Regulatory News
March 22
On March 20, the ANP held a public hearing on the resolution draft on transparency in pricing for the sale of petroleum products and biofuels by producers, importers and distributors. For this, there was an analysis of the 39 contributions received in the public consultation. According to the agency's website, the objectives are "to increase transparency and reduce the asymmetry of information in the process of price formation of petroleum derivatives and biofuels, considering the legal and regulatory fundamentals, potential benefits and risks, and structural characteristics and behavior of each segment.”

Agency director, José Cesário Cecchi, stated that "the goal is to ensure transparency, this is the principle of the regulatory agency. It falls far short of ANP's intention to exert any kind of control over prices."
March 01
The Australian Petroleum Production and Exploration Association (APPEA) and the National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA), in collaboration with the International Offshore Petroleum Environment Regulators Forum (IOPER), will host the Source Control Workshop 2019 in Perth, Australia, on May 20. Australia. The global event will feature experts in safety, logistics and underwater welfare, as well as oil spill experts. The objective is to discuss current best practices and ways to improve leakage control and emergency response time.

The workshop takes place at an important time in Australia, which celebrated at the end of 2018 a year with no fatality among its workers in the oil and gas industry. On the other hand, it had to deal with some leaks, such as one of hydrocarbons that happened on the west coast of the country in November, demanding a quick response from the authorities.
February 22
On February 14, the board of the National Petroleum, Natural Gas and Biofuels Agency (ANP) authorized a 15-day public consultation on the draft resolution on the production, import and distribution of petroleum products and biofuels. The Public hearing will be held on March 20.

According to the ANP's website, the draft transparency report on the price formation of oil, natural gas and biofuel derivatives will be divided into three parts: one for natural gas; another for the segments of production, import and distribution of petroleum derivatives and biofuels; and a third for the resale of automotive liquid fuels and LPG.

The purpose of the consultation is to give market players and the public an opportunity to comment on the new draft, which seeks to increase transparency in the pricing of oil, natural gas and biofuel derivatives.

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