Brazil Court Lifts Export Tax for Select Oil Firms
A Brazilian federal court has granted an injunction to several major international energy companies, including TotalEnergies, Shell, and Equinor, exempting them from a crude oil export tax. This ruling effectively improves the economic viability of their Brazilian crude export operations by reducing fiscal burdens, signaling a more favorable operating environment for these specific players in the South American nation.
Offshore Engineer · April 9, 2026
Christodoulides eyes April deal with ENI and Total for 2027 gas production
President Christodoulides has publicly declared an ambitious goal to secure an agreement with ENI and TotalEnergies by April, targeting initial natural gas production from Cyprus's offshore fields by 2027. This statement highlights the government's intensified commitment to expedite the commercialization of its hydrocarbon reserves and position Cyprus as a key energy player.
Cyprus Mail · April 8, 2026