Operator OGX has struck oil with the 1-OGX-5-RJS well in block BM-C-43 in the shallow waters of the southern part of the Campos basin.

Petrobras has hit pay with exploratory well 6-BR-63A-RJS in the prolific Campos basin.

The Ocean Guardian has spudded the Liz 14 /19-A exploration well in the North Falkland basin, says Desire Petroleum.

The Papa Terra Joint Venture, consisting of Petrobras and Chevron, has awarded J. Ray McDermott a project for the P-61 tension leg wellhead platform.

Development of the Papa Terra project offshore Brazil will proceed, according to Chevron Corp.

Petrobras has awarded FMC Technologies a four-year subsea tree frame agreement.

Aker Solutions is the lowest bidder for a four-year frame agreement to supply 61 subsea trees to Petrobras.

Petrobras has awarded FMC Technologies an $80-million subsea service contract.

PEMEX has awarded GX Technology (GXT) a three-year contract to provide seismic data processing and imaging services for multiple offshore projects.

ION Geophysical has acquired an additional 28,000 km (17,398 mi) of regional seismic data covering Brazil's southern Santos, Pelotas, and northeastern Equatorial basins.

Petrobras has awarded Acergy a $260-million, four-year contract with an optional four-year extension.

Petrobras has awarded Nexans a $48-million contract to develop, manufacture, and supply the electro-hydraulic control umbilicals for the Tambau and Urugua fields in the Santos basin.

A consortium of Royal Boskalis Westminster and Allseas Group has been contracted to construct a gas pipeline through the Strait of Magellan in Southern Argentina.

Petrobras, BG Group, and Repsol have signed a Letter of Intent with the Schahin/Modec consortium for the construction and 20-year lease of an FPSO for the Guará pilot project in the BM-S-9 block in the Santos basin, offshore Brazil.

Brazil’s largest offshore independent, OGX, has announced a 39.6% increase in its independently certified net risked prospective resources, according to a regulatory filing by the company.

OGX has signed a preliminary strategic cooperation agreement with OSX Brasil for the charter of exploration and production units, related operation and maintenance services, and expected production targets for the short, medium, and long term.

Noble Corp. has awarded Keppel FELS Brasil a $152-million contract to upgrade and repair a third Brazil-based drillship.

Petrobras has signed a letter of intent with SBM Offshore for a 18-year lease and operate contract of the company's existing FPSO Espadarte on the Baleia Azul field, offshore Brazil.