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 ...

Brazil’s Lula government is pursuing new oil auctions and refinery expansions despite ambitious net-zero targets, aiming for ...

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.” ...

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 ...

Brazil and its Petrobras oil company have had plenty of time to develop the ultra-deepwater pre-salt oil assets since their discovery in 2006 at the Tupi field, which is estimated to hold 8 ...

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 ...

What a difference a year makes. Just as Lula addressed world leaders at COP28 in Dubai, it was announced that Brazil would join OPEC+, a group of big oil-exporting countries, including Russia.

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 ...

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 ...