Brazil: Oil, Gas & Electricity

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Article
Regulation Of Methane Emissions In The Oil And Gas Industry: European Commission Recommendation And Brazil’s Progress On The Regulatory Agenda
The European Commission has issued recommendations allowing Member States to temporarily suspend fines on fossil fuel importers who fail to meet methane emission reduction obligations under EU Regulation 2024/1787, while Brazil advances its own regulatory framework through the ANP. This three-year grace period (2027-2029) comes amid industry pressure and energy security concerns, even as substantive monitoring and mitigation requirements remain in force. Brazilian producers and exporters face mounting press
Brazil Energy
MB
Mayer Brown
Article
Permanent Offer: ANP Announces Sectors And Blocks For New Cycles
Brazil's National Agency for Petroleum, Natural Gas, and Biofuels has unveiled the largest permanent offer cycles to date, announcing 22 exploration block sectors and 2 marginal accumulation sectors under the concession regime, alongside 13 blocks under the production sharing regime. With public sessions scheduled for October 7, 2026, companies have until August 31, 2026, to submit expressions of interest for participation in these significant oil and gas bidding opportunities.
Brazil Energy
MB
Mayer Brown
Article
ANP Opens Public Consultation On The Review Of Waterborne Fuel Specifications And The Facilitation Of Biofuel Use In Maritime Transport
Brazil's National Agency of Petroleum, Natural Gas and Biofuels has initiated a public consultation to revise regulations governing waterborne fuel specifications, aiming to incorporate biofuels and renewable fuels into maritime transport. The proposed changes align national standards with international specifications and support the International Maritime Organization's decarbonization targets while addressing Brazil's energy transition goals.
Brazil Energy
MB
Mayer Brown
Article
New Petrobras Gas Pricing Softens Increase, Raises Competition Questions
Petrobras has introduced a new pricing mechanism for natural gas that establishes reference bands based on Brent crude prices, creating floors and ceilings to limit quarterly price fluctuations. The voluntary measure aims to reduce a scheduled 22% price adjustment to approximately 6%, though legal experts warn the initiative could significantly impact competitive dynamics in Brazil's evolving gas market. While the mechanism provides greater predictability for distributors and consumers, questions remain abo
Brazil Energy
MB
Mayer Brown
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