Huge oil reserves that may lie at the mouth of Amazon have sparked a bitter debate in Brazil about its role in climate ...

Petrobras (NYSE:PBR) moves closer to obtaining an exploration permit to drill in an environmentally sensitive offshore region ...

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 ...

Petrobras has received authorization for a pre-operational assessment, moving closer to an exploration permit for an environmentally sensitive offshore region in the Amazon basin.

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 ...

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

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

Brazil’s crude oil exports to the U.S. are facing an uncertain future as Washington prepares to impose sweeping 50% tariffs ...

Brazil is the world’s seventh-largest oil producer, with about 4.3 million barrels daily, or 4% of the world´s output, according to Energy Information Administration, a U.S. government agency.

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.