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

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 ...

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 has staked its claim to the potentially lucrative offshore oilfields of Brazil with the £4.65bn acquisition of a tranche of assets from US firm Devon Energy. The deal includes ten exploration ...

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 ...

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.

“As partners in exploration blocks in offshore Brazil, BP and Petrobras have built a strong relationship – and I am delighted about this opportunity to bring together our complimentary ...

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 ...