Petrobras jumps into bed with China for $10 billion, securing the immediate future of the deeply indebted oil and gas company.
ExxonMobil has updated its claims of a world class discovery offshore Guyana, in the Stabroek block, following the drilling of three wells in the area.
Petrobras has confirmed it is commencing a new bid process for the floating production storage and offloading vessel (FPSO) to be used on the Libra Pilot Project.
A record-breaking crane has performed its inaugural land-based lift in Brazil, onto the P-74 floating, production, storage and offloading (FPSO) vessel.
ExxonMobil announced plans to start light crude oil production offshore Guyana by 2020, turning the small South American country into a relevant oil exporter.
The offshore drilling firm Diamond Offshore announced it has lost a contract for the Ocean Valor offshore semi-submersible drilling rig.
Offshore drilling rig West Pegasus had its drilling contract terminated by the Mexican oil company Pemex Exploracion y Servicios (Pemex).