Chinese firm lets contracts for grassroots integrated complex

Zhejiang Petroleum and Chemical Co. Ltd., also known as Zhejiang Petrochemical Co. Ltd. (ZPC), as let a series of new contracts for technology licensing and engineering for new units to be installed at its grassroots 40 million-tonne/year integrated refining and petrochemical complex in Zhoushan, Zhejiang Province, China. Source: News

PwC reports record-high US oil, gas M&A deal value for first quarter

Mergers and acquisitions in the US oil and gas industry hit a record value for a first quarter, reinvigorated by steadier oil and gas prices, a new pro-energy administration, and technological advances, according to PwC LLP’s latest energy deals report. Source: News

ConocoPhillips group ponders Darwin LNG expansion

ConocoPhillips is heading a group of companies involved in Timor Sea gas fields that has started to mull over the feasibility of a multimillion-dollar expansion of the existing Darwin LNG project that currently sources gas from Bayu-Undan field. Source: News

RIL completes Dahej ethane project

Reliance Industries Ltd. (RIL), Mumbai, has completed and commissioned an ethane project at its Dahej manufacturing facility in India’s Gujarat state. The work took less than 3 years. Source: News

WoodMac: Operators face US Lower 48 onshore cost inflation

US Lower 48 onshore operators are beginning to experience cost inflation following a flurry of first-quarter development activity, said Wood Mackenzie Ltd. analysts who believe service price increases began as early as third-quarter 2016. Source: News