Petróleo Brasileiro S.A. - Petrobras PBR recently moved ahead with the divestment procedure of 25% of its minority interest in the Tartaruga field by initiating the binding phase of the proceedings.

If exploration is successful, it would be Exxon’s first oil discovery in Brazil as an operator. Exxon leads the prospect in the Sergipe-Alagoas basin, northeast of Brazil, with a 50% stake.

SPE Tiêta, a Petrorecôncavo subsidiary with a 75% interest, operates the shallow-water field in the Sergipe-Alagoas Basin.

Even when the Brazilian administration has abstained from making any announcement the Sergipe government has said “it is the largest oil discovery in the world this year”. “What we are doing ...

RIO DE JANEIRO (AP) — A judge has handed down long sentences to three former officers of Brazil’s Federal Highway ... in the northeastern state of Sergipe. Jurors found the officers guilty ...

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Sergipe State Government Two oil barrels have ... "We've never had an accident like this in Brazil... It's the first time we're seeing an accident with an undetermined source affecting so many ...

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Night - Cloudy with a 54% chance of precipitation. Winds variable at 6 to 9 mph (9.7 to 14.5 kph). The overnight low will be 73 °F (22.8 °C). Cloudy with a high of 87 °F (30.6 °C) and a 51% ...

The Brazilian company has launched a bid for up to two offshore oil production vessels for its Sergipe state deepwater project, SEAP. This announcement, made in a securities filing late on Friday ...