Shell, Trans Mountain Oil Standards: Your Daily Energy News

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News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.

CORPORATE
Shell to Acquire Singaporean LNG Firm Pavilion Energy - Shell plc (NYSE:SHEL) (London, England) has agreed to buy Singaporean liquefied natural gas (LNG) company Pavilion Energy from global investment company Temasek (Singapore) in a move the oil major said will strengthen its leadership position in LNG, according to statements on Tuesday. Shell and Temasek did not disclose financial details of the sale in their statements. The deal will provide Shell, already the world's top LNG trader, with access to gas markets in Europe and Singapore as it aggressively expands its LNG footprint after raking in billions in profits last year. (Reuters)

PIPELINES
Trans Mountain Revises Heavy Crude Oil Standards After Quality Concerns - Canadian government-owned oil pipeline operator Trans Mountain Corporation (Calgary, Alberta) last week revised standards for accepting crude oil on its recently expanded system after buyers raised concerns about the crude oil arriving on the line, a regulatory filing showed. Trans Mountain last week said it would replace the existing pool of "Low TAN (total acid number) Dilbit" with a pool of "Pacific Cold Lake," or bitumen diluted with crude oil having a density of less than 800 kilograms per cubic meter. Pacific Cold Lake's and Pacific Dilbit's acidity will be limited to a maximum of 1.1 milligrams of potassium hydroxide (KOH) per gram, compared with an earlier limit of 1.3 milligrams of KOH per gram, the filing showed. High levels of acidity can corrode processing equipment and cause damage. (Reuters)

PRODUCTION
Ivory Coast Expects Threefold Increase in Oil Production by 2027 - Ivory Coast expects a more than threefold increase to its oil output by 2027, boosted by recent oil and gas discoveries at the West African nation's Baleine and Calao offshore fields, President Alassane Ouattara said earlier this week. Ouattara told a joint session of parliament that more than $15 billion is expected to be invested in the country's oil sector, adding that output would grow to about 200,000 barrels per day (BBL/d) from 60,000 BBL/d by 2027. (Reuters)

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About Industrial Info
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 trillion (USD).