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Lula’s Government Maintains Petrobras Expansion

Proposals for his fourth term include restoring Petrobras’ role in controlling oil and gas reserves, increasing investment in mature-field revitalization, returning to fuel distribution, expanding refining capacity and broadening Transpetro’s role in LNG logistics

PPSA To Hold 10th Spot Oil Auction On Wednesday, October 28

Auction will offer approximately 4.5 million barrels of crude oil from the Búzios field, with cargo liftings scheduled for December 2026

Government-Owned Natural Gas Auction Delivers Discounts Of At Least 30% For Industrial Buyers

All 5 participating industrial segments secured natural gas prices below their usual benchmarks, with discounts ranging from 38% to 57%, according to the Mines and Energy Ministry

Creditors Seek Involuntary Chapter 11 Bankruptcy For Braskem USA Subsidiary

Three investment funds are seeking to recover US$ 272 million in debt securities issued by Braskem America Finance Company, a financing subsidiary whose notes are guaranteed by the Brazilian petrochemical company

Karoon Selects TechnipFMC For Neon EPCI

Company also confirmed a revised version of the development concept for its Santos Basin asset

PPSA Auction Confirms Pent-Up Natural Gas Demand

PPSA CEO Luis Fernando Paroli expects proceeds to exceed R$ 350 million (US$ 69.7 M) and projects daily volumes of 1.8 million cubic meters for the 2027 auction

PetroReconcavo Proposes Subsidiary Spin-Off Ahead Of Sale To Keo Capital

Company plans to transfer SPE Tiêta’s O&G assets to a newly formed entity before selling the subsidiary for R$ 2.6 million (US$ 517,000). The transaction remains subject to regulatory approvals, closing conditions and shareholder approval

Petrobras Supports Gas Release Hearing Postponement

The company had already expressed a desire to extend the discussion, although ANP says the postponement was not requested by any “economic agent”

Petro-Victory & Eneva End São João Field Agreement

Companies terminate 2024 MoU after fulfilling its binding requirements; Petro-Victory retains full ownership and operatorship of the field

Tsea Invests US$ 9.71 M To Expand Betim Factory

State of Minas Gerais facility will add new power transformer manufacturing to its existing refurbishment operations

PPSA: 36 Companies Qualify For Federal Government Natural Gas Auction

Auction scheduled for Thursday (Oct. 22) will offer 1.1 million m³/day, targeting energy-intensive industries

Eneva Reports 3Q26 Gas Production Decline

Lower volumes were driven by reduced thermal power demand at the Parnaíba complex between 3Q25 and 3Q26

Cambiaso Risso & Korsa Form Brazilian JV

New company – CR Korsa Brasil – will serve the Brazilian market while supporting Cambiaso Risso’s expansion across Latin America

Petrobras Seeks Solution To Remove Hydrates From Flowlines

Project aims to reuse decommissioned risers for hydrate dissociation without drilling rigs, using PLSV or MPSV vessels supplied by the state-controlled oil company

Abespetro Assesses Effects Of Ending 6-Day Work Week On O&G Production Chain

According to the association, which represents petroleum sector companies employing around 70,000 people, the change in working hours puts overtime calculations, special work arrangements and potential impacts on offshore operations in the spotlight

Lula Pledges To Attract Data Centers With Renewable Energy

President-elect’s next-term agenda calls for energy efficiency, assessments of data centers’ impacts on power grids, and expanded investment in battery storage and transmission infrastructure

Reduced Power Costs Help Slow IPCA-15 October Inflation

The switch to the green tariff flag contributed to the decline. October National Grid 4.2% increase forecast

Itaú BBA Cuts Cemig Earnings Forecasts By Up To 53.8%

Bank revises estimates to reflect recent results, Gasmig’s tariff review, and updated assumptions for electricity prices, generation curtailment and hydrological risk

Brazil Seeks Public Input On Amazon Energy Program Targets, Using 2022 As Cost Baseline

Proposal calls for lower emissions, reduced fossil fuel consumption and lower electricity generation costs in isolated power systems by 2030 and 2035

Electricity Distributors Reinforce Grid For Runoff Election

Measures include additional crews, real-time monitoring and preventive actions at facilities linked to the electoral process

Delta Energia Backs Cobre Implementation

Company says replacing the Newave and Decomp models with the new computational system is necessary to correct distortions in electricity price formation

Brasol Reports US$ 437 Million In Cumulative Brazil Investments

Company has more than 200 operating projects across 21 states and the Federal District and is expanding into battery energy storage

Brazil’s Supreme Court Clarifies 10-Year Deadline For Electricity Bill Refunds

Electricity distributors must return recovered PIS/Cofins tax credits to consumers through regulatory mechanisms; the 10-year limitation period begins when the distributors recover the funds or receive final approval of the tax offset

IRB(Seg) Targets Power Sector As It Enters Insurance Market

Insurer starts with large risks & sees the power sector as an area for product development.

TCU Sets Angra 3 Nuclear Plant Decision Deadline

Mines and Energy Ministry must submit updated studies to the National Energy Policy Council within 120 days. The council will then have another 120 days after receiving the documents to decide whether construction should resume or be abandoned

Raízen Plans US$ 697 M Capital Increase

Biofuels producer and fuel distributor proposes issuing shares at R$ 0.25 (US$ 0.0498) each, with preemptive subscription rights for existing shareholders, as part of its court-approved out-of-court restructuring plan

Green Hydrogen Auction Will Not Be Held In January

The sector will wait for the outcome of the October 25th presidential election runoff before a new decision is made on whether the auction will proceed

Aneel Proposes Electricity Tariff Adjustments Under Tax Reform

Public consultation addresses PIS/Cofins tax credits, distributors’ ancillary revenues, and a dedicated revenue adjustment for transmission companies

Corn Dominates New Ethanol Plants Expansion Plans

Corn-based projects account for 89.9% of planned anhydrous ethanol production capacity and 86.2% of planned hydrous ethanol production capacity at new plants seeking ANP authorization

Amazon Deforestation Decline Avoids Emissions Equivalent To France’s Total

Estimate by ClimaInfo researcher Shigueo Watanabe Jr. is equivalent to France’s total emissions between 2023 and 2025

From The Media

OUT 26, 2026 - Reuters

Brazil's President Luiz Lula da Silva pulled ‌off a surprise runoff victory against Senator Flavio Bolsonaro on Sunday (Oct. 25), securing 51.8% of votes and a record fourth term – he will take office on January 5. Brazil's incoming Congress is its most consevative since the country's return to democracy in the 1980s, with Bolsonaro's ⁠party and its allies enjoying majorities in both chambers. "He's likely to be a lame duck from the start," said Oliver Stuenkel, an international relations professor at Sao Paulo's Getulio Vargas Foundation, who predicted Lula would struggle to build a coalition to pass much of his agenda. As of Monday morning (Oct. 26), Bolsonaro, the son of former President Jair Bolsonaro, had yet to concede, and Lula faced the prospect of adversaries in Congress who do not recognize his win, analysts said. In addition, Congress has amassed significant power over government spending in the past decade, which could frustrate Lula's promises to maintain his signature welfare programs. Meanwhile, his government forecasts meager 2.3% economic growth next year, adding to fiscal challenges worsened by high interest rates and public debt that has grown past 82% of GDP, the highest since the pandemic.

OUT 26, 2026 - Argusmedia.com

Luiz Lula da Silva's victory in Brazil's presidential election Sunday (Oct. 25) is likely to keep natural gas high on the country's energy agenda, despite the issue being largely absent from discussions during the campaign. Candidates for the presidency said almost nothing in recent months about gas' role in energy security or its potential contribution to future energy transition commitments, as Brazil seeks an increasingly sustainable and lower-carbon energy mix. But recent public policy in the sector and Lula's government platform offer some clues about the likely path over the next four years. Many market participants see gas as already playing a prominent role in Brazil's energy agenda, even though significant challenges remain. Lula's third presidential term advanced several important regulatory discussions in the gas market, including new transportation tariffs charged by pipeline operators, third-party access to gas processing, gathering and LNG import infrastructure, and even gas release measures aimed at increasing market competition and encouraging more competitive prices. Many, however, remain under discussion, with no final decisions yet taken, pointing to part of the agenda taking shape through 2030.

OUT 26, 2026 - Finance.yahoo.com

Reports about recovering oil flows in the Persian Gulf and the Red Sea have dominated headlines over the past couple of weeks. Yet oil prices have only moved higher, suggesting barrel numbers alone are not enough to convince the world everything's back to normal. It isn't. According to the latest Kpler numbers, October oil exports out of the Middle East in total are in fact higher than they were before the U.S. and Israel launched their first strikes on Iran at the end of February. Flows out of the Strait of Hormuz alone have averaged 11.7 million barrels daily this month, Kpler estimated, up from 9.8 million barrels daily in September, and close to the pre-war average of 14.5 million barrels daily in February, Reuters' Ron Bousso reported. However, these numbers are the product of a lot of effort, expenditure, and risk—because the reports of rebounding oil exports out of the Persian Gulf are not the only news out of the region. The other big development there is Iran's intensification of strikes on tankers. According to data from the UK Maritime Trade Operations and Iran's Islamic Revolutionary Guard Corps statements, at least 25 ships were hit in Hormuz in the first 20 days of October. Yet, outlets tracking these incidents note that many do not report if they get attacked, for various reasons, which suggests the number could be higher—as high as 40-50 vessels. Most of these are tankers.

OUT 26, 2026 - Valorinternational.globo.com

The U.S. government announced a partnership between American and Paraguayan companies to build high-performance computing infrastructure powered by electricity from the Itaipu hydroelectric plant, which Brazil and Paraguay jointly own. The announcement was included in a statement released Wednesday (Oct. 21) by the U.S. State Department. The agreement was signed by Crusoe, a U.S. technology infrastructure company, and Araico, a Paraguayan developer of energy and infrastructure projects. According to the statement, the first phase of the project is expected to begin operating in mid-2027. The facility is expected to serve cloud computing customers in the United States and Latin America. According to the U.S. government, the project has the potential to rank among the largest private investments in Paraguay’s history. The statement, however, does not specify how much electricity will be allocated to the project, the expected investment amount or the commercial terms of the power supply. It also does not identify the facility’s location.