Brazil, already South America's largest economy, is on track to become a top four global oil producer following massive pre-salt discoveries, joining OPEC+ in 2025, and seeing a surge in investment ...
Brazil set a new production record in June 2025, lifting 4.9 million BOE/day, with crude output alone hitting 3.8 million barrels per day. Petrobras plans $111 billion in investments through 2029, ...
The UN’s Cop30 climate conference is fast approaching, with thousands of delegates from across the world set to gather from next week to drive forward climate action. With talks set to be held in the ...
Brazil's oil production decreased in 2024 but has since entered an upward phase with record-high outputs. The launch of new FPSOs and increased utilization rates are central to Petrobras' multi-year ...
As world leaders conclude the United Nations’ annual climate talks in Belém, Brazil— a summit meant to accelerate global action on phasing out fossil fuels—the Brazilian government is facing mounting ...
Petrobras PBR, the national oil and gas company of Brazil, successfully began the production of oil at the FPSO P-78 unit in the Búzios field, located in the pre-salt layer of the Santos Basin. This ...
RIO DE JANEIRO, Oct 2 (Reuters) - BP (BP.L), opens new tab will seek a partner for its major Bumerangue oil discovery in Brazil and could close a deal before making a final investment decision on the ...
Brazil’s heavy and extra-heavy oil—from mature offshore hubs in the Campos Basin to onshore clusters in Rio Grande do Norte and Bahia—continues to reinforce national energy self-sufficiency. Advances ...
Brazil state-run oil giant Petrobras said a drilling fluid leak off the coast of the Amazon region posed no environmental damage - Copyright AFP/File Eric PIERMONT ...