Borders & Southern has spudded its second well south of the Falkland Islands.

CGX Energy’s Eagle-1 well off Guyana failed to find commercial hydrocarbons.

Borders & Southern has found gas condensate with its first exploration well offshore the Falkland Islands.

Sete Brasil Participações S.A. has signed a letter of intent with Keppel Offshore & Marine Ltd. to design and build five semisubmersible drilling rigs for $4.12 billion.

Both Petrobras (NYSE:PBR) and OGX Petróleo e Gás Participações S.A. (Bovespa: OGXP3; OTC: OGXPY.PK) have reported new oil finds offshore Brazil in the Santos basin.

Petróleo Brasileiro S.A. ( Petrobras) has completed drilling the successful extension well 3-BRSA-1032-RJS (3-RJS-697) in the Iara area of the presalt Santos basin offshore Brazil.

Exploration drilling should resume in mid-year on the Guyane Maritime permit off French Guiana, according to Wessex Exploration.

Petróleo Brasileiro S.A. has a third presalt oil find in block BM-S-8 of deepwater Santos basin.

Borders & Southern says drilling continues on its Darwin prospect off the Falkland Islands.