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
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
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.
Supreme Court Suspends Oil Royalties Distribution Decision Justice Cármen Lúcia voted to strike down the redistribution of oil royalties to non-producing states and municipalities, but a request for further review by Justice Flávio Dino halted proceedings
Bill Proposes Eliminating Fuel Taxes Through July 2027 Measure introduced by Senator Cleitinho Azevedo would reduce PIS/Cofins and Cide tax rates on fuels to zero in an effort to mitigate rising fuel prices.
Staatsolie To Conduct Seismic Survey In Suriname Shallow Waters Survey will cover 52,400 km² and aims to provide insights into subsurface structures and oil and gas potential
DOF Group To Build 4 RSVs For Petrobras Twelve-year contracts are valued at approximately US$ 2 B, construction by Navship in Brazil
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
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
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
Hydropower Generators Launch Reservoir Operations Guide Guide aims to improve communication between power generators, authorities and local communities for water management associated with hydroelectric operations
Federal Deputy Recommends Suspend Brazil’s Capacity Reserve Auction Deputy Danilo Forte (PP-CE) also requested federal investigations into alleged irregularities involving the 2026 power capacity auction
Engie Brasil Energia To Invest US$1 M In Solar Innovation Projects InovaSolar initiative aims to boost efficiency of photovoltaic plants through technology and sustainability
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 Power 07 maio 2026 Federal Deputy Recommends Suspend Brazil’s Capacity ... Federal Deputy Recommends Suspend Brazil’s Capacity Reserve Auction
3 Oil & Gas 08 maio 2026 Supreme Court Suspends Oil Royalties Distribution De... Supreme Court Suspends Oil Royalties Distribution Decision
4 Oil & Gas 11 maio 2026 TotalEnergies Secures Extension For Campos Basin Block TotalEnergies Secures Extension For Campos Basin Block
5 Oil & Gas 12 maio 2026 OPC: ANP Publishes Notice With 45 New Blocks OPC: ANP Publishes Notice With 45 New Blocks