Brazilian Oil Gains Foreign Markets Petrobras sold more abroad in the second quarter of this year, while importing less, benefiting from higher refinery utilization
Petrobras Natural Gas Supply Declines National gas availability fell in the second quarter as production unit and gas pipeline outages reduced domestic supply
Noble Posts 2Q26 Loss After Brazil Contract Suspensions Noble Faye Kozack and Noble Courage rigs were under charter contracts with Petrobras
ANP Accepts I-RECs For RenovaBio Certification Agency recognizes renewable energy certificates as proof of the origin of electricity used under the program, expanding options for biofuel producers
OceanPact's CBO Acquisition Gets Antitrust Approval Brazil's antitrust regulator cleared the transaction without restrictions after concluding there is no horizontal overlap in the AHTS, PSV, and OSRV vessel markets and that, despite a dominant position in the RSV segment, the combined company is unlikely to exercise market power
Brazil’s 1H26 Crude Oil Refining +6.2% Processing totaled 377.2 million barrels in the first half of 2026, with 88% sourced domestically; Abreu e Lima refinery (Rnest) in the state of Pernambuco posted the strongest growth
Cade Approves SLB-Shearwater Equatorial Margin Partnership Antitrust watchdog found the transaction is limited to activities required to develop the partnership and does not involve any asset acquisition or business combination
OneSubsea Leads Petrobras Bid For SEAP Subsea Equipment Package Company submitted the lowest bids for the supply of 32 wet Christmas trees and other subsea equipment
P-33 Going To Rio Grande Shipyard For Decommissioning Platform that had been idle since 2024 left the Açu Port (state of Rio de Janeiro) for sustainable disposal in the state of Rio Grande do Sul in accordance with global industry standards
BNDES & IBP To Strengthen Energy Sector Innovation Technical cooperation agreement aims to foster connections among startups, companies, and energy sector specialists
Baúna 2Q26 Production Falls 46% Scheduled maintenance shutdown and the temporary closure of the SPS-92 well drove the quarterly decline at Karoon-operated field in the Santos Basin
Eneva & Vale Terminate Maranhão LNG Supply Agreement The agreement follows Vale’s decision to suspend operations at its São Luís (state of Maranhão) facilities. With the contract termination, Eneva received US$ 67.1 M
ANP Approves Regulatory Review Of Gasoline & Diesel Blending Rules Assessment recommends ending fuel blending activity under the current regulatory framework and will serve as the basis for future rulemaking
ANP Adjusts Decarbonization Regulatory Initiative Timeline Regulatory action will revise ANP Resolution No. 806/2020, which establishes procedures for controlling and reducing flaring and losses of oil and natural gas
Cade Reviews SLB-Shearwater Brazil's Equatorial Margin Partnership Companies plan to jointly acquire, process, market, and license multi-client offshore 3D seismic data across Brazil's Equatorial Margin
IMC Rare Earths IPO Raises US$20 M As Company Begins Trading On NYSE American São Paulo-based mining company focuses on heavy rare earth elements to meet demand from sectors such as electric vehicles, artificial intelligence and defense
Foz Do Chapecó Hydro Plant Enters International Carbon Market Partnership with Swiss company enables sale of 10,000 credits
Aneel Opens Neoenergia Brasília Tariff Review Public Consultation Proposal calls for an average tariff increase of 1.86%
Aneel Reduces Annual Generation Revenue For Quota Hydropower Plants By 6.34% After De-Quotization Annual revenue for 59 hydropower plants falls to R$ 8.12 billion (US$ 1.47 B) following the removal of 13 Axia Energia plants from the quota regime; tariff rises 19.8%
Aneel Approves Battery Auction Public Consultation Amid Cost-Sharing Debate Auction rules for the 2026 Capacity Reserve Auction released for consultation; tenders scheduled for December 2 and 4 while ERCAP cost allocation remains unresolved
Amazon Region Accounts For 48.2% Of Brazil's Critical Minerals Mining Claims The state of Pará accounts for 51.1% of mining claims in the Legal Amazon and more than 92% of the region's critical and strategic minerals production value, according to Brazil's National Mining Agency
Brazil & South Korea Sign Cooperation Agreement Partnership strengthens bilateral cooperation on energy transition, renewable energy, energy efficiency and smart grids
Engie To Invest US$ 240 M To Increase Jaguara Capacity By 232 MW WEG to supply new generating units for the hydroelectric plant
Isa Energia Raises US$ 240 M In Share Offering Price set at R$ 27.00 (US$ 5.36) per share after strong demand; offering doubled in size and remains subject to approval of increase in authorized capital
Aneel Excludes Colocated Energy Storage Systems From Battery Auction New draft also requires new equipment, tightens financial guarantees, and restricts project transfers
Trafigura Enters Brazil's Free Power Market With US$148.75 M Contract Company assumes CGN power purchase agreement previously held by Grupo Bolt to supply free-market consumers
BTG Pactual Increases Stake In Light To 18.76% Stake was increased following the capital increase completed in July; bank says the investment is purely financial and that it does not intend to change the company's management structure
Federal Prosecutor Seeks To Suspend Increase In Ethanol Blend For Gasoline Lawsuit argues the mandate should be halted until independent studies demonstrate the higher ethanol blend is safe for Brazil's vehicle fleet
Curtailment Compensation Advances – Uncertainty Remains Over MME Ordinance Experts say new rules represent important progress but leave questions about compensation methodology and long-term treatment of renewable energy curtailment
Diesel Leads Early July Fuel Price Declines Ethanol expands cost advantage for flex-fuel vehicle drivers
1 Oil & Gas 21 julho 2026 IBP Studies Point To Export Tax Redundancy IBP Studies Point To Export Tax Redundancy
2 Oil & Gas 23 julho 2026 Cade Reviews SLB-Shearwater Brazil's Equatorial Marg... Cade Reviews SLB-Shearwater Brazil's Equatorial Margin Partnership
3 Oil & Gas 27 julho 2026 OneSubsea Leads Petrobras Bid For SEAP Subsea Equipm... OneSubsea Leads Petrobras Bid For SEAP Subsea Equipment Package
4 Oil & Gas 27 julho 2026 Cade Approves SLB-Shearwater Equatorial Margin Partn... Cade Approves SLB-Shearwater Equatorial Margin Partnership
5 Power 27 julho 2026 Brazil & South Korea Sign Cooperation Agreement Brazil & South Korea Sign Cooperation Agreement