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Foreign Firms are boosting investments in U.S shale plays

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    Anonymous

    Foreign energy firms are increasing their investments in U.S. shale oil and natural gas formations, according to the Energy Information Administration.
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    Of the $133.7 billion spent on U.S. shale ventures between 2008 and 2012, joint ventures with international partners accounted for about $26 billion — roughly 20 percent.
    EIA said the activity, “highlights a renewed trend toward foreign joint ventures” as the recent domestic energy boom — propelled by advancements in drilling technology — has drawn interest from abroad.
     
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