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 is on the verge of starting drilling the Pau Brasil wildcat on the pre-salt area of the same name in the Santos basin, resuming exploration activities in Brazil after more than a decade. BP has ...

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.. The ...

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 ...

Oil company BP Plc <BP.L> announced a major oil discovery at its Gila prospect in the deepwater U.S. Gulf of Mexico on Wednesday along with a $1.08 billion writedown on a failed exploration well ...

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 ...