By Daniel Shailer In late August 2019, fishing communities along the northeast coast of Brazil reported black oily stains ...

BRASILIA, Brazil (AP) — Brazil’s government on Tuesday approved joining OPEC+, a group of major oil-exporting nations, signaling the country’s evolution into a major oil state just nine months ahead ...

RIO DE JANEIRO (Reuters) -Energy companies operating in Brazil are expected to resume oil shipments to the United States after several oil products were exempted from U.S. tariffs, the head of ...

Brazil’s oil production hit a record 4.24 million barrels per day in March 2026, driven largely by ultra-deepwater pre-salt developments in the Santos Basin. Petrobras, Shell, and Equinor are pouring ...

RIO DE JANEIRO (Reuters) -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 ...

The news: Shares in Karoon Energy slipped in afternoon trade after the oil and gas producer flagged a 60-day extension of ...

Brazil's government on Thursday approved ​the extension of a 12% tax on crude oil exports ‌for another 60 days, a measure ...

Petrobras is prioritizing a $111 billion 2025–2029 investment plan, with $77 billion for oil and gas E&P. Petrobras’ Q2 profit of $4.7 billion beat last year’s loss. Investors were somewhat ...

PARIS--(BUSINESS WIRE)--Regulatory News: TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) announces first oil from the third development phase of the Mero field on the Libra block, located 180 ...

Brazil will end subsidies for diesel ⁠and ⁠gasoline if the price of crude oil stabilizes ⁠around $80 per barrel due to progress toward a U.S.-Iran deal to end their conflict, the executive secretary ...

China and India are increasingly turning to Brazil to make up for lost oil supplies as the fallout from the US-Israel war on Iran continues to disrupt energy trade through the Strait of Hormuz. With ...