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Brazil will drill massive oil find despite climate concerns: minister

(Reuters) - Brazil will push to expand oil drilling in its massive “pre-salt” oil and gas area off its coast in spite of growing...

Brazil, Guyana stand out with huge ongoing investments in oil developments...

South American neighbours Brazil and Guyana are experiencing unprecedented investments in oil developments that will see production from these countries ballooning in coming years...

Brazil, China, UAE firms in second round of bids for Petrobras...

(Reuters) - Brazil’s state-controlled oil company Petroleo Brasileiro SA (PETR4.SA) has selected four groups for the second round of bidding for four refineries up...

Brazil + OPEC forever? Hold off on those wedding invites says...

At an October forum in Saudi Arabia, Brazil’s president Jair Bolsonaro suggested that he would like to see Brazil join OPEC. If such a...

Brazil subsalt production-sharing fields to pump 3.9 million b/d by 2031:...

Output from oil fields in Brazil’s subsalt frontier covered by production-sharing agreements will surge over the next decade to 3.9 million b/d by 2031,...

SBM Offshore and Constellation complete minority ownership transaction

SBM Offshore and Constellation Oil Services Holding S.A. said on Friday they have successfully completed the transaction regarding the sale to SBM Offshore of...

Petrobras set to become world’s largest oil producer

Brazil’s Petrobras is on track to become the world’s largest oil producer among publicly listed companies by 2030, based on Rystad Energy’s latest data and...

Price tag for Brazil oil blocks was too high – Petrobras...

Brazil’s largest-ever auction of oil deposits conducted just over a week ago was a total flop and CEO of state-controlled Petroleo Brasileiro SA says...

Total announces first oil from Brazil’s offshore Iara license

French oil giant Total announced on Friday first oil from the Iara license (Block BM-S-11A), located in the deepwater Santos Basin pre-salt in Brazil. According...

Brazil oil auction a ‘total disaster’ as bidders stay away

(Bloomberg) Brazil’s largest-ever auction of oil deposits flopped, sending the real tumbling, after state-controlled Petroleo Brasileiro SA did most of the bidding while other...