The new Brazilian government plans to offer low-priced credit, subsidies, and other incentives to allow local contractors to bid competitively on offshore oil platforms and other Petrobras ...

MARGARET WARNER: The P-51 oil platform rises from the South Atlantic off the Brazilian coast like a fire-breathing leviathan of mythic times. As the U.S. fights to pacify the BP gusher in the Gulf ...

Environment: 40-story offshore rig held 400,000 gallons of fuel. No major ecological damage is expected, but the nation's finances are harmed.

The P-51 will be interconnected to 19 wells (10 oil and gas producers and 9 water injectors) and will produce 22° gravity oil. The platform has the capacity to process 180,000 b/d of oil and 6 ...

RIO DE JANEIRO, Aug 15 (Reuters) - A Brazilian oil workers' union wants operations halted at four more offshore oil platforms run by state oil company Petrobras for lack of safety, local media ...

The average production for the month of June 2015, in the pre-salt area, was 751.2 thousand bb/d of oil and 27.8 million m3 per day (m3/d) of natural gas, totaling 926.1 barrels of oil equivalent ...

Recently, there has been exploratory success by Petrobras at an unnamed deepwater play around 200km offshore of the coast of the state of Pará, in the Pará-Maranhão Basin and also off Rio ...

Overall, ANP said Brazil's total oil production in October fell 7.8% Y/Y to 3.27M bbl/day, citing scheduled shutdowns of more than 15 days at two platforms in the Buzios offshore field two ...

PBR partners with Constellation for a $528 million deal to deploy the Amaralina Star drillship offshore Brazil, enhancing operations in key oil fields.

The largest offshore oil production unit installed in Brazil to date—the Almirante Tamandaré, or Búzios 7—has started operating in the Búzios field, in the Santos basin, some 180km off the ...