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

Petrobras (NYSE:PBR) said Friday it has made a new oil discovery at an exploration well in the pre-salt Santos Basin off the ...

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 ...

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Brazil's government is preparing an extra auction this year of stakes in offshore oil areas to raise ... uncontracted parts of the pre-salt Tupi, Mero and Atapu fields, looking to raise ~20B ...

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

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 ...

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 ...