Heavy crude oil from western Canada available for export to the US in 2035 could be as high as 3.9 million b/d or as low as 2.5 million b/d, depending on pipeline developments, says the Canadian Energy Research Institute. Source: News

Ineos Oligomers, a division of Ineos AG, Rolle, Switzerland, is adding a new linear alpha olefin (LAO) unit at Ineos Olefins & Polymers USA’s Chocolate Bayou petrochemical complex in Alvin, Tex. Source: News

Shell Exploration & Production Co. and the US Coast Guard agreed to conclude skimming operations in their joint response to an estimated oil discharge of 2,100 bbl from a subsea flow line at Glider field in the Gulf of Mexico off Louisiana, Shell E&P said May 16. Source: News

Light, sweet crude prices rose on the New York market May 16, approaching nearly $48/bbl for the day’s high before settling at $47.72/bbl, up $1.15. The Brent crude front-month oil contract on the London market approached a 7-month high May 16 but dropped again in May 17 trading. Source: News

EnerVest Ltd. said it and its institutional partners have closed or entered agreements to acquire Eagle Ford shale assets totaling $1.3 billion in three deals since last September. Source: News

Crude oil production in June from the seven major US shale regions is expected to fall 113,000 b/d month-over-month to 4.85 million b/d, according to the US Energy Information Administration’s latest Drilling Productivity Report (DPR). Source: News