The manager of an oil tanker being probed by Brazilian authorities in connection with an oil spill off the country’s coast has found “no proof” of the vessel conducting activities that may have led to leaks on a journey between Venezuela and Malaysia.
Saudi Arabia's giant state oil company finally kick-started its initial public offering (IPO) on Sunday, announcing its intention to float on the domestic bourse in what could be the world's biggest listing as the kingdom seeks to diversify its economy away from oil.
Hess Corp's first oil in Guyana, where it is a partner in the crude-rich ExxonMobil-led Stabroek offshore block, will be in December, ahead of the previously stated Q1 2020 date, a top company executive said on Friday.
A Greek-flagged tanker is the main suspect in oil spills that have been appearing along the coast of Brazil for two months, the defense ministry said Friday, finally lifting some of the suspense over this environmental catastrophe.
With mystery oil slicks still moving down Brazil's coast, the Brazilian Navy sent more ships on Thursday to try to prevent the pollution of unique coral reefs of the Abrolhos Archipelago marine park, a haven of South Atlantic Ocean biodiversity.
Oil spills washing up on beaches along more than 2,000 kilometers of Brazil’s northeast coastline could be the worst environmental “attack” in the country’s history, the CEO of Petrobras said on Tuesday.
When oil executives arrive in Rio de Janeiro this week for Brazil’s biennial Offshore Technology Conference, they will find themselves in Latin America’s most promising market for Big Oil by far. This signals a dramatic change from only a year ago.
A boy walks ashore in Brazil in filthy waist-high water with a look of exasperation and his body smeared in oil, a photographer takes a shot, and the image goes viral.
South America, including the Falkland Islands, has the highest number of planned and announced floating production storage and offloading (FPSO) additions globally between 2019 and 2025, with 27 projects. This is followed by Africa, Asia and Europe with a respective 15, eight and seven FPSOs, says GlobalData, a leading data and analytics company.
Brazil has collected more 600 tons of oil from its northeastern beaches since Sept. 12, the government said, more than double an estimate of oil and sand collected by state-run oil company Petrobras.