Brazil

Brazilian state-controlled oil company Petróleo Brasileiro (Petrobras) believes that oil discoveries in the subsalt layer of the Santos Basin off the south-eastern coast of Brazil... 2008-08-14

Brazilian state-controlled oil company Petróleo Brasileiro (Petrobras) has agreed to buy US major ExxonMobil's stake in Esso Chile Petrolera and its assets in other associated... 2008-08-11

Brazilian state-controlled oil company Petróleo Brasileiro (Petrobras) has announced the discovery of a new oil field on Block BM-S-11 in the Santos Basin.

US major Chevron and its partners may be forced to delay the start of production at the US$2.8bn Frade oil field project in Brazil by three months because of the late delivery of... 2008-08-07

Brazilian state-controlled oil major Petróleo Brasileiro (Petrobras) is to scale down its foreign exploration activities in order to concentrate on exploiting the Tupi oil field... 2008-08-04

Brazilian state-run oil company Petrobras says it has struck 'good quality' oil reserves in the offshore Espirito Santo Basin.

Brazilian oil workers have begun a five-day strike at the country's main oil fields in the Campos Basin.