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International operators reassess Brazil’s place in their exploration portfolios

The latest ANP auctions illustrate how Brazil continues to compete for international exploration capital amid global uncertainty over energy demand, reserve replacement and investment priorities. The participation of companies such as Equinor, Galp, CNOOC, Sinopec and...

Brazil’s R$160 billion infrastructure pipeline creates new maritime opportunities

Brazil’s Ministry of Ports and Airports has presented an investment portfolio of approximately R$160 billion for 2027–2030, encompassing ports, shipbuilding, inland waterways, airports and logistics infrastructure. The maritime components are particularly significant....

Fracking before the STJ: a defining moment for unconventional exploration

Brazil’s Superior Court of Justice (STJ) is scheduled to resume, on October 14, 2026, its judgment concerning the legality and conditions applicable to hydraulic fracturing in unconventional oil and gas exploration. The case, examined under Incident of Assumption of...

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Brazil pushes for biofuels to compete on measured carbon performance

Brazil pushes for biofuels to compete on measured carbon performance

Brazil continues to advocate internationally for the removal of regulatory and technical barriers affecting ethanol, biodiesel and other renewable fuels. The debate is becoming increasingly relevant as global decarbonization policies move beyond road transportation...

BNDES reduces financing friction for energy-efficiency projects

BNDES reduces financing friction for energy-efficiency projects

BNDES has reformulated FGEnergia, its guarantee mechanism for energy-efficiency financing, eliminating the guarantee fee through December 2027. The program is focused on micro, small and medium-sized companies and may guarantee up to 80% of financed amounts, with a...

Mercosur–EFTA opens a new chapter for Brazil–Norway offshore trade

Mercosur–EFTA opens a new chapter for Brazil–Norway offshore trade

The Mercosur–EFTA Free Trade Agreement will begin producing bilateral effects between Brazil and Norway on November 1, 2026. The agreement introduces preferential tariff treatment across a wide range of products while also addressing trade facilitation, technical...

Fracking returns to the center of Brazil’s exploration debate

Fracking returns to the center of Brazil’s exploration debate

Brazil’s upcoming oil auction has renewed the dispute over the offering of exploratory blocks located in sedimentary basins with potential for unconventional oil and gas resources. Environmental organizations have challenged the inclusion of areas where future...

STJ expands the ICMS-importation cost base

STJ expands the ICMS-importation cost base

Brazil’s Superior Court of Justice has ruled that customs expenses such as cargo-handling costs may form part of the ICMS-importation tax base, even where those amounts are excluded from customs value for purposes of federal import taxation. The decision distinguishes...

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