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.

Gazprom mulls LNG options for Pakistan

Daniel J. GraeberMOSCOW, Jan. 21 (UPI) — Russian energy company Gazprom said one of the more promising areas for cooperation with Pakistan was in the field of liquefied natural gas.