A lack of diversity on the boards of major US oil companies increases the risks of bad investment choices, according to a new report from the University of Oxford. [The Guardian]

Swift Energy Co. has withdrawn a $640 million loan offering amid the latest decline in oil prices. [WSJ]

Mexico has auctioned 14 exploration blocks in an effort to attract international energy giants and increase the country’s slumping production, yet has so far only sold 2 blocks since the bidding opened on Wednesday. [The NY Times]