Saipem–Subsea7 Merger Gets Conditional Antitrust Approval Antitrust Council ruled that the newly-formed company must sell a specialized rigid-pipe-laying vessel to an independent buyer to preserve sector competition
BNDES Approves US$ 398 M For 4 ROV Support Vessels Merchant Marine Fund loan will cover part of the R$ 2.42 billion (US$ 442 million) project, with vessels to be built by Navship shipyard in Navegantes (state of Santa Catarina)
Natural Gas Can Boost Rio’s Petrochemical & Fertilizer Industries Industry group argues that new O&G investments should extend to the industrial stages of the production chain
Brazil’s Average Daily Natural Gas Consumption Rises 15.4% In 1H26 Power generation and industry drove the increase, according to Abegás data; average daily consumption in the free-market segment rose 36% year over year
Fitch Upgrades Petrobras’ Standalone Credit Assessment, Affirms Its ‘BB’ Global Rating Rating agency raises the company’s Standalone Credit Profile (SCP) from ‘bbb’ to ‘bbb+’, reflecting stronger underlying creditworthiness, while maintaining its global-scale issuer rating at ‘BB’ and its Brazilian national-scale rating at ‘AAA(bra)’, both with stable outlooks
Petrobras Asks Antitrust Council To Reject Saipem–Subsea7 Merger State-owned company reiterates concerns over market concentration in the deepwater SURF market. If the approval is upheld, it has requested structural remedies
Brazil’s O&G Production Surpasses 6 M boe/d The ANP’s monthly bulletin also reported increases in oil and natural gas output, with pre-salt production reaching 5.1 million boe/d
Halliburton Deploys 1st Remote Completion System In Brazil Technology eliminates conventional hydraulic control umbilicals used to operate subsea well-completion equipment, simplifying offshore operations
PetroReconcavo Temporarily Suspends Part Of Its Bahia Natural Gas Production Company begins maintenance work at the Catu Gas Processing Unit, halting deliveries of natural gas from several fields for processing
All Souls’ Day Holiday In observance of Brazil’s All Souls’ Day (Dia de Finados) national holiday, we will not publish our usual newsletter on Monday Nov. 2nd. Our regular publishing schedule will resume Tuesday, November 3rd. Thank you for your understanding.
SEAP: Uncertainty Could Cost US$ 11B Petrobras has made the Sergipe Deepwater project conditional on developments in the government's new policy to increase competition in the natural gas market, known as Gas Release
PetroChina, CNOOC & Petrobras Win PPSA’s 10th Spot Auction The companies secured 4 of the 6 cargoes offered from the Búzios field. The auction comprised 5 lots totaling approximately 4.5 million barrels of federal government-owned crude
Petrobras Makes 3rd Oil Discovery In Foz Do Amazonas Basin The third oil-bearing interval was identified in the Morpho well after discoveries announced in August and early October; the ODN-II rig has completed drilling and will move to the Potiguar Basin
Petrobras Sets New Records In 3Q26 Company’s oil and gas production reached a record 3.512 million barrels of oil equivalent per day in 3Q26, up 11.7% year over year; domestic sales of refined products reached 1.854 million barrels per day, the best result in the history of the current refining system
Bacalhau Field Reaches Plateau Production The field’s output boosted Equinor’s international production in the third quarter
BYD Reaches 9.7% Of Brazilian Market Share With 24,100 vehicles registered in October, the Chinese automaker expands its market share one year after inaugurating its factory in the state of Bahia
ANP Proposes SAF Certification Rules Draft regulation outlines requirements for producers, registrars, and oversight of environmental certificates
Eve Air Mobility & FlyBIS Sign Agreement For 12 Electric Aircraft Partnership builds on a letter of intent signed in 2022 and calls for the development of electric air mobility services in Brazil
Hyundai: Hydrogen Refueling Corridors Key To Developing Fuel Cell Truck Market Automaker sees potential to combine sugarcane- and corn-based ethanol with green hydrogen produced in Brazil’s Northeast to enable carbon-neutral heavy-duty transportation
Aeris Seeks US$ 277 M Debt Restructuring Out-of-court plan has initial support from creditors representing 42% of claims covered
On-Site Solar Investment Falls 46% Among Businesses & Rural Properties The segment attracted US$1.19 billion in investment through October, as grid-connection restrictions drive demand for Zero Grid projects, TTS says
MME Seeks Demand Forecasts for 2027 A-4, A-5 & A-6 Power Auctions Electricity buyers interested in participating in the auctions must submit their projected power purchasing needs to the Electric Energy Trading Chamber (CCEE) by November 16
Vestas: Brazilian Wind Market Showing Early Recovery After 3 Years Of Contraction Turbine manufacturer has secured orders for 1.1 GW of wind capacity in less than 100 days, but CEO says transmission constraints and curtailment remain major obstacles
Copel Shares Cease Trading On Latibex Market Shares will continue to trade on Brazil’s B3 stock exchange and the NYSE
Hitachi Energy Establishes New Service Center In São Paulo Center will expand local support capacity for maintenance, repairs, upgrades and life extension of critical energy infrastructure
Armor Expects Green Electricity Tariff Flag To Remain In November Favorable hydrological conditions in southern and southeastern Brazil, along with cooler temperatures, are expected to reduce electricity demand and keep generation costs in check
Celeo Biggest Winner In US$ 1.64 B Transmission Auction 4 Spanish-owned companies won seven of the eight lots on offer, while Portugal’s EDP secured the remaining lot. All eight lots were awarded, with an average discount of 50.10% against the maximum allowed annual revenue.
PDE 2036 Already Includes 12 GW Of Hydropower And Pumped-Storage Plants Changes in the outlook driven by the rapid growth of intermittent renewables have accelerated the return of hydropower, with its attributes for supply security and stability in the operation of the interconnected system
Energy Ministry Opens Public Consultation On Transmission Planning Guidelines Draft ordinance aims to make the process for preparing the Transmission Concession Plan more predictable and transparent
Storage Association Endorses Brazil’s Dec. Battery Storage Auctions Rules Absae says the final auction rules approved by Aneel will support competition in the December 2 and 4 tenders
1 Oil & Gas 27 outubro 2026 Brava Obtains Environmental OK For Atlanta Drilling ... Brava Obtains Environmental OK For Atlanta Drilling Campaign – Up To 9 Wells Authorized
2 Oil & Gas 28 outubro 2026 4 Bidders Vie For Petrobras’ Búzios 12 FPSO Contract 4 Bidders Vie For Petrobras’ Búzios 12 FPSO Contract
3 Oil & Gas 28 outubro 2026 ANP Fines Petrobras US$ 186 K Over P-71 Violation ANP Fines Petrobras US$ 186 K Over P-71 Violation
4 Oil & Gas 03 novembro 2026 Halliburton Deploys 1st Remote Completion System In ... Halliburton Deploys 1st Remote Completion System In Brazil
5 Oil & Gas 03 novembro 2026 Petrobras Asks Antitrust Council To Reject Saipem–Su... Petrobras Asks Antitrust Council To Reject Saipem–Subsea7 Merger