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Trump Escalates Venezuela Oil Standoff, Tanker Escorts Signal New Phase

U.S. president wants return to the United States of “all of the Oil, Land, and other Assets that they previously stole from us”

Natural Gas Output Rose 18.6% in the 3rd Quarter

Domestic demand declined, with industrial consumption down 3.9% and thermal use falling more than 20%, according to petroleum institute’s bulletin

Petrobras Receives Bids to Restart UFN‑III

Engeko and Nova Engevix submit leading proposals in tenders for Três Lagoas fertilizer plant.

Brazil, Guyana & Argentina To Lead 2026 Oil Growth

EIA report highlights that the three countries will account for half of the global oil out rise next year

Prio Approves New Share Buyback Program

It allows the repurchase of up to 86,945,579 common shares and the trading of derivative contracts with physical or financial settlement

ExxonMobil To Exit 4 Pre-Salt Blocks In Campos & Santos Basins

Company has concluded activities in C-M-753 (Campos), S-M-536, S-M-647 and Titã (Santos) and returned them voluntarily

Petrobras Strike Spreads To Additional Operational Units

According to the FUP, the strike drew participation from eight refineries, 24 offshore platforms, 10 Transpetro units, four thermoelectric plants, two biodiesel plants, as well as onshore fields in Bahia, the Cabiúnas Gas Processing Unit (UTGCAB), and the Paulínia Compression Station (TBG)

BW Energy Changes Maromba Rig Contract

The new deal with Minsheng Financial Leasing (MSFL) converts the short-term agreement to a long-term one

Petrobras Maintains Production Despite Nationwide Strike

Workers stage protests across Brazil, but company says fuel supplies remain secure

Braskem: Novonor Strikes Deal With IG4 To Sell Stake

Private-equity fund will assume Novonor debt and gain exclusivity to sell most of the holding; former Odebrecht group to retain 4% interest

ANP Approves TotalEnergies Exit From Gato Do Mato Project

French company trades 20% stake for additional 3% in Lapa field; MME approval pending

Ineep Issues Equatorial Margin Exploration Recommendations

Study assesses geopolitical and environmental risks and calls for safeguards to ensure regional benefits while addressing conservation and energy-transition concerns.

ANP Holds Permanent Offer Concession Seminar

Event detailed the rules, potential, technical data and environmental guidelines for the areas available in the call for bids

Macapá Mayor Signs O&G Development Law

The “Petro Macapá” Law follows a Technical Cooperation agreement with the municipality of Macaé (state of Rio de Janeiro), initiated in June this year, aimed at exchanging experiences and building public policy to support the development of the oil industry in the Amapá state capital

TBG Launches Extraordinary Gas-Transport Contract Offering

Interested companies have until Monday Dec. 15 to complete registration, undergo qualification procedures and finalize the Master stage of the process

Diesel B To Maintain Lead Among Transport Energy Sources

Brazilian government study also shows a gradual decline in gasoline C consumption in light vehicles

Casa Dos Ventos Signs US$ 907 M Vestas Contract

The contract provides for the supply of 184 turbines for the Dom Inocêncio wind complex, which will have 828 MW of capacity

Aneel Begins Process That Could Lead To Revocation Of Enel SP Concession

Electricity regulator says it will evaluate recurrence of company’s failures to restore service in the Dec. 10 outage in conjunction with Arsesp

São Paulo Lawmakers Seek Federal Intervention In Enel

Letter to Chamber of Deputies President Hugo Motta draws support from 24 lawmakers from multiple political parties

Petrobras Buys 49.99% Stake In bp’s Brazilian Solar Energy Business

Joint venture with Lightsource bp aims to expand renewable portfolio and scale solar generation

Aneel Mandates Stronger Storm Contingency Plans in SP and RJ

Given the expectation of severe weather events, the measure seeks to reduce impacts and ensure a secure supply

Bradesco & Neoenergia Complete 1st Green Debenture Issuance

US$ 184 M green bond deal under Eco Invest program split between Neoenergia Coelba and Elektro

Solar Energy Is 7 Times Cheaper In Brazil Than In The USA

Survey conducted by Solfácil shows that, in practice, Brazilian consumers pay 13% of the price charged in the American market

Abraceel To Adopt Self-Regulation In 2026

To strengthen market security, the Brazilian electricity trading association will begin monitoring member behavior and risk indicators

Enel Could Lose São Paulo Power Concession Over Service Failures

Brazil’s energy minister says repeated violations following storm-related blackout could trigger sanctions, including revocation of the utility’s license

Cemig Announces US$ 8 B Investment Plan

State of Minas Gerais Utility sets aside roughly R$ 6.7 billion (US$ 1.2 B) for 2026 as it positions for energy transition and system modernization

Rio De Janeiro State Assembly Approves Policy For Offshore Energy Transition

Bill 4,255/24, which establishes the State Policy to Support the Offshore Energy Transition and Marine Spatial Planning, will support national planning for the use of offshore areas for energy purposes

CPFL Energia Seeks Partners For R&D And Innovation Projects

Startups, universities and research institutions can submit proposals through Feb. 27

Brazil’s Supreme Court Ratifies Axia-Government Agreement

Government gains guaranteed seats on board and audit committee of the former Eletrobras state utility

Eve Air Mobility: BNDES Approves US$ 37.04 M For Flying Car Project

With resources from the Climate Fund, the company will work on the integration phase of the electric motor and on testing the certification prototype of the eVTOL

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From The Media

DEZ 18, 2025 - Reuters

Chinese low Earth orbit satellite company SpaceSail will start providing internet access to remote areas in Brazil in the first half of 2026, President Lula da Silva's chief of staff, Rui Costa, said on Wednesday. SpaceSail and Brazil's state-owned telecom Telebras had signed a memorandum of understanding in late 2024 to offer satellite internet services for schools, hospitals and other essential services in the South American country.

DEZ 18, 2025 - Caixin Global

Brazil’s wind power market is slowing amid grid bottlenecks, high costs and tight financing, testing Chinese renewable energy firms in the country, said an industry executive, who predicted a recovery around 2027. “From a resource perspective, Brazil is one of the best wind markets globally, especially the Northeast,” Guan Feng, head of Latin America operations at Chinese turbine maker Sany Renewable Energy Co. Ltd. (688349.SH), said in a recent interview with Caixin in São Paulo. Guan described Brazil as a market with clear long-term potential, though it is currently hampered by power transmission bottlenecks and other challenges.

DEZ 18, 2025 - MercoPress

Bolivian President Rodrigo Paz Pereira has announced a drastic economic overhaul, declaring a state of “economic, financial, energetic, and social emergency,” which includes ending fuel subsidies that have been in place for over 20 years and implementing a significant increase in the minimum wage to offset the resulting inflation. He described the move as a “historic decision to rescue the fatherland” that will allow the government to “act fast, coordinate the State, and take firm actions to stabilize the economy, protect Bolivian families, and grow by producing.” For two decades, Bolivia maintained a fixed fuel price of approximately $0.53 USD per liter, costing the state over US$2 billion annually.

DEZ 18, 2025 - Offshore Energy

While disclosing seven new contract extensions with Petrobras in Brazil, DOF explains that five of its Brazilian-flagged anchor handling tug supply (AHTS) vessels, all with remotely operated vehicles (ROVs) on board. The ships that had their current contracts extended until Q1 2027 are Skandi Fluminense, Skandi Paraty, Skandi Angra, Skandi Urca, and Skandi Iguaçu. The new four-year contracts for the five vessels that were signed and announced in May-June 2025 with original planned commencement in Q1 2026 have had start-ups postponed until Q1 2027 with all other terms and conditions unchanged. As a result, the new contracts will run until Q1 2031. Aside from this, Petrobras and DOF agreed to extend the two current research/resupply vessel (RSV) contracts for the ships, Skandi Chieftain and Skandi Olympia.

DEZ 18, 2025 - Discovery/Alert

The strategic positioning of South American crude producers has emerged through a confluence of market timing and technological capability that few analysts anticipated a decade ago. Global crude output experienced a remarkable 2.2 million barrels per day (MMbpd) increase in 2025, with non-OPEC producers contributing approximately 1.7 MMbpd of this expansion. Within this context, Brazil, Guyana, and Argentina collectively accounted for roughly 28% of total global crude production growth during 2025. This production surge occurred despite OPEC+ coordination efforts that temporarily offset non-OPEC gains throughout 2024.

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