Brazil's Pre-Salt Oil Production Drives Growth Market players have invested heavily in floating production units to tap these deep fields. The FPSO Almirante Tamandaré can process 225,000 barrels ...

In June, Brazil's state-run Pre-Sal Petroleo is set to hold an auction for oil to be produced under sharing contracts in pre-salt oil fields. President Luiz Inacio Lula da Silva's government aims ...

Subsea7 has secured a “super-major” contract for the development of the Búzios 11 field located approximately 180 kilometers (112 miles) off the coast of the state of Rio de Janeiro, Brazil. Subsea7 ...

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Subsea7 has secured a super-major contract by Petrobras, after winning a competitive tender, for the development of the ...

Equinor ASA EQNR, the Norwegian energy major, has signed a significant agreement to sell its 60% operated interest in Brazil's Peregrino oil field to PRIO Tigris Ltda., a subsidiary of Brazilian ...

Equinor Brasil Energia Ltda. has sold its 60% operated interest in Brazil’s Peregrino oil field to Prio Tigris Ltda. for up ...

Equinor's Brazilian subsidiary has signed an agreement to sell its interest in the Peregrino field to Prio Tigris, a unit of PRIO SA, Brazil's largest independent oil-and-gas firm, the company ...

In June, Brazil's state-run Pre-Sal Petroleo is set to hold an auction for oil to be produced under sharing contracts in pre-salt oil fields. President Luiz Inacio Lula da Silva's government aims ...

Norwegian energy major Equinor is selling a 60% stake in a Brazilian oil field for about $3.50 billion, part of its effort to "high-grade" its international portfolio. Equinor's Brazilian ...

BRASILIA (Reuters) - Brazil's government is preparing an extra auction this year of stakes in offshore oil areas to boost revenue, a plan gaining steam amid falling oil prices and rising global ...