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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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Supply Chain Resilience and Energy Logistics

Supply Chain Resilience and Energy Logistics

Global energy markets continue to place increasing emphasis on supply chain resilience, fuel security and logistics capacity. For Brazil, this global trend reinforces the importance of investments in port terminals, storage infrastructure and fuel logistics. Measures...

TCU rules that Tecon Santos 10 auction process must undergo new review

TCU rules that Tecon Santos 10 auction process must undergo new review

Brazil's Federal Court of Accounts (TCU) determined that the concession process for Tecon Santos 10 — the largest container terminal at the Port of Santos, with projected investments of R$6.4 billion — must be resubmitted for court review before moving forward. The...

Fuel Stock Flexibility and Port Terminal Incentives

Fuel Stock Flexibility and Port Terminal Incentives

ANP has extended flexibility measures related to gasoline and diesel inventories, indicating continued regulatory focus on fuel supply resilience and market stability. In parallel, terminal expansion projects have been included within Brazil’s REIDI incentive regime,...

Shared Reservoir Governance in the Santos Basin

Shared Reservoir Governance in the Santos Basin

ANP has approved the unitization agreements for the shared reservoirs of Sururu and Berbigão, in the pre-salt of the Santos Basin. The agreements formalize the understanding between Petrobras, the federal government and partners Shell, TotalEnergies and Petrogal...

Rubi and the Strategic Repricing of Pre-Salt Opportunities

Rubi and the Strategic Repricing of Pre-Salt Opportunities

The Rubi prospect has been described by PPSA as a leading asset in the new pre-salt auction, reinforcing the continued attractiveness of Brazil’s offshore acreage for international and domestic investors. Market Impact Rubi’s relevance may strengthen investor appetite...

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