Total (TOT +1.4%) will halt making new investment in dry shale gas in the U.S. while gas prices...

|By:, SA News Editor

Total (TOT +1.4%) will halt making new investment in dry shale gas in the U.S. while gas prices remain low, CEO Christophe de Margerie says, potentially placing at risk its ventures with Chesapeake (CHK -3.5%) in the Utica and Barnett shale areas. TOT plans to continue to invest in countries it considers more promising in shale, such as Denmark, where it intends to spud a shale exploration well this year.