UK supermajor BP has started drilling a new exploration well in the deepwater section of the Brazilian pre-salt polygon that ...

Brazil's environmental authority has approved one of the final requirements for state-run oil company Petrobras to proceed ...

UK supermajor BP has resumed exploration activities offshore Brazil with the drilling of the ... 13 June drilling of the Pau Brasil exploration well in the production sharing contract of the ...

BP Plc is preparing a deepwater well in Brazil in the latest attempt to break a streak of bad luck by oil majors who have paid billions for exploration rights and have little to show for it.

However, BP’s move in Brazil, as well as similar moves by other Big ... What BP is doing in Brazil is a high-risk exploration project. This is not a field that has not been explored at all.

BP said the Pitanga exploration well on Block BM-CAOL-13 in the Camamu-Almada basin, offshore Brazil, found no commercial quantities of oil or gas. The company said it would therefore write off $1 ...

BP and Total, Europe’s biggest oil companies after Shell, won exploration rights in the Amazon basin as Brazil’s first oil auction in five years attracts a record level of bids. Total ...

BP's $3.2 billion purchase of nine exploration licenses from Devon ... the rights to explore deep-water fields in Brazil's Campos Basin as well as onshore areas in the country's northeastern ...

(Bloomberg) — BP Plc is preparing a deepwater well in Brazil in the latest attempt to break a streak of bad luck by oil majors who have paid billions for exploration rights and have little to show for ...