The National Petroleum, Gas and Biofuels Agency (ANP), responsible for regulating the sector in Brazil, announced its priority targets for 2017 with the objective of giving more transparency to the processes and improving the business environment.
The highlights of the year are four rounds of bids for exploration areas. These are to increase the useful life in producing fields and adapting standards applied to the sale and distribution of fuels, especially the regulation for bio-methane value chain.
After 37 years of debate, the US government has decided to implement a strategic budget plan in the regulatory sector, with the goal of reducing regulatory costs, according to an Executive Order from President Donald Trump, dated January 30. This task has been assigned to the Office of Information and Regulatory Affairs (OIRA) - responsible for approving, modifying or vetoing any clause drafted by regulatory agencies in the United States.
Cutting costs and reducing state intervention are also aimed at reducing bureaucracy and boosting trade and industry in the country, thus stimulating greater competitiveness. With these objectives in mind, the new government has already revoked or suspended more than 90 federal regulations from its predecessor. Trump said in a speech to Congress last week that the measures are "a historic effort to massively reduce regulations that crush work."
A memorandum from the Office of Information and Regulatory Affairs (OIRA) - responsible for approving, modifying or vetoing any clause drafted by regulatory agencies in the United States - provides regulatory authorities with a model to leverage regulatory relief measures. The idea is to guide the agencies to inform OIRA about trade-sensitive regulatory activities.
The memorandum was published because it was concluded that over-regulation hampers the country's companies. And also that foreign standards, combined with bureaucracy and protectionism, also result in unjustified expenses for companies.
The memorandum's guidelines indicate that rules for targeting the economy are necessary, but they cannot hurt the competitiveness of a country. And that linking the US regulatory relief program to international regulatory issues may be a means of increasing US access to the external market, and vice versa.