Brazil resumes environmental analysis to auction 52 oil and gas blocks

Brazil's government has resumed environmental analysis for auctioning 52 oil and gas blocks, with decrees setting a 30-day deadline to approve studies in the Solimões and Sergipe-Alagoas/Jacuípe basins, and preparation underway for the Pelotas Basin. This signals renewed upstream activity and potential supply expansion, though approval timelines and actual auction outcomes remain uncertain.

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