Since the first big finds in the 1940s, Brazil’s politicians have vowed all of its people would benefit. But in some oil ...

Huge oil reserves that may lie at the mouth of Amazon have sparked a bitter debate in Brazil about its role in climate ...

BP is seeking to bolster oil and gas in its portfolio to regain investor confidence and revive underperforming shares.

(Reuters) -BP said on Monday it has made its largest oil and gas discovery in 25 years in Brazil's Santos basin, a so-called ...

BP has made its biggest oil and gas discovery in 25 years after drilling a successful well in a field off the coast of Brazil, in a boost to the energy group as it refocuses on fossil fuels.

Even as Brazil’s oil producers won some relief after US President Donald Trump exempted the commodity from tariffs, fresh concerns are now hitting the South American nation over its reliance on ...

BP's announcement on Monday of its largest global oil and gas discovery in 25 years in Brazil's offshore Santos basin bodes ...

Brazil’s government on Tuesday approved joining OPEC+, a group of major oil-exporting nations, signaling the country’s evolution into a major oil state just nine months ahead of hosting the ...

Energy companies operating in Brazil are expected to resume oil shipments to the US after several oil products were exempted from President Trump's 50% tariffs against the country.

UK supermajor BP has discovered hydrocarbons at one of its prospect exploration wells offshore Brazil, the company said on ...

Today, the pre-salt region accounts for almost half of Brazil's oil production, and is rising fast. Success there has piqued interest in other offshore regions of Brazil, including Foz de Amazonas.

Brazil is the world’s seventh-largest oil producer, with about 4.3 million barrels daily, or 4% of the world´s output, according to Energy Information Administration, a U.S. government agency.