Petrobras PBR, Brazil’s state-controlled integrated oil and gas company, is set to advance its offshore production capabilities with the upcoming deployment of the P-84 and P-85 Floating Production ...

Petrobras likely will delay awarding as many as four drilling contracts for its Buzios ffshore field by at least a few months ...

BP (NYSE:BP) on Monday announced its biggest oil and gas discovery in 25 years at the Bumerangue prospect, located in deepwater offshore Brazil. Bumerangue marks BP’s tenth discovery in 2025 to date, ...

Off-shore oil drilling currently accounts for over 35% of the world's total oil production, and that number has consistently risen over recent history. While a majority of oil extraction takes place ...

Equinor ASA and its partners have launched production in Bacalhau in Brazil's offshore Santos basin, which the Norwegian majority state-owned energy major said is the biggest field it has developed ...