LatinNews Daily - 23 October 2025

*Brazil’s federal oil and gas regulator (ANP) has held an auction for offshore oil concessions, with state-controlled oil company Petrobras gaining full control of one of the seven blocks on offer and partial control of a second block. The ANP planned to auction seven blocks near the south-eastern coast of Brazil, although only five blocks were awarded. The total initial investment for the five blocks is R$451.5m (US$83.6m). Petrobras was granted the concession for the Citrino block, in the Campos Basin, and was also awarded a 60% stake in the Jaspe block, also in the Campos Basin, with Norwegian oil giant Equinor holding the remaining 40% stake. Equinor was also granted the concession for the Itaimbezinho block, again in the Campos Basin. The two other blocks that were awarded in yesterday’s auction are in the Santos Basin. The Esmeralda block was granted to the Brazilian subsidiary of Australian oil firm Karoon, while the Ametista block was granted to a consortium of two Chinese state-owned companies, the China National Offshore Oil Corporation (CNOOC) and Sinopec.

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