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Upstream: 2026 Market To Struggle With Oversupply

Rystad reports Brasil, Namibia and the U.S. (Gulf of Mexico) are expected to maintain robust oil activity

Brazil’s North Rio De Janeiro Oil Workers Maintain Strike At Petrobras

The workforce is divided and the two main federations representing Petrobras workers’ unions disagree over whether to end or continue the strike

Vallourec and Geostock Ink Energy Storage MoU

The agreement focuses primarily on developing infrastructure for hydrogen storage and for Container Controlled Submersible Hydrogen

OceanPact-Petrobras Sign US$ 89.4 M Contract

The oil company has chartered the Rochedo de São Paulo vessel, an AHTS-TO (Anchor Handling Tug Supply – Tanker Offloading), for four years

One Union Signals End Of Petrobras Strike

The Unified Oil Workers Federation accepts Petrobras’ proposal, although it still faces resistance from the National Oil Workers Federation (FNP) and others

Azevedo & Travassos Energia Reports Higher Production In November

The Phoenix-Potiguar Hub delivered the largest monthly contribution, with the start-up of a well at the Periquito Nordeste field

ANP Green Lights FPSO P-78 Operations

Unit to operate at the Búzios field with capacity of 180,000 bpd and 7.2 million m³/d of natural gas

Petrobras Delays Contract Dates For 7 DOF Group Vessels

The AHTSs Skandi Fluminense, Skandi Paraty, Skandi Angra, Skandi Urca and Skandi Iguaçu, as well as the RSVs Skandi Chieftain and Skandi Olympia, will now begin their contracts in early 2027

Petrobras Approves SEAP II Development FID

Project is strategic to expand the availability of domestic natural gas and to open a new production frontier in Brazil’s Northeast, according to the company

ANP Indicates 33 More Exploration Blocks For Permanent Concession Offer

Of these 33 blocks, 24 are offshore and nine are onshore. The areas will now be analyzed by the Geological and Economic Assessment Superintendency (SAG) of the regulator, so that they can later be included in bidding rounds under the Permanent Concession Offer (OPC).

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

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”

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

MME Updates 2026 Capacity Reserve Auction Deadlines

Ordinances set January 5 as the deadline for developers to submit technical and economic data on their plants

Brazil’s Power Consumption Fell 1.8% In November

Milder temperatures curbed demand, weighing on the regulated market, according to the CCEE

President Lula Signs Special Environmental Licensing Law

The new LAE fast-tracks processes for federally designated strategic projects

2026 To Begin With Green Electricity Tariff Flag

Aneel said there should be no need to dispatch thermoelectric plants

ONS “Insurance” Helped Avoid US$ 896 M In Transmission Losses

Figures come from the Value Added study and show that for every Brazilian real spent on failure prevention, another US$ 4.50 was saved

Inflows To Exceed 80% Of LTA In 2 Subsystems

ONS projections indicate the North and Southeast/Center-West subsystems could reach 85% and 83% of the Long-Term Average (LTA), respectively

EPE: Effects Of Climate Change On Energy Use

A fact sheet released by the company in conjunction with ONS and CCEE shows the impacts on electricity demand due to increased heat waves

SPVs Seek Revocation Of Some Rio Grande Do Norte Solar Projects

Project administrator cites transmission bottlenecks, curtailment and lack of evacuation capacity through 2031 in filings with Aneel

MME Updates CVaR Calibration Methodology

Revision approved by CMSE enhances transparency, predictability and alignment of modeling with real system operations

Neoenergia Elektro: US$ 12 M To Strengthen Grid For Summer

Neoenergia Elektro: US$ 12 M To Strengthen Grid For Summer

Chinese BYD Surpasses 200 K Electrified Vehicles Registered in Brazil

Milestone reached just two months after company hit 170,000 registrations

Chamber of Deputies Seeks MME Action On São Paulo Energy Crisis

Request from the Chamber’s Presidency responded to demands from São Paulo’s congressional caucus

+20.5 K Consumers Migrate To Deregulated Market

The figure, covering the period from January to November, reflects the perceived benefits of moving to a more flexible, competitive, and customized environment, according to the CCEE

Stored Energy Increase Forecasted In 3 Subsystems

ONS forecasts an improvement in Stored Energy (EAR) in the South, North and Northeast subsystems for the week of December 20–26

Diesel B To Maintain Lead Among Transport Energy Sources

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

Most Read

1

Power

22 dezembro 2025

Neoenergia Elektro: US$ 12 M To Strengthen Grid For ...

Neoenergia Elektro: US$ 12 M To Strengthen Grid For Summer

2

Oil & Gas

22 dezembro 2025

Upstream: 2026 Market To Struggle With Oversupply

Upstream: 2026 Market To Struggle With Oversupply

3

Power

22 dezembro 2025

MME Updates 2026 Capacity Reserve Auction Deadlines

MME Updates 2026 Capacity Reserve Auction Deadlines

4

Oil & Gas

23 dezembro 2025

One Union Signals End Of Petrobras Strike

One Union Signals End Of Petrobras Strike

5

Oil & Gas

23 dezembro 2025

OceanPact-Petrobras Sign US$ 89.4 M Contract

OceanPact-Petrobras Sign US$ 89.4 M Contract

From The Media

DEZ 29, 2025 - MercoPress

The Brazilian government announced on Sunday that Foreign Direct Investment (FDI) reached US$ 84.1 billion between January and November 2025, marking the highest volume of capital inflow since 2014. According to the Planalto Palace, the administration of President Luiz Inácio Lula da Silva attributes this surge to a strategic “international repositioning” and an aggressive diplomatic agenda aimed at restoring global investor confidence.The November data showed inflows reaching US$ 9.8 billion, a 72% Y-o-Y increase. In the first eleven months of the year, the total volume of investment had already outpaced 2024's total of US$ 74 billion by 13.5%.

DEZ 29, 2025 - BNamericas

The federal government’s public investments in logistics infrastructure in Brazil are expected to remain on a downward trajectory over the next year, amid budget constraints and the government’s goal of strengthening the attraction of private investment. Investments in logistics infrastructure, which comprise the highway, railway, port, and airport segments, totaled R$ 11.36 billion (US$ 2.1 B) between January and October 2025, a drop of 2.4% compared with the same period of the previous year, according to the latest data from the state-owned company Infra S.A.

DEZ 29, 2025 - Argus

An increase in the flow of imported gasoline arriving at southern and southeast Brazil ports and a fuller schedule of auctions held by state-controlled Petrobras during 2025 will remain key variables for the dynamics of the Brazilian fuel market in 2026. A combination of open arbitrage for foreign products and a court-ordered shutdown of the 15,000 b/d Manguinhos refinery (Refit) in October prompted distributors to look abroad for volumes of gasoline in 2025. Combined imports into the two regions in January-November totaled 422,908m³ (8,001 b/d), an almost three-fold increase over volumes imported in the same 11-month period in 2024, according to data from the Brazilian trade ministry.

DEZ 29, 2025 - Global Times

China National Offshore Oil Corporation (CNOOC) and Brazil's Ambipar signed a memorandum of understanding (MoU) to study partnership opportunities in research and development (R&D) aimed at Brazil's oil and gas sector, according to a report published by Brasil 247. The announcement was made during the inauguration of the Brazil-China Innovation Center in Rio de Janeiro on December 8. The companies said the goal is to build a shared innovation agenda focused on efficiency gains, safety, reliability and sustainability in operations.

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