New York Atty. Gen. Eric T. Schneiderman (D) and five other states’ attorneys general asked the federal government to require crude oil being shipped by rail to have a less than 9 psi volatility limit. Source: News

EOG Resources Inc., Houston, and global alternative asset manager Carlyle Group LP have formed a combine for development of EOG’s oil and gas assets in Ellis County, Okla. Source: News

Petroleo Brasileiro SA (Petrobras) started deepwater production through the P-66 floating production, storage, and offloading vessel in Lula South field from the Brazilian presalt of the Santos basin in 2,150 m of water on May 17, said Royal Dutch Shell PLC subsidiary BG E&P Brazil. Source: News

Light, sweet crude oil climbed modestly on the New York Mercantile Exchange May 22 with the June contract settling well above $50/bbl and the July contract settling above $51/bbl. It was the second consecutive day the front-contract contract settled above $50/bbl. Source: News

Rick Linhardt will succeed John R. Haley as Marathon Petroleum Corp.’s director of tax, effective June 5. Haley is retiring effective July 1. Source: News

Oil Search Ltd., Sydney and Port Moresby, has exceeded its oil and natural gas production targets for 2016, recording the company’s highest levels in 80 years. Source: News

Saudi Aramco has signed deals totaling a reported $50 billion with various US firms that will pave the way for the state-run firm to “enhance its business synergy with the US as well as attract investments from its US counterparts to the kingdom.” Source: News