The National Petroluem Agency (ANP) of Brazil found another “megareserve” in the Atlantic, this one off the coast of Sao Paulo. It is believed to big as large as the so-called Lula oil field, which holds between fiv ...
Brazil’s oil regulator plans to ease future fines for producers who fail to meet strict local-content guidelines as the country seeks to accelerate development of offshore oil and gas resources.
Petrobras and a partner firm, Oil and Natural Gas Corp (ONGC), have found a new oil reservoir in deepwater offshore the Brazilian state of Sergipe on the country’s northeastern Atlantic coast.
Brazil's national oil-industry association, IBP, released a list of suggestions for regulatory changes on Monday that it hopes will boost exploration activity in the wake of falling oil prices, high costs, delays and ...
Russia’s Rosneft oil and gas company has acquired the remaining shares of Brazil’s Solimoins oil and gas fields in the Amazon River basin, Rosneft announced Monday in a statement.
Iran and Brazil have signed a memorandum of understanding (MoU) to build a new oil refinery in Latin America, an Iranian deputy minister of petroleum says.
Petrobras has finished drilling well 3-BRSA-1296-SES (ANP nomenclature) in the Sergipe Basin’s ultra-deep waters, in concession BM-SEAL-10, block SEAL-M-499
Four Petrobras oil platforms off the north-east coast of Brazil have halted production after a leak of about 44 barrels of oil was detected coming from a pipeline linking the platforms.
Brazil’s national oil company said a graft scandal cost it 6.2 billion reais ($2.1 billion) after a five-month internal debate that shut off access to bond markets, cost the chief executive her job and destabilized t ...