Brazilian oil and natural gas production reached a new record in June, with combined output exceeding 5.8 million barrels of oil equivalent per day. Oil production alone reached approximately 4.47 million barrels per day, while the pre-salt accounted for more than 80%...

Petrobras reported net income of approximately R$ 52.4 billion in the second quarter of 2026, supported by stronger international oil prices, rising production and increased exports. Average oil and gas production reached approximately 3.34 million barrels of oil...

The Brazilian government has signed five production sharing contracts resulting from the third cycle of the Permanent Production Sharing Offer. The contracts cover the Itaimbezinho, Jaspe, Citrino, Esmeralda and Ametista blocks in the Santos and Campos basins and...

Brazil is moving toward its first auctions for the commercialization of natural gas belonging to the Federal Government under pre-salt production sharing contracts. The CNPE has restructured the PPSA commercialization framework around two models: annual short-term...

Brazil’s Federal Revenue Agency (Receita Federal) began issuing CNPJs (National Registry of Legal Entities) in alphanumeric format for new registrations and branches on July 31, 2026, driven by the exponential growth in the number of active business establishments —...

Global competition for energy investment increasingly depends not only on natural resources but also on regulatory predictability. Two recent Brazilian developments reinforce this trend. First, IBAMA's approval of the Campos Basin Area Plan strengthens emergency...

Brazilian ports continue to expand oil export infrastructure in response to the rapid increase in pre-salt production. New investments include the expansion of storage capacity, marine terminals, loading systems and associated logistics infrastructure designed to...

The Brazilian government has intensified diplomatic discussions on energy and mining cooperation with several Asian countries, reflecting the region's growing importance as both an investment source and a strategic destination for Brazilian commodities and energy...

Petrobras has confirmed that continued production growth will be accompanied by a strategy to diversify crude oil exports and access new international markets. As pre-salt production continues to expand, the company intends to reduce dependence on traditional buyers...