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 ...

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.. The ...

BP has plans to continue exploring for oil deposits offshore Brazil, as the UK supermajor targets reservoirs in the Tupinamba pre-salt area in the southernmost portion of the prolific Santos basin.

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 said on Thursday that it will pick up interests in 10 exploration blocks in Brazil, Devon's stake in the Kakskida discovery in the Gulf of Mexico, a portfolio of deepwater exploration acreage ...

BP's$3.2 billion purchase of nine exploration licenses from Devon Energy Corp. in Brazil was authorized by the country's oil regulator after the Gulf of Mexico spill in 2010 delayed the ...

Brazil's energy regulator said on Wednesday its review of BP's <BP.L> $7 billion deal with Devon Energy <DVN.N> to buy assets in the country was unrelated to BP's Gulf of Mexico accident.

LONDON (MarketWatch) -- BP on Thursday named Andy Inglis as head of its exploration and production division, effectively immediately, to let Tony Hayward focus on his role as chief executive ...

BP's$3.2 billion purchase of nine exploration licenses from Devon Energy Corp. in Brazil was authorized by the country's oil regulator after the Gulf of Mexico spill in 2010 delayed the ...