BP has no production in Brazil but participates in some exploration blocks with companies including state controlled Petrobras. The supermajor started drilling on 25 May in the Bumerangue area ...

UK supermajor BP has resumed exploration activities offshore Brazil with the drilling of the first wildcat in the prolific pre-salt province in more than 10 years. According to data from Brazilian ...

LONDON (Dow Jones Newswires), Nov. 9, 2011 . BP said Wednesday initial exploration of one of its recently acquired blocks in the deepwater Campos Basin offshore Brazil has shown "strong" evidence ...

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.. The ...

BP suffered another blow today after the oil giant announced it is taking a $1.1 billion (£675 million) hit on an uneconomic oil prospect off the coast of Brazil.

In Brazil, BP will have access to deepwater exploration in eight blocks in the Campos and Camumu-Almada basins, as well as two onshore licenses in the Parnaiba basin.

BP unveiled a significant oil discovery in the deep water Gulf of Mexico. The energy giant also said it will write off more than $1 billion related to an unsuccessful well in Brazil.

BP PLC and its partners reported the successful drilling of the Itaipu-2 appraisal well on Block BM-C-32 in the presalt play offshore Brazil. The well was drilled to 16,000 ft total depth in 4,660 ...

BP on Thursday confirmed it would enter the deep waters off the coast of Brazil, one of the world’s most promising areas for oil exploration, with a $7bn (£4.7bn) deal to buy . international ...

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.