UK supermajor BP has started drilling a new exploration well in the deepwater section of the Brazilian pre-salt polygon that ...

The deal gives BP seven exploration blocks in Brazil's Campos basin, which is a very promising oil basin in its own right, home to a number of significant producing oil fields.

What BP is doing in Brazil is a high-risk exploration project. This is not a field that has not been explored at all. There has been exploration in the area, and it has turned up zero barrels of oil.

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.

Brazil's government is seeking to extract over $6 billion from its oil sector through tax changes and new exploration ...

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 ...

It was supposed to be BP Plc’s big Brazilian breakthrough after years of setbacks in one of the world’s top destinations for offshore oil. The potential bonanza is still out of reach ...

BP, which overtook Exxon for the first time last year with 4 million barrels a day of production, will enter deepwater exploration off Brazil. With his biggest purchase since becoming chief ...

BP and Total, Europe’s biggest oil companies after Shell, won exploration rights in the Amazon basin as Brazil’s first oil auction in five years attracts a record level of bids. Total ...

It was announced on Monday that many of the major oil giants – including Shell, ExxonMobil, and BP – had come ... were slow to prioritise exploration efforts. Brazilian Association of ...

U.K.-based energy giant BP PLC (BP.LN ... oil in frontier areas similar to prolific Brazilian basins for the first time. The deal crystalizes an exploration opportunity announced earlier this ...