business worldwide." Very interesting.
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