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BP makes largest oil discovery in 25 years

BP's big Brazil oil and gas find boosts prospects for Equinor, auction

BP's announcement on Monday of its largest global oil and gas discovery in 25 years in Brazil's offshore Santos basin bodes well for Equinor's nearby interests and strong appetite for an October auction of oil blocks in the region.

CNN · 3d

BP makes its biggest oil and natural gas discovery in 25 years as it refocuses on fossil fuels

BP has made its largest oil and natural gas discovery in 25 years off the coast of Brazil, it said Monday, in a potential big boost for the British company following its strategic shift away from renewable energy to refocus on fossil fuels.

Chron on MSN · 23h

BP announces major oil-and-gas discovery in Atlantic Ocean

The BBC reported BP with its pivot hopes to increase production to between 2.3 million and 2.5 million barrels of oil per day by 2030. The Brazil find also comes at the same time BP announced that it started its Argos Southwest Expansion in the Gulf of Mexico. With Argos, BP is adding 20,000 barrels of oil equivalent per day.

Brazil, Donald Trump

Fox Business on MSN · 20h

Trump raises tariffs on India, Canada, Brazil and others over stalled trade deals

The Trump administration implements sweeping tariffs while securing deals with key partners and maintaining temporary truces with Mexico and China.

USA Today · 7h

'I won't humiliate myself': Brazil's president sees no point in tariff talks with Trump

Brazil's President Luiz Inacio Lula da Silva told Reuters in an interview that he saw no room for direct talks with President Donald Trump.

U.S. News & World Report · 21h

Exclusive-Lula Rejects 'Humiliation' of Calling Trump Over US-Brazil Tariff

"The day my intuition says Trump is ready to talk, I won't hesitate to call him," Lula said in an interview from his presidential residence in Brasilia. "But today my intuition says he doesn't want to talk.

2don MSN

BP says it has made largest oil find of the century off Brazil

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 ...

Brazil sets new oil and gas production record with 4.9 million barrels per day

Brazil reached an all-time high in oil and natural gas output this June, producing a total of 4.9 million barrels of oil equivalent per day. The figures, released by the National Agency of Petroleum, ...

The Economist3h

South America is fast becoming the world’s hottest oil patch

BP is not the only driller betting big on South America, which last year produced around two-fifths as much crude oil as ...

GlobalData on MSN7d

Brazilian energy companies suspend oil exports to US due to potential 50% tariffs

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

13d

Brazil's ANP updates oil reference price rule in step that may raise royalty payments

Brazil's oil regulator ANP approved on Thursday new rules to set the reference price for oil produced in the country, a step ...

Is Brazil Too Reliant on Russian Diesel? Oil Group Looks at Risks

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

1hon MSN

Amidst Donald Trump’s 50% tariff on India, PM Modi to speak to Brazil President Lula; meeting with China’s Xi planned at SCO

Amid strained relations with the US, Prime Minister Modi is set to engage with Brazil's President Lula and visit China in ...

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