UK supermajor BP has started drilling a new exploration well in the deepwater section of the Brazilian pre-salt polygon that ...

UK supermajor BP will first participate in drilling at the Petrobras-operated Dois Irmaos and Alto de Cabo Frio Central areas before turning its attention to exploration drilling on its own ...

Oil giant BP has announced a deal that will allow it to begin exploring off the coast of Brazil. It will pay US firm Devon Energy $7bn (£4.7bn) in cash for its Brazilian assets, as well as US ...

“BP is delighted with this result. It will increase our frontier exploration exposure along Brazil’s equatorial margin and plays to our strengths in deepwater. We look forward to a successful ...

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.

BP and Total, Europe’s biggest oil companies after Shell, won exploration rights in the Amazon basin as Brazil’s first oil auction in five years attracts a record level of bids. Total ...

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.

(Bloomberg) — 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 ...