FEATURED PUBLICATIONS
Brazil’s first union gas auction: a new contracting landscape for industrial consumers
Brazil has taken an important step toward expanding competition in its natural gas market. On October 22, Pré-Sal Petróleo S.A. (PPSA) successfully concluded its first direct auction of natural gas belonging to the Union, allocating all 110 lots offered, equivalent to...
Europe’s changing oil supply patterns strengthen Brazil’s export position
Brazil’s trade relationship with the European Union has undergone a significant shift in 2026, driven largely by increased crude oil exports. According to Fundação Getulio Vargas’ Icomex report, Brazil’s trade balance with the EU moved from a US$1 billion deficit in...
Oeste de Jubarte advances toward a potential pre-salt auction
ANP has approved geological, geophysical and economic studies concerning Oeste de Jubarte, a prospective offshore block located in the Campos Basin. The area covers approximately 690 square kilometers within Brazil’s pre-salt polygon and is adjacent to the established...
Inhaúma’s revival: the P-35 tests Brazil’s offshore asset-services papacity
Petrobras’ P-35 FPSO was scheduled to berth at the former Inhaúma Shipyard, in Rio de Janeiro, on October 19, 2026, marking an important step in the revitalization of a facility that has remained inactive in shipbuilding and repair activities for approximately a...
When reservoir boundaries become financial obligations: Petrobras’ US$859 million pre-salt settlement
Petrobras has signed Expenses and Volumes Equalization Agreements (AEGVs) with Shell, TotalEnergies and Petrogal concerning the shared reservoirs of Berbigão and Sururu, located in the Santos Basin. Under the agreements, Petrobras is expected to receive approximately...
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...
Record bonuses, selective bidding: Brazil’s next offshore investment cycle
Brazil’s National Agency of Petroleum, Natural Gas and Biofuels (ANP) concluded two licensing rounds on October 7, generating more than R$3.5 billion in signature bonuses and expanding the country’s exploration portfolio. The fourth Permanent Production Sharing Offer...
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...
Federal Court orders Discord to adopt age verification and new moderation rules in Brazil
In a public civil action brought by the Federal Attorney General's Office, the Federal Court of the Federal District granted in part an interim injunction requiring the platform to deploy age verification mechanisms going beyond self-declaration, to link accounts of...
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...
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