Petrobras, Exxon Mobil Corp. and Chevron Corp. won exploration rights in Brazil’s Equatorial Margin, betting that the ...

Petrobras,  Exxon Mobil Corp and Chevron Corp win exploration rights in Brazil's Equatorial Margin, betting that the nation's ...

Exxon Mobil (XOM) and Chevron (CVX) won exploration rights for several blocks in the environmentally sensitive Foz do ...

Critics fear oil exploration at the mouth of the Amazon River is a step backwards from Lula’s ‘zero emissions’ goal.

The South American nation is drawing scrutiny for opening a large swath of ocean to oil companies as it prepares to hold the ...

Petróleo Brasileiro S.A. - Petrobras PBR has signed three major contracts worth around $892 million with Consag Engenharia to complete Train 2 at the Abreu e Lima Refinery (RNEST) in Pernambuco, ...

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Exxon Mobil and Chevron on Tuesday took their first steps toward exploring for oil in Brazil's Foz do Amazonas basin, ...

Brazil has auctioned off several land and offshore potential oil sites near the Amazon River, aiming to expand production in ...

Brazilian state-run oil firm Petrobras announced on Monday it signed contracts worth approximately 4.9 billion reais ($892.3 ...

The Portuguese energy company said it will own a 30% stake in the blocks alongside Brazil's Petrobras, which will own 70% and be the operator. The concessions in the Pelotas basin were granted by the ...

Petrobras, Exxon Mobil Corp. and Chevron Corp. won exploration rights in Brazil’s Equatorial Margin, betting that the nation’s environmental regulator will finally open the promising offshore oil ...