Brazilian state energy giant Petrobras (NYSE: PBR) has announced a new oil discovery in the pre-salt Santos Basin, ...

In March, Petrobras reported that it had identified signs of oil in well 4-BRSA-1395-SPS, at a water depth of 1,759 meters and 245 kilometers from the city of Santos. "The company will now begin the ...

Petrobras said it made a new oil discovery at an exploration well in the pre-salt Santos Basin off the coast of Brazil.

Brazil's Petrobras has identified oil "of excellent quality and without contaminants" in an exploratory well at the pre-salt ...