Energy Update

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India increased the subsidy for fitting rooftop solar power systems eightfold to 50 billion rupees ($753 million) in a bid to expand installations by a similar amount by 2020.

KIEV, Dec 31 (Reuters) - Ukraine will investigate a suspected computer malware attack on its energy grid, the energy ministry said on Thursday, an incident the country's secret service has blamed on Russia.

SINGAPORE, Dec 31 (Reuters) - A decade-old commodity boom came crashing to an end in 2015, hurting energy and mining companies as China's industrial rise and appetite for raw materials slowed.

OSLO, Dec 31 (Reuters) - A drifting barge has missed BP's Valhall platform in the North Sea by some two kilometres, a spokeswoman for the Rescue Coordination Centre for southern Norway told Reuters.

OSLO, Dec 31 (Reuters) - A drifting barge was about an hour away from hitting BP's oil installations at the Valhall oilfield in the North Sea, a spokesman said on Thursday.

BEIJING, Dec 31 (Reuters) - Chinese judicial authorities are processing a corruption case against a one-time mistress of the country's disgraced top security boss, a state-run Beijing newspaper reported on Thursday.

* Govt expects cheaper gas to halve costs for local firms (Adds details, Oil minister's quotes)

MOSCOW, Dec 31 (Reuters) - Russia aims to raise 1 trillion roubles ($13.53 billion) from privatisation next year, Finance Minister Anton Siluanov said in an interview aired on Thursday, signalling a major acceleration of plans to sell state assets.

* ConocoPhillips shuts production (Adds BP incident, updates throughout)

OSLO, Dec 31 (Reuters) - ConocoPhillips has shut down output at its Eldfisk and Embla fields in the North Sea and was evacuating staff from its Eldfisk platform due to the threat of a drifting barge hitting its installations, it said on Thursday.

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