E.ON readies wind farm for English Channel

Daniel J. GraeberDUSSELDORF, Germany, Jan. 25 (UPI) — Utility company E.ON announced plans to start laying the foundation for the Rampion wind farm project slated for the English Channel.

Crude oil prices move up 5 percent

Daniel J. GraeberNEW YORK, Jan. 22 (UPI) — Assurances about the pace of economic growth spilled into Friday trading, giving crude oil prices a major lift, though Iran may emerge as a short-term factor.

Russia sees oil settling near $30 per barrel

Daniel J. GraeberDAVOS, Switzerland, Jan. 22 (UPI) — Oil market volatility can’t last very long, as $30 per barrel may emerge as the low-point for the year, the head of a Russian financial services company said.

Texas oil production slumps 5 percent

Daniel J. GraeberAUSTIN, Texas, Jan. 22 (UPI) — Crude oil production of 70.9 million barrels in November for Texas was nearly 4 million less than the previous month, a state energy regulator said.

Lundin sells Malaysian infrastructure

Daniel J. GraeberOSLO, Norway, Jan. 22 (UPI) — Swedish energy company Lundin Petroleum said it was taking in cash after shedding infrastructure in Malaysia it said is not part of its core business strategy.

Oil ticks lower after ECB rate decision

Daniel J. GraeberNEW YORK, Jan. 21 (UPI) — Weaker unemployment figures from the United States and concerns about downside risks from European Central Bank pushed oil prices lower Thursday.

BP sees no rush to tap into Iran

Daniel J. GraeberDAVOS, Switzerland, Jan. 21 (UPI) — Though doors are opening to the Iranian energy sector, BP’s top executive Bob Dudley said few investors will rush in on a whim.