Petrobras CEO Seeks Penalty-Free Transition Period For Tax Reform Implementation Magda Chambriard says she has asked the Finance Ministry to temporarily suspend fines while companies adapt to the new tax rules, amid uncertainty over compliance requirements and the risk of penalties across different states
Foresea Begins ODN I Drillship Maintenance Work includes obsolescence management of the BOP and drilling system controls, as well as the installation of new equipment.
PetroReconcavo October Production Down 4.1% Maintenance shutdown at the Catu Gas Processing Unit (UTG) and well failures at the Potiguar Asset contributed to monthly output falling to 22,500 boe/d.
Petrobras Sets 2 Consecutive Reactor-Lifting Records At Boaventura Complex Two reactors weighing 1,020 and 1,022 metric tons were lifted and positioned on consecutive days with all five reactors targeted for installation by November 19. The equipment will form the core of a new hydrocracking unit designed to increase S-10 diesel and jet fuel production
Imetame To Return Espírito Santo Basin Block The company has requested the return of ES-T-409 and will pay the Brazilian government for the work commitment not fulfilled under the Minimum Exploration Program (PEM)
NTS Challenges ANP's Zero Asset Base Ruling & Suspends New Investments Decision puts pipeline network expansion projects in limbo, including initiatives covered by the R$ 12 B (US$ 2.33 B) investment plan announced in 2022
PetroReconcavo’s US$ 45.8 M 3Q26 Profit Up 94% Over 3Q25 Despite strong financial performance, average daily O&G gas production fell 10% year over year to 23,600 barrels of oil equivalent per day (boe/d)
Saipem–Subsea7 Merger Gets Conditional Antitrust Approval Antitrust Council ruled that the newly-formed company must sell a specialized rigid-pipe-laying vessel to an independent buyer to preserve sector competition
BNDES Approves US$ 398 M For 4 ROV Support Vessels Merchant Marine Fund loan will cover part of the R$ 2.42 billion (US$ 442 million) project, with vessels to be built by Navship shipyard in Navegantes (state of Santa Catarina)
Natural Gas Can Boost Rio’s Petrochemical & Fertilizer Industries Industry group argues that new O&G investments should extend to the industrial stages of the production chain
Brazil’s Average Daily Natural Gas Consumption Rises 15.4% In 1H26 Power generation and industry drove the increase, according to Abegás data; average daily consumption in the free-market segment rose 36% year over year
Fitch Upgrades Petrobras’ Standalone Credit Assessment, Affirms Its ‘BB’ Global Rating Rating agency raises the company’s Standalone Credit Profile (SCP) from ‘bbb’ to ‘bbb+’, reflecting stronger underlying creditworthiness, while maintaining its global-scale issuer rating at ‘BB’ and its Brazilian national-scale rating at ‘AAA(bra)’, both with stable outlooks
Petrobras Asks Antitrust Council To Reject Saipem–Subsea7 Merger State-owned company reiterates concerns over market concentration in the deepwater SURF market. If the approval is upheld, it has requested structural remedies
Brazil’s O&G Production Surpasses 6 M boe/d The ANP’s monthly bulletin also reported increases in oil and natural gas output, with pre-salt production reaching 5.1 million boe/d
Halliburton Deploys 1st Remote Completion System In Brazil Technology eliminates conventional hydraulic control umbilicals used to operate subsea well-completion equipment, simplifying offshore operations
Energy Assn. Seeks Rule Changes For Battery Storage Auctions Electricity Regulator acknowledge inconsistencies; industry association warns unresolved issues could drive up bids in December
TSEA Advances US$ 175 M Minas Gerais Factory Expansion Early possession of the first site allows preliminary assessments and construction preparations to begin ahead of schedule; acquisition of a second property is expected in March 2027, with construction set to start in the first half of 2027
Firm Green Hydrogen Demand To Be Delayed Geopolitical uncertainty and delays in European incentive policies are keeping Brazilian projects totaling 5 GW to 8 GW on hold
Brazil’s Green Hydrogen Production Costs +27% In 2026 Electricity accounts for much of the increase, according to CELA study
Alupar Wins Chilean Power Transmission Auction Pelarco–Trueno project carries an estimated investment of US$ 85 million
BYD Reaches 9.7% Of Brazilian Market Share With 24,100 vehicles registered in October, the Chinese automaker expands its market share one year after inaugurating its factory in the state of Bahia
ANP Proposes SAF Certification Rules Draft regulation outlines requirements for producers, registrars, and oversight of environmental certificates
Eve Air Mobility & FlyBIS Sign Agreement For 12 Electric Aircraft Partnership builds on a letter of intent signed in 2022 and calls for the development of electric air mobility services in Brazil
Hyundai: Hydrogen Refueling Corridors Key To Developing Fuel Cell Truck Market Automaker sees potential to combine sugarcane- and corn-based ethanol with green hydrogen produced in Brazil’s Northeast to enable carbon-neutral heavy-duty transportation
Aeris Seeks US$ 277 M Debt Restructuring Out-of-court plan has initial support from creditors representing 42% of claims covered
On-Site Solar Investment Falls 46% Among Businesses & Rural Properties The segment attracted US$1.19 billion in investment through October, as grid-connection restrictions drive demand for Zero Grid projects, TTS says
MME Seeks Demand Forecasts for 2027 A-4, A-5 & A-6 Power Auctions Electricity buyers interested in participating in the auctions must submit their projected power purchasing needs to the Electric Energy Trading Chamber (CCEE) by November 16
Vestas: Brazilian Wind Market Showing Early Recovery After 3 Years Of Contraction Turbine manufacturer has secured orders for 1.1 GW of wind capacity in less than 100 days, but CEO says transmission constraints and curtailment remain major obstacles
Copel Shares Cease Trading On Latibex Market Shares will continue to trade on Brazil’s B3 stock exchange and the NYSE
Hitachi Energy Establishes New Service Center In São Paulo Center will expand local support capacity for maintenance, repairs, upgrades and life extension of critical energy infrastructure
1 Oil & Gas 03 novembro 2026 Petrobras Asks Antitrust Council To Reject Saipem–Su... Petrobras Asks Antitrust Council To Reject Saipem–Subsea7 Merger
2 Oil & Gas 05 novembro 2026 BNDES Approves US$ 398 M For 4 ROV Support Vessels BNDES Approves US$ 398 M For 4 ROV Support Vessels
3 Power 06 novembro 2026 Alupar Wins Chilean Power Transmission Auction Alupar Wins Chilean Power Transmission Auction
4 Power 06 novembro 2026 Brazil’s Green Hydrogen Production Costs +27% In 2026 Brazil’s Green Hydrogen Production Costs +27% In 2026
5 Power 06 novembro 2026 Firm Green Hydrogen Demand To Be Delayed Firm Green Hydrogen Demand To Be Delayed