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ANP Approves Maromba Field Development Plan Revision

The O&G Regulator also approved the extension of the concession contract deadline to 2047 and set first oil for the first quarter of 2028

EIA: Oil Prices Could Fall To US$ 58/B In 2026

Agency expects US$ 53 per barrel in 2027 as oversupply increases — Brazil, Guyana, and Argentina to increase production in 2026 and 2027

MME & MMA Authorize 20 Permanent Offer Regime Sectors

With the joint resolution approval, the inclusion of 18 additional blocks in the Permanent Production Sharing Offer (OPP) has been authorized, adding to the 8 blocks previously authorized

Petrobras Decides Against Exercising Braskem Preemptive Rights

At a meeting held on Wednesday (Oct. 11), the company authorized its executive management, within the parameters presented, to take the necessary steps to implement this decision

Trident Energy Extends FSO Odisseia’s Life

The company says the vessel complies with Brazil’s regulatory framework, including ANP and Ibama requirements

TotalEnergies 2025 Adjusted Profit Down 15%

The French company also recorded a 4% decline in adjusted net income in 4Q25 – driven by low oil prices

5th Permanent Concession Offer Cycle: 34 Contracts Signed

As a result, the 6th Cycle of the Permanent Concession Offer (OPC) may be opened at any time. For this to occur, registered companies must declare interest in the sectors available under the current bid notice

Petrobras 2025: 2.9 Million BPD – Up 11%

Company’s pre-salt oil production reached 2.02 million bpd, up 11.4% from 2024 – Post-salt’s 340,000 bpd in 2025 up 11.5% over 2024

Seatrium-Petrobras Arbitration Process Begins

Arbitration concerns a contract for the conversion of the P-54, signed between Jurong Shipyard and Petrobras Netherlands B.V. in June 2004

Eneva Issues US$ 480 M In Debentures After Bookbuilding

The amount of the issuance increased by 20% with the exercise of the additional allotment option after the company verified strong demand during the process.

bp: Bumerangue Potential = 4 B Oil Barrels

Company says appraisal plan to understand the reservoir’s characteristics should be implemented toward the end of 2026

Petrobras Namibia Acquisition Subject To Conditions

Namibia government says it was not notified of the offshore deal between Petrobras and French TotalEnergies

ANP Authorizes Azulão Field Pipeline Construction Areas

The pipeline will transport gas produced in one of the field’s clusters to the Gas Processing Unit (UTG), where it will be processed

Petrobras Fined US$ 500 K For Foz Do Amazonas Basin Spill

According to Brazil’s Environmental Regulator (Ibama), the fluid accidentally discharged into the sea by Petrobras contains components classified in risk category B, which represents a medium risk to both human health and the aquatic ecosystem

Petrobras Acquires Namibia Offshore Block Stake

Transaction carried out in partnership with TotalEnergies marks Petrobras’ return to Namibia

Aneel Approves New LRCAP Price Caps

New Values set by the MME nearly double and address market concerns

ONS Releases 2025 Annual Report

Document links Brazil’s Electric Energy Operator’s main actions to its Planning and uses Global Reporting Initiative (GRI) indicators

Instituto Equatorial To Boost Female Leadership

Entity will invest US$ 174,330 to train 784 female entrepreneurs in the states of Goiás, Alagoas, São Luís, Piauí, Pará, Amapá and Rio Grande do Sul

Consumer Group Criticizes MEZ Energia Agreement

The National Front of Energy Consumers (FNCE) says a potential deal involving projects recommended for forfeiture “violates the law” and “creates legal uncertainty”

Cemvita & Radix Advance SAF Feedstock Project

Project converts crude glycerin into low-carbon-intensity bio-oil for fuel production

January Energy Supply Expansion Totaled 509 Mw

With this addition, Brazil’s electric system reached a total of 216,912.004 MW on February 9, according to Aneel

Enel São Paulo December Blackout Performance Unsatisfactory

Brazil’s Electricity Regulator stated in a technical note that there were shortcomings in the company’s response to last year’s event

ONS To Continue Monitoring Rainy Season Developments

The detailed monitoring will support the assessment of the matter at the next Monitoring Committee meeting, scheduled for March 4

Thymos: LRCAP Price Caps Don’t Reflect New Project Costs

According to the consultancy, the price caps set do not reflect current investment costs for dispatchable generation

Silveira: LRCAP Price Caps Will Be Revised

Adjustments should be released Wedneday (Feb. 11), according to the minister, who also said in São Paulo that he is awaiting Aneel’s assessment of Enel’s concession in the state

Irena Seeks Latin American Renewable Energy Projects

Eligible projects may benefit from potential access to financing, investment partnerships, and risk-mitigation instruments

Aneel Approves Two 2026 Capacity Reserve Auctions Tender Rules

Board clarifies equipment rules and reserve charge; price caps seen as low by generators but aligned with consumer demands

Aneel Bars Light Plant From Capacity Auction

Auction notice that includes hydropower plants was approved after intense debate over participation of a company under judicial recovery

Natura To Adopt Factory & Fleet Biomethane

Initiative in partnership with Ultragaz will be used in part of the company’s industrial and logistics processes

ONS Forecasts Grid Load Slowdown

The National Interconnected Grid System decline could reach 1.8% by the end of February

From The Media

FEV 13, 2026 - Reuters

Brazil's government expects to decide by mid-year whether to resume construction of the long-delayed Angra 3 nuclear power plant or abandon it more than 40 years after work began, Brazil’s Management Ministry reported on (Feb. 12). The ministry said that the debate remains open but warned that cancelling the project could undermine Brazil's broader nuclear power strategy. "The cost of not continuing is very close to the cost of continuing," a ministry spokesperson said, adding that the government will start talks with the new private shareholders in state-controlled Eletronuclear, which owns Angra 3, before a final decision. The J&F holding company agreed in October to acquire a stake in Eletronuclear from Axia Energia, which was formerly Eletrobras. Brazil’s National Development Bank (BNDES) estimated in November the remaining investment required to complete Angra 3 would be R$ 24 billion (US$ 4.65 billion), while it would cost between R$ 22-26 billion (US$ 4.21-5 B) to abandon it.

FEV 13, 2026 - The Economist

Brazil has decent economic growth, an independent central bank and its primary budget—that is, excluding interest payments—is almost balanced. Its net debts, at 66% of GDP, are high by emerging-market standards but low by rich-world ones. Brazil, however, has one big problem: its government must pay sky-high interest rates to service its debts. Controlling inflation has required the central bank to set short-term rates at 15%. As a result—and despite being close to primary balance—the government will probably borrow about 8% of GDP a year to pay its interest bill. Closing the deficit through austerity is unlikely; President Luiz Inácio Lula da Silva, who is campaigning for re-election in October, has loosened the purse strings. Unless interest rates fall a lot, public debt will surge. The fiscal plight of Brazil casts rich-world budgets in sharp relief. You may think governments in wealthier places are fiscally squeezed, but America, Britain, France and Italy still enjoy borrowing costs in the low-mid single digits. Their debts would stabilise if only they balanced their primary budgets, or came close to it. By contrast, Brazil would probably need to run a primary surplus of around 5% to keep its debts stable, if interest rates do not fall.

FEV 13, 2026 - Aurora Energy Research

Last year brought changes to different markets across Latin America. From Brazil’s surging renewables and volatility to Chile’s battery boom, to Mexico’s regulatory sprint, the region’s energy landscape is evolving at breakneck speed. Three risks dominated Brazil’s power market in 2025: intraday price volatility, widening submarket spreads, and surging curtailment. As solar and wind capacity kept growing—especially in the Northeast, where 70% of renewables are concentrated but only 16% of demand resides—price divergences between regions became the norm. The infamous “duck curve” emerged, with midday prices plummeting and evening peaks spiking. Curtailment rates hit new highs, triggering a wave of financial restructuring. Brazil is set to hold its first battery capacity auction in 2026, but battery costs and regulatory uncertainties mean the economics remain challenging. For storage to truly take off, capacity payments and grid charge reforms will be essential.

FEV 13, 2026 - Merco Press

The Chilean government said on Thursday (Feb. 12) it will send humanitarian aid to Cuba, as the island faces a deepening economic and energy crisis. The assistance will be channelled through the Chile Fund Against Hunger and Poverty and delivered “through United Nations agencies” for the benefit of the Cuban population. In a post on X, Chilean President Gabriel Boric said the blockade “is criminal and an attack on the human rights of an entire people,” and urged it to be lifted, noting that the UN General Assembly has repeatedly called for an end to the policy. Chile’s decision comes as Cuba’s energy supply has become a sharper geopolitical issue. Washington has tied its Cuba policy to additional trade measures, including threats of tariffs on countries that sell oil to Havana, at a time when fuel shortages are central to the country’s power generation problems.