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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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Critical minerals move from energy policy to strategic trade

Critical minerals move from energy policy to strategic trade

Critical minerals are becoming a central component of international trade, industrial and security policy. A majority of the trade and economic cooperation instruments identified globally since the beginning of 2025 have addressed access to critical raw materials or...

ANP recommends discontinuing fuel formulation

ANP recommends discontinuing fuel formulation

ANP has approved a regulatory assessment recommending the discontinuation of gasoline and diesel formulation in the manner currently permitted under its regulation. The activity consists of producing gasoline or diesel through the mechanical blending of liquid...

Competitive neutrality and the return of brazilian shipbuilding

Competitive neutrality and the return of brazilian shipbuilding

Transpetro President Sérgio Bacci has stated that the procurement model adopted for the company’s recent vessel acquisition programs allowed Brazilian shipyards to compete on equal terms with international yards. The tenders were structured as open international...

Petrobras expands its West African upstream portfolio

Petrobras expands its West African upstream portfolio

Petrobras has completed the acquisition of a 27.5% interest in Block 4, offshore São Tomé and Príncipe. The company joins a consortium comprising Shell, as operator, Galp and the local petroleum authority. The acquisition complements Petrobras’ existing interests in...

Cabotage recovery supports maritime investment

Cabotage recovery supports maritime investment

Brazil’s cabotage market recorded growth of approximately 5.6% in the second quarter, indicating continued recovery in domestic coastal shipping. The increase reflects stronger cargo volumes and growing demand for alternatives to long-distance road transportation....

Record VLCC contracting and the tightening tanker market

Record VLCC contracting and the tightening tanker market

Global contracting of very large crude carriers has reached historically high levels, according to MSI, reflecting renewed confidence in long-term oil transportation demand and the need to replace aging tanker capacity. The increase in orders occurs as shipowners...

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