Brazil’s Oil & Gas Market: a regulatory overview for July 2026
Editorial July 2026 brought significant developments across Brazil’s oil and gas industry. In the exploration and production segment, the ANP launched a public consultation to revise the criteria governing the distribution of royalties to municipalities affected by oil and natural gas loading and offloading facilities. In addition, the Federal Government maintained the exceptional export tax […]
Energy Transition Newsletter: MME and ANP drive sector developments in May and June 2026
Editorial During May and June 2026, the renewable energy sector was characterised by initiatives aimed at developing new technologies and broadening the institutional base for the energy transition in Brazil. In this context, the Ministry of Mines and Energy (“MME”) appointed the members of the Executive Committee of the National Geothermal Energy Programme, which is […]
O&G Newsletter | June 2026: Equatorial Margin, LNG Terminals, and other highlights
Editorial June 2026 was marked by significant regulatory developments in the oil, natural gas and fuels sectors. In the upstream segment, particular attention is drawn to the studies approved by the ANP for the potential offering of new exploration blocks in the Equatorial Margin. Additionally, the STF reaffirmed the constitutionality of the regulation exempting all-electric […]
Royalties, subsidies, and new rules for the O&G sector: what you need to know about May’s changes
Key highlights of this edition: Read the full content:
Stay up to date on key energy transition developments
Key highlights of this edition: • Progress in energy planning with the PDE 2035, PNE 2055 and National Energy Transition Plan; • Regulation of offshore wind and guidelines for area allocation and permitting; • Guidelines for hydraulic storage and resumption of hydropower studies; • Creation of a working group on advanced nuclear reactors in Brazil; […]
2026 Capacity Reserve Auction: Recent Discussions on the Auction
1. Background The 2nd and 3rd 2026 Capacity Reserve Auctions in the Form of Power (“LRCAP 2026”),, held on 18 and 20 March 2026, contracted approximately 19,479 MW of power, with estimated obligations of R$ 517 billion in fixed revenue over contracts of up to 15 years. The auction, conducted by National Electric Energy Agencu […]
ANP launches new cycles of the Permanent Offer
On May 22, 2026, the ANP (National Agency of Petroleum, Natural Gas and Biofuels) published the schedules for the sixth cycle of the Permanent Offer under the Concession Regime (OPC) and the fourth cycle of the Permanent Offer under the Production Sharing Regime (OPP). Regarding the sixth cycle of the OPC, a total of 495 […]
From pre-salt to biomethane: what changed in the O&G sector in April?
Fifteen new exploratory blocks, an unprecedented decarbonization target for natural gas, and a new regulatory framework for fuel subsidies: April 2026 concentrated some of the most relevant decisions in the oil and gas sector in recent months. Our experts highlight the inclusion of 15 new Pre-Salt blocks in the Permanent Offer (OPP) in the Campos […]