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Brazil–Europe green shipping corridors move toward commercial design

Brazil, Norway and the Netherlands are evaluating specific routes for what could become the first deep-sea green shipping corridor connecting Brazil and Europe. A feasibility study identified three priority routes: Vila do Conde–Karmøy Santos–Rotterdam Pecém–Rotterdam...

Brazil creates a new framework for critical minerals

Brazil has enacted a new legal framework for critical and strategic minerals, establishing the National Policy for Critical and Strategic Minerals and creating the National Council for the Industrialization of Critical and Strategic Minerals. The policy seeks to move...

São Paulo court caps contractual retention at 25% in a timeshare agreement on grounds of excessive burden

In a ruling reported on September 16, the 1st Civil Court of Olímpia (State of São Paulo) ordered the developer to refund 75% of the amounts paid by a buyer who sought termination of a timeshare purchase agreement. Although the penalties formally complied with the...

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PPSA offers 13.9 million barrels in eighth spot auction

PPSA offers 13.9 million barrels in eighth spot auction

PPSA will hold its eighth spot auction of the Federal Government’s oil on August 26, offering approximately 13.9 million barrels from the pre-salt. Approximately 13 million barrels will come from Búzios and 900,000 barrels from Atapu, with deliveries scheduled between...

Brazilian ethanol targets the maritime fuel market

Brazilian ethanol targets the maritime fuel market

Maritime decarbonization is creating a new potential market for Brazilian ethanol. Recent industry initiatives have demonstrated the technical use of ethanol in transoceanic vessels, while global shipowners increasingly evaluate alternative fuels to meet tightening...

Brazil’s gas market moves toward greater competition

Brazil’s gas market moves toward greater competition

Industry participants see recent policy developments as important steps toward a more open and competitive Brazilian natural gas market. The CNPE has advanced the framework for commercialization of the Federal Government’s share of pre-salt gas, while ANP has moved...

Exploration moves toward a critical milestone

Exploration moves toward a critical milestone

Petrobras expects to complete drilling of its first deepwater exploratory well in the Foz do Amazonas Basin around the beginning of September. The well represents a critical step in evaluating the geological potential of the Equatorial Margin and may influence future...

Record production reinforces Brazil’s offshore capacity requirements

Record production reinforces Brazil’s offshore capacity requirements

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%...

New pre-salt contracts move into the exploration phase

New pre-salt contracts move into the exploration phase

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...

Alphanumeric CNPJ: new format begins issuance on July 31, 2026

Alphanumeric CNPJ: new format begins issuance on July 31, 2026

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 —...

Regulatory certainty becomes a competitive advantage

Regulatory certainty becomes a competitive advantage

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...

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