Perenco is reactivating Cherne and Bagre concessions offshore Brazil. The fields, acquired from Petrobras, have been ...

(Bloomberg) -- Brazilian regulators are cracking down on some offshore drilling by oil giants like Petrobras and Equinor ASA, complicating exploration and production projects at a key moment in the ...

Brazil, Argentina, and Guyana are emerging as significant global energy players, driving substantial oil production growth in ...

Brazilian oil company Prio has received an installation license from Brazil's environmental agency Ibama to hook up wells at its Wahoo field to its offshore production platform, the company said in a ...

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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 ...