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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”

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

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.

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

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

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From The Media

DEZ 19, 2025 - France24

Venezuela has claimed its crude oil exports are not impacted by US President Donald Trump's announcement of a potentially crippling blockade, insisting it is proceeding with business as usual. Brazil's Lula offered Thursday to mediate between Washington and Caracas to "avoid armed conflict" with the UN Security Council set to discuss the mounting crisis next week. "Export operations for crude and byproducts continue normally. Oil tankers linked to PDVSA operations continue to sail with full security," state oil company Petroleos de Venezuela (PDVSA) said.

DEZ 19, 2025 - Fact.MR

The Renewable Methanol market in Brazil is set to grow at a CAGR of 11.9%. Brazil's unparalleled biomass resources from sugarcane and forestry, combined with a large existing biofuels industry, provide a low-cost pathway to bio-methanol. The country is poised to become a major exporter of renewable fuels, with methanol serving as a valuable energy-dense liquid for the maritime sector.

DEZ 19, 2025 - ICIS

Brazil’s state-owned oil major Petrobras and polymers producer Braskem have agreed to long-term feedstock supply contracts worth US$ 17.8 billion after years of negotiations, the two companies said on Thursday.The new agreements — long sought by Braskem as the company seeks to switch its predominantly naphtha-based operations in Brazil to more competitive natural gas liquids (NGLs) feedstocks such as ethane — will replace and expand current arrangements set to expire at the end of 2025. The largest portion of the deal (US$ 11.3 billion), covers the supply of petrochemical naphtha to Braskem plants in São Paulo, Bahia and Rio Grande do Sul states, including Braskem’s flagship Triunfo complex in Rio Grande do Sul.

DEZ 19, 2025 - Sustainability Magazine

Odfjell has begun operating what it describes as the first operational green corridor between Brazil and Europe, using certified sustainable biofuel on a 5,000-nautical-mile route.The Norwegian chemical tanker operator is running 12 to 15 voyages annually along the route, each lasting around 40 days, using a B24 sustainable biofuel blend sourced from Rio Grande. The initiative is entirely self-funded, with Odfjell covering the additional fuel costs without subsidies or external financial support.

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