The Búzios Field in the Santos Basin, the largest ultra-deepwater facility of that kind worldwide, produced 1 billion barrels of oil in March, the state-owned company Petrobras announced this ...
Oil prices ended nearly 15% higher on Monday, with the Brent benchmark seeing its biggest jump in about 30 years. The rise came after two attacks on Saudi Arabian facilities on Saturday knocked ...
“If you can remove the cost of drilling through the use of facilities that are ... the company has piloted the reuse of oil wells on another 40-year-old oil field in Nevada that’s still ...