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December 11, 2016 12:54 pm

North Sea hit by fall in oil price | FT Business

Green Energy Firm Fights UK Fracking Plans

Green energy firm Ecotricity is challenging the fracking industry by submitting applications for its new Green Gas Mills on sites already proposed for fracking.

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Russia’s Lukoil Says Ready To Take Part In Oil Output Cuts

Russia’s No.2 oil producer Lukoil said on Friday it was ready to follow Russia’s commitments to oil output cuts as part of a global pact.

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OMV Petrom, Hunt Oil Start Experimental Gas Production at Padina

OMV Petrom, in partnership with Hunt Oil Company of Romania, announced the start of experimental gas production from the Padina field.

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Oil Exploration Spending May Drop Further Next Year

Global spending on oil and gas exploration in 2017 could fall below this year’s $40 billion, but lower costs mean profitability will increase, consultancy Wood Mackenzie said in a report on Friday.

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Russia Says Continues Investigation In Case Of Ex-Minister Ulyukayev

The Russian Investigative Committee is continuing “active investigative activity” into the case of ex-economy minister Alexey Ulyukayev, the committee said on Friday.

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