It’s called “Energetic Bear” and some experts believe elements of the Russian government are behind a string of malware infections that reportedly compromised hundreds of industrial control systems. Originally thought to be used as a form of espionage, experts believe the technology can gain control of energy infrastructure and “cripple physical systems such as wind turbines, gas pipelines and power plants at will.” [Financial Times via CNBC]

Devon Energy has divested non-core US and Canadian assets over the past few months totaling more than $5 billion in proceeds, as the company seeks to pay down debt and focus on its activity in some of the “most attractive North America resource plays,” according to President and CEO John Richels. Linn Energy acquired the properties located in the Rockies, onshore Gulf Coast, and Mid-Continent regions of the U.S. [Devon]

Saudi Arabia and Nigeria stepped in to pump additional barrels to make up for the roughly 400,000 fewer barrels per day produced by Iraq as a result of the recent conflict. “The production cuts occurred in the north, where the pipeline from Kirkuk to Ceyhan on Turkey’s Mediterranean coast has been shut since March because of sabotage. The missing output would have supplied Iraqi needs. The 310,000-barrel-a-day Baiji refinery, Iraq’s biggest, has been closed since militants first attacked it on June 15.” [Bloomberg]