With oil prices falling, Swedish energy company Lundin Petroleum said Wednesday it cut its 2015 spending plans by 31 percent from last year. Lundin said that, combined, its total spending for development, appraisal and exploration for 2015 would total around $1.45 billion. The bulk of the spending, about $750 million, would target ongoing operations in Norway, though the majority would focus on its Bertram project in Malaysia. Company President Ashley Heppenstall said the major focus would be on Norwegian and Malaysia projects that would combine for an increase in production to 75,000 barrels of oil equivalent per day. “We have a strong balance sheet and I expect our 2015 capital program to be fully funded from internally generated cash […]