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BP Makes Biggest Oil Discovery in 25 Years

BP announces major oil-and-gas discovery in Atlantic Ocean
The BBC reported BP with its pivot hopes to increase production to between 2.3 million and 2.5 million barrels of oil per day by 2030. The Brazil find also comes at the same time BP announced that it started its Argos Southwest Expansion in the Gulf of Mexico. With Argos, BP is adding 20,000 barrels of oil equivalent per day.
BP makes its biggest oil and natural gas discovery in 25 years as it refocuses on fossil fuels
BP has made its largest oil and natural gas discovery in 25 years off the coast of Brazil, it said Monday, in a potential big boost for the British company following its strategic shift away from renewable energy to refocus on fossil fuels.
bp announces hydrocarbon discovery at Bumerangue exploration well, offshore Brazil
bp drilled exploration well 1-BP-13-SPS at the Bumerangue block, located in the Santos Basin, 404 kilometres (218 nautical miles) from Rio de Janeiro, in a water depth of 2,372 metres. The well was drilled to a total depth of 5,855 metres.
BP hails Brazil block as its largest global oil and gas find in 25 years
BP is seeking to bolster oil and gas in its portfolio to regain investor confidence and revive underperforming shares.
BP says it has made largest oil find of the century off Brazil
Amid a pivot back to its fossil fuel roots and away from renewable energy, Britain's BP said it had made its largest oil and gas discovery in 25 years.
BP to review oil and gas projects to boost profits
BP has been under ongoing pressure from investors for underperforming compared to its rivals in recent years. In February, BP slashed its planned investments in renewable energy projects and said it would spend billions of dollars more a year on its oil and gas operations in a bid to improve investor confidence.
BP Makes Potentially Largest Discovery in 25 Years Offshore Brazil
The energy giant said it discovered oil and gas in the deepwater Santos basin offshore Brazil as it seeks to grow global upstream production output.
BP strikes major oil discovery offshore Brazil, its largest in decades
(Reuters) -BP said on Monday it has made its largest oil and gas discovery in 25 years in Brazil's Santos basin, a so-called pre-salt area in deep water offshore which is believed to be a large reservoir of oil and gas.
BP says it makes biggest oil and gas find in 25 years
Energy giant BP says it has made its largest oil and gas discovery this century as it shifts its focus away from renewable energy and back to fossil fuels.
BP makes largest oil discovery in 25 years at offshore Brazil site
BP ( NYSE: BP) on Monday announced its biggest oil and gas discovery in 25 years at the Bumerangue prospect, located in deepwater offshore Brazil.
BP's big Brazil oil and gas find boosts prospects for Equinor, auction
BP's announcement on Monday of its largest global oil and gas discovery in 25 years in Brazil's offshore Santos basin bodes well for Equinor's nearby interests and strong appetite for an October auction of oil blocks in the region.
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BP announces major oil discovery off Brazil, while OPEC+ with Saudi Arabia leading, increase production

Britain’s BP oil and gas giant announced this week its biggest oil and gas discovery in 25 years off the coast of Brazil.

BP CEO hails exploration discovery boon after surprise profit beat

BP reported underlying second-quarter net profit of $2.35 billion, comfortably beating analyst expectations. The results come as the British oil and gas company continues to try to rebuild investor ...