Federal Government Publishes Provisional Measure Defining Gasoline Subsidy Under the subsidy mechanism for producers and importers, the government established a system that will operate as a cash-back reimbursement
Federal Government Announces Gas Price Subsidy The government expects to subsidize gasoline by up to R$ 0.45 (US$ 0.08) per liter, generating monthly expenses of up to R$ 1.2 billion (US$ 213 million), to be funded through oil export revenues
Seminar To Address Tax Reform Impacts On O&G Industry Rio de Janeiro event will feature partners from Tauil & Chequer Advogados Attorneys and the Deloitte Accounting & Consulting Firm
MPF Seeks Amazon Basin Well Drilling Suspension Federal prosecutors cite flaws in emergency plans, omissions related to climate change, and lack of consultation with Indigenous peoples, quilombola communities, coastal extractivists, and artisanal fishermen
TCU To Hold Tupi Field Delimitation Panel Event will be held on May 21 and streamed on YouTube. The case revolves around different legal and technical interpretations regarding what defines the delimitation of an O&G gas field
2026 Oil Demand Forecasted To Decline The IEA forecasts annual oil demand to fall by 420,000 bpd, a steeper decline than the previous estimate of 80,000 bpd. Supply and refining also declined
Lupatech Signs New Petrobras Contracts Deals totaling R$193 million (US$39.2 M) provide breathing room for the company, which still faces financial difficulties and is preparing a new judicial reorganization filing
Petrobras Evaluates Legal Framework For Entry Into Venezuela The company is assessing business conditions in the country to determine whether it is worthwhile to acquire exploration and production assets
OPC: ANP Publishes Notice With 45 New Blocks As a result, a total of 495 blocks and five areas with accumulations are now available for future Permanent Concession Offer cycles
Petrobras To Pay US$ 1.8 B In Shareholder Remuneration Proceeds will be paid in two installments in August and September 2026
Petrobras’ US$ 6.6 B Profit Does Not Yet Reflect War’s Impact The company closed the first quarter of this year with financial results 110% higher than in the previous quarter but 7.2% lower than in the same period of 2025
Petrobras 1T26 Earnings US$ 5.1 B In E&P Segment In the Refining, Transportation, and Marketing segment, the company posted net income of US$ 2.4 B, supported by higher refinery utilization rates
Brazil’s Free Gas Market Becoming More Diversified Industrial migration slowed in volume but increased in participation, with smaller consumers driving the market, says Wood Mackenzie
TotalEnergies Secures Extension For Campos Basin Block ANP extended the exploratory period for block C-M-541 — an area where the French company found hydrocarbon indications in two wells drilled between 2021 and 2022
OTC 2026: EnerGeo Alliance Highlights Brazil’s Offshore According to the association’s CEO, Brazil is facing an opportunity to move into a new and significant phase in its offshore exploration trajectory.
Aneel Approves 1st 2026 Transmission Auction Lots & Sublots Contract signings are scheduled for June 3 and June 26
Hydrogen Industry Depends On Predictability According to the ANP, the segment requires a predictable and technically sound regulatory environment
CMSE Requests LRCAP Impact Studies Committee chaired by MME Minister Silveira decided to request studies from the ONS and CCEE on the LRCAP impacts on the calculation
Government Asks Aneel To Prioritize Early Thermal Plant Start-Ups The Ministry of Mines and Energy seeks to enable the early operation of thermal plants contracted in the 2026 Capacity Reserve Auction and requests faster contract execution for the most viable projects
MPF Seeks LRCAP 2026 Suspension Due To Judicial Concerns Federal court gives the federal government, Aneel, and the Energy Research Company 48 hours to respond following a request by the Federal Public Prosecutor’s Office
Axia & SAE Brasil Promote Autonomous Drone Competition In São Paulo EletroQuad will take place from May 14 to 17 in São José dos Campos and will bring together teams representing universities from nine Brazilian states plus the Federal District
Panasonic and Greenlane to Manufacture Biomethane Systems in Brazil Companies will share manufacturing, technology, and project execution for biogas upgrading solutions
Equatorial Energia Extends Pará & Maranhão Concessions According to the company, both concessions meet the service quality and financial strength criteria required by the granting authority
Axia: US$ 15 M For Substation Digitalization Expansion EletroBIM project will be extended to 269 substations by 2029, with savings that could reach R$ 1 million (US$ 203,000) per project
BNDES Loans Bosch US$ 6 M For Vehicle Ethanol Technology It should adapt heavy-duty vehicle engines to reduce diesel consumption by an average of 35-60% through ethanol use in engines
Isa Installs 460 kV Vegetable Oil Reactor at Bauru Substation Produced by Hitachi Energy, the equipment is the first in Latin America at this voltage level to use the organic compound as insulating fluid
Axia 1Q26 Investments Up 36% The former state-owned utility increased investments by 36% year over year to R$ 1.4 billion (US$ 252.5 million)
MME Minister & Senate Will Work On Critical Minerals Policy Government says new legislation strengthens Brazil’s national sovereignty and positions the country strategically in the global race for critical minerals and rare earths
OTC 2026: Shell Executive Analyzes Brazil’s Competitiveness According to Shell Pre-Salt assets VP Pablo Tejera Cuesta, Brazil holds a strong position in the global energy market, but competitiveness is not guaranteed
1 Oil & Gas 07 maio 2026 ANP Workshop Aims To Boost Brazil’s Oil Exploration ANP Workshop Aims To Boost Brazil’s Oil Exploration
2 Oil & Gas 11 maio 2026 TotalEnergies Secures Extension For Campos Basin Block TotalEnergies Secures Extension For Campos Basin Block
3 Oil & Gas 12 maio 2026 OPC: ANP Publishes Notice With 45 New Blocks OPC: ANP Publishes Notice With 45 New Blocks
4 Oil & Gas 13 maio 2026 Petrobras Evaluates Legal Framework For Entry Into V... Petrobras Evaluates Legal Framework For Entry Into Venezuela
5 Oil & Gas 13 maio 2026 TCU To Hold Tupi Field Delimitation Panel TCU To Hold Tupi Field Delimitation Panel