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.

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

(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 ...

Global oil demand is set to grow by 1.38 million barrels per day (bpd) in 2026, OPEC said on Tuesday as it raised its ...

The Brazilian oil industry is facing a period of uncertainty after shipments to the US were suspended following President ...

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

Amid a pivot back to its fossil fuel roots and away from renewable energy, Britain's BP said it had made its largest oil and ...

Even as Brazil’s oil producers won some relief after US President Donald Trump exempted the commodity from tariffs, fresh ...

The U.S. has granted a tariff exemption for Brazilian crude oil, allowing exports to resume and avoiding a trade standoff.

TotalEnergies announces first oil from the fourth development phase of the Mero field on the Libra block, located 180 kilometers off the coast of Rio de Janeiro, Brazil, in the pre-salt area of ...

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.