Brazil: Energy

Brazil's environmental agency, Ibama, fined the state oil company Petrobras 2.5 million reais for an oil spill during a drilling operation in the Foz do Amazonas basin. The country's oil regulator, ANP, said strong ocean currents contributed to the accident. ANP has now authorized Petrobras to resume drilling the well in the Amazon Basin, following the investigation into the spill.

A key roadmap for Brazil's energy transition, promised by President Lula, has been delayed. The holdup is due to a disagreement between government ministries over the auction model for a major new terminal in the port of Santos. Lula has called for a solution, but ministers are divided on how to structure the auction for the project.