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Oil industry excited about Arctic | FT Business Notebook

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News video: Oil industry excited about Arctic | FT Business Notebook

► Subscribe to the Financial Times on YouTube: http://bit.ly/FTimeSubs The frozen north is estimated to hold 30 per cent of the world's undiscovered gas and 13 per cent of undetected oil.

Richard Milne reports from the Island Innovator rig in the Barents Sea on whether the Arctic will be the next big oil region. ► FT World News: http://bit.ly/1Exp0iJ ► FT Business: http://bit.ly/1KUK08s For more video content from the Financial Times, visit http://www.FT.com/video Twitter https://twitter.com/ftvideo Facebook https://www.facebook.com/financialtimes.

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