South America has become the largest source of new oil exports in 2026, adding 155 million barrels of exports through May.

Recently, the International Energy Agency (IEA) identified Brazil as a key non-OPEC oil producer responsible for driving global production growth. A swathe of world-class ultra-deepwater pre-salt oil ...

Brazil's rapidly expanding offshore oil and natural gas production is positioning the country as one of the world's most important non-Middle Eastern energy suppliers amid rising global supply risks.

TotalEnergies has opted not to proceed with the development of two heavy oil fields offshore Brazil as the French supermajor channels part of its investments in the country to renewable energy ...

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 ...

BRASILIA/SAO PAULO, Oct 22 (Reuters) - Brazil won a partial victory in an international dispute about the Tupi oilfield against a consortium formed by Petrobras (PETR3.SA), opens new tab, Shell ...

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 ...

Equinor started production from Bacalhau field in the Santos basin pre-salt offshore Brazil through the 220,000 b/d Bacalhau FPSO, which measures 370 m in length and 64 m in width. Equinor started ...

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 ...

The discovery occurred at well 4-BRSA-1403D-RJS, situated 108 km offshore from the city of Campos dos Goitacazes, within a water depth of 734 meters. This depth indicates that Petrobras has once again ...