Santos acquires 25% stake in Sabah’s deepwater Block S from Inpex

… TOKYO, Japan — Inpex Corporation (Inpex) reported that through its wholly-owned subsidiary, Inpex Offshore Northwest Sabah, Ltd. (Inpex Sabah), it has reached an agreement to transfer a 25% participating interest in the deepwater Block S (the Block) to Santos, a major Australian oil and gas exploration and production company. … Visit WorldOil: WO Wire…

KCA Deutag’s RDS FEEDs Sea Lion

… RDS, a rig design and engineering specialist, has been awarded a front-end engineering design (FEED) contract by AMEC for Premier Oil’s Sea Lion development in the North Falklands Basin. RDS is the rig design and engineering subsidiary of international drilling and engineering contractor, KCA Deutag. The FEED work is part of AMEC’s overall FEED contract…

Low LNG demand in Argentina holds issuance of new tenders

… YPF of Argentina is evaluating the demand for LNG imports to the country in 2015 and with enough stocks in the tanks, the company is not going to issue a tender any time soon.  Mild weather in Argentina this winter complicated the demand outlook reducing the urgency for new LNG cargoes, sources told Reuters. According…

Klaipeda LNG terminal will be built on schedule

… Lithuanian Prime Minister Algirdas Butkevicius said that the LNG terminal being built in Klaipeda will be completed in November, at the time when the FSRU built for the facility is scheduled to arrive to the port. Speaking to the local media Butkevicius said that the project is nearing completion and that it will be…

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