December 2025 was marked by an intensification of regulatory activity in the oil, gas, biofuels and offshore industry sectors.
Check out the main highlights from this edition of our Oil & Gas Newsletter:
- ANP signs contracts for the 5th Cycle of the OPC for 33 blocks, with a record signing bonus of BRL 989 million and forecast investments exceeding BRL 1.4 billion
- ANP publishes Resolution No. 991/2026 establishing a new tariff regime for natural gas transportation aligned with the New Gas Law, with updated methodologies for valuing the Regulatory Asset Base
- ANP approves methodology and criteria for the rate of return for natural gas transportation companies for the 2026-2030 Tariff Cycle, with a WACC of 7.63% per annum, and completion of tariff definition scheduled for May 2026
- ANP approves draft authorization for the country’s first underground natural gas storage project in the Pilar field, in Alagoas
- ANP opens Public Consultation No. 15/2025 on the regulation of the Certificate to Guarantee the Origin of Biomethane (CGOB), with validity of up to 18 months and use for regulatory targets or the voluntary market
- CNPE defines mandatory annual GHG emission reduction targets for RenovaBio until 2035, with 48.09 million CBIOs in 2026 and an expectation of 73.45 million by the end of the decade
- ANP authorizes Petrobras to sell marine diesel oil with renewable content (Diesel Verana) until definitive regulation, aligned with the International Maritime Organization’s decarbonization guidelines
Read more: