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, ...

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 ...

CNOOC has installed the largest and heaviest offshore platform at a field in the Bohai Sea, the company said today, boasting the facility was 22.8 meters high and weighed over 20,000 tons. The ...

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 ...

Petrobras likely will delay awarding as many as four drilling contracts for its Buzios ffshore field by at least a few months until 2026, Bloombeg reported.

This November, as Brazil opened the curtains to host the U.N. Climate Conference, COP30, in the Amazonian city of Belém, the ...

A Santa Ynez Unit offshore oil platform as seen from El Capitán State Beach in southern Santa Barbara County. Credit: Giana Magnoli / Noozhawk file photo Sable Offshore Corp. announced that it resumed ...