Maersk Oil’s Danish business to cut up to 160 jobs

The Danish business unit of Maersk Oil, a wholly owned subsidiary of AP Moller-Maersk AS of Copenhagen, expects to reduce up to 160 positions over the coming months in an effort to simplify the organization. Source: News


Cisarik elected chairman of Texas Pipeline Association

James A. Cisarik, Enterprise Products Holdings LLC’s senior vice-president of government affairs and public relations, has been elected chairman of the Texas Pipeline Association (TPA). Source: News


DNO makes oil discovery in Kurdistan’s Peshkabir field

DNO ASA reported that it has discovered oil in the Cretaceous horizon in the southern flank of Peshkabir field with the Peshkabir-2 well, currently being drilled in Iraq’s Kurdistan region. Source: News


DOE issues notice of sale from SPR sites

The US Department of Energy formally announced that it will sell as much as 8 million bbl of sweet crude oil from three Strategic Petroleum Reserve storage sites at competitive prices. Source: News


Australia, Timor Leste scrap Timor Gap oil and gas treaty

Australia and Timor Leste have jointly announced an agreement to abandon the temporary treaty that regulates maritime boundaries in the Timor Sea and has given rise to a long-running dispute over sharing revenues from oil and gas. Source: News