News & Analysis as of

Brazil Oil & Gas

Mayer Brown

Permanent Offer – Petrobras Exercises Its Preferential Right In Jaspe

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On August 28, 2024, Brazil’s National Energy Policy Council ("CNPE") published CNPE Resolution No. 6/2024, announcing the exercise of Petróleo Brasileiro S.A.’s ("Petrobras") preferential right to be the operator in the Jaspe...more

Mayer Brown

New Decree Regulating the Gas Law Published

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On August 27, 2024, Brazilian President Luiz Inácio Lula da Silva signed five documents at a ceremony to approve the national energy transition policy: (i) revoking Decree 9.928/19, which established the Technical Committee...more

Mayer Brown

Permanent Offer: ANP Sets Strategic Calendar of Geo-Economic Assessments for 2024/2025

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In order to promote transparency and predictability so that the market can direct its future investments more assertively, the Brazil’s National Agency of Petroleum, Natural Gas and Biofuels ("ANP") approved, through Board...more

Mayer Brown

Permanent Offer: Public Consultation on the Revision of the Tender Protocol and Draft Concession Contracts

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On July 1, 2024, Brazil’s National Agency of Petroleum, Natural Gas and Biofuels (ANP) initiated Public Consultation No. 02/2024 to receive contributions on the draft of the tender protocol for the Permanent Offer under the...more

Mayer Brown

ANP Approves New Resolution on Liquefied Natural Gas (LNG)

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On July 2, 2024, Brazil’s National Agency of Petroleum, Natural Gas and Biofuels (“ANP”) published Resolution No. 971/2024 (the “Resolution”), regulating the authorization of the activities of bulk Liquefied Natural Gas...more

Mayer Brown

New Resolution on Bidding Procedures Under Concession and Production Sharing Regimes

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In order to regulate the bidding procedure for granting exploration and production rights, ANP Resolution No. 969/2024 unified ANP Resolutions No. 24/2013 and No. 18/2015, which addressed, respectively, the bidding procedures...more

Mayer Brown

ANP Approves Studies of Pre-Salt Blocks

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On May 29, 2024, the Board of Directors of the Brazilian Agency of Petroleum, Natural Gas and Biofuels (ANP) published Resolution No. 322/2024, approving the geo-economic studies relating to four pre-salt blocks: (i)...more

Braumiller Law Group, PLLC

Hot Topics in International Trade - June 2024 - BRICS A Focus on De-Dollarization and Global Expansion

It was about two years ago I recall writing an article on the QUAD, whose members are the U.S., India, Australia, Japan. It was truly a head scratcher to me as to just how India, Modi specifically, was able to navigate...more

Mayer Brown

Growth in Brazilian Oil Production Will Require Investment in Maritime Infrastructure

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The past few weeks have been intense, with many discussions in the energy sector about Brazil's prospects in the energy industry. Brazil's potential to continue being a leader in biofuels and clean energy, along with...more

Mayer Brown

ANP Approves Regulatory Impact Analysis Report on Third Party Access to Essential Natural Gas Infrastructure

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On May 16, 2024, the Board of Directors of Brazil’s National Agency of Petroleum, Natural Gas and Biofuels (“ANP”) approved the Regulatory Impact Analysis Report (“AIR”) for the regulation of non-discriminatory and negotiated...more

Mayer Brown

ANP Publishes Individual Renovabio Emissions Targets for 2024 and 2023 Results

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On March 28, 2024, Brazil’s National Petroleum Agency (ANP) published the mandatory individual targets for reducing greenhouse gas emissions for 2024. These targets consider the global target of 38.78 million Decarbonization...more

The Volkov Law Group

Trafigura’s Bribery Scheme: Clandestine Meetings, 3rd Parties and Shell Companies (Part II of III)

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Trafigura’s bribery scheme resembles the same schemes implemented by its significant competitors — Vitol, Glencore, Gunvor.  At the core of the conduct, Petrobras and Brazilian government officials collected bribes in...more

Thomas Fox - Compliance Evangelist

The Trafigura FCPA Enforcement Action – Part 4 – Lessons Learned

We conclude our exploration of the resolution of the FCPA enforcement action involving the Swiss trading firm G Trafigura Beheer B.V. (Trafigura), an international commodity trading company with its primary operations in...more

Mayer Brown

Decreto 11.964/24 Regulamenta os Critérios Para Enquadramento de Projetos Prioritários de Infraestrutura

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Novo decreto estabelece regras que deverão ser observadas para o enquadramento de projetos como prioritários, reforçando a intenção de priorizar o enquadramento automático, com dispensa de análise prévia pelos ministérios...more

Thomas Fox - Compliance Evangelist

The Trafigura FCPA Enforcement Action-Part 3-The Penalty

We continue our exploration of the resolution of the FCPA enforcement action involving the Swiss trading firm trading firm G Trafigura Beheer B.V. (Trafigura), an international commodity trading company with its primary...more

Mayer Brown

Brasília em Pauta – Edição Nº 149

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Prezados e prezadas, O “Brasília em Pauta” é um boletim semanal preparado pela equipe de Contencioso de Brasília, contendo os principais casos a serem julgados pelo Supremo Tribunal Federal (STF), Superior Tribunal de...more

Mayer Brown

Brasília em Pauta – Edição Nº 145

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PAUTAS: STF – CONTROLE CONCENTRADO E REPERCUSSÃO GERAL | STJ – REPETITIVOS | TCU – PLENÁRIO | CÂMARA DOS DEPUTADOS | SENADO FEDERAL...more

Mayer Brown

Brazil’s CNPE Includes 11 Blocks in the Permanent Offer (Production Sharing) and Adjusts Local Content Percentages

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On December 27th, 2023, the National Energy Policy Council ("CNPE") published Resolution No. 11/2023 ("Resolution") in the Official Gazette, authorizing the offer of 11 blocks in total in the production sharing regime under...more

Morrison & Foerster LLP

Top 10 International Anti-Corruption Developments for August 2023

Designed for busy in-house counsel, compliance professionals, and anti-corruption lawyers, this newsletter summarizes some of the most important international anti-corruption law and enforcement developments from the past...more

The Volkov Law Group

Lessons Learned: Foster Wheeler FCPA Settlement Underscores Danger of Third-Party Risks (Part III of III)

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We all know and hear about third-party risks – over and over again. Despite this recurring theme, organizations continue to pay the price for failing to address third-party issues.  It does not take a rocket scientist to...more

The Volkov Law Group

Foster Wheeler FCPA Action: Dancing with the Devil – Risky Third Parties (Part II of III)

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FCPA settlement actions often underscore specific compliance risks for legal and compliance professionals. If there ever was a case where third-party risks were bungled, and even intentionally embraced, the Foster Wheeler...more

The Volkov Law Group

DOJ and SEC Announce First Corporate FCPA Settlement for 2021: Amec Foster Wheeler, a Wood Group Subsidiary, Agrees to Pay over...

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The Justice Department and the Securities Exchange Commission are back in business.  The first corporate FCPA enforcement action in 2021 came after a six-month hiatus in 2021.  While many commentators sought to read the...more

Mayer Brown

The ABCs of Anti-Corruption and Bribery Law: What Preceded Brazil’s “Operation Car Wash” and What Comes Next?

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Corruption, embezzlement, fraud, these are all characteristics which exist everywhere. It is regrettably the way human nature functions, whether we like it or not. ...more

Morrison & Foerster LLP

Top 10 International Anti-Corruption Developments For March 2021

In order to provide an overview for busy in-house counsel and compliance professionals, we summarize below some of the most important international anti-corruption developments from the past month, with links to primary...more

Mayer Brown

Brazil’s National Agency of Petroleum Publishes Resolutions Maintaining Measures Related to COVID-19

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On December 21, 2020, the National Agency of Petroleum, Natural Gas and Biofuels (“ANP”) published (i) Resolution No. 835/2020, which extends the effective term of certain ANP resolutions with measures related to the public...more

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