Brazil back on track
This year should see Brazil's recovery deepen, but also holds the risk of a presidential election derailing it
After a promising 2017, this year looks set to be a busy and productive one for Brazil's oil industry. The market re-opening will be consolidated with new acreage offers, important pre-salt projects are coming onstream, and additional oil reforms should boost competition in the country. After President Dilma Roussef's impeachment and the rise of Michel Temer to the presidency in 2016, the National Petroleum Agency (ANP) and Ministry of Mines and Energy (MME)—the two top oil regulators—started a turnaround, introducing rule changes and improvements in order to enhance Brazil's attractiveness. These changes came after years of stagnation, when previous administration policies proved to be detr
Also in this section
12 December 2025
The latest edition of our annual Outlook publication, titled 'The shape of energy to come: Creating unique pathways and managing shifting alliances', is available now
12 December 2025
The federal government is working with Alberta to improve the country’s access to Asian markets and reduce dependence on the US, but there are challenges to their plans
11 December 2025
The removal of the ban on oil and gas exploration and an overhaul of the system sends all the right messages for energy security, affordability and sustainability
10 December 2025
The economic and environmental cost of the seven-year exploration ban will be felt long after its removal
