Announced in 2007, the Lula field - originally called Tupi - was Brazil's first major pre-salt discovery and is estimated to have 6.5 billion recoverable barrels of oil.

Brazil’s state-controlled oil producer Petrobras announced on Thursday about 30 billion reais ($5.5 billion) in refining and ...

The project to extract oil from the mouth of the Amazon runs counter to Brazil’s national interest for several reasons. The ...

The Lula oil field has produced 1.033 million barrels of oil per day and 45.7 million cubic meters of natural gas in April, making it the largest one in terms of production, ...

The field came online in April 2018 with oil production steadily rising. While October 2022 output declined since hitting a record 611,806 barrels per day for June 2022, it was still a respectable ...

Brazil's President Luiz Inácio Lula da Silva is defending oil exploration near the mouth of the Amazon River as a way to finance a transition to green energy ...

Lula has had a long and complicated relationship with oil. When huge reserves were discovered off Brazilian shores in 2006, Lula said: “This discovery … proves that God is Brazilian.” ...

As shown by the 2010 disaster in the Gulf of Mexico when oil spilled out of control for 5 months from a leak at 1.5-km depth, no one has the technology to control a leak at that depth, much less ...

DUBAI, United Arab Emirates (AP) — Fresh off election victory, a year ago Brazilian President-elect Inacio Lula da Silva was the star of the annual U.N. climate talks. Lula promised to crack ...

Lula promised to crack down on deforestation and turn Brazil into an environmental leader, a complete turnaround after President Jair Bolsonaro rolled back regulations and encouraged land-grabbing ...

DUBAI, United Arab Emirates (AP) — Fresh off election victory, a year ago Brazilian President-elect Inacio Lula da Silva was the star of the annual U.N. climate talks. Lula promised to crack ...