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OFFSHORE & ENERGY MARKET ROUNDUP | OCTOBER 19–28
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A period marked by important developments across maritime fuels, pre-salt exploration, crude oil trading and lower-carbon aviation fuel.
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• PORT OF SANTOS LAUNCHES REGULAR ETHANOL BUNKERING
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  The Port of Santos has started regular ethanol bunkering operations, following a pilot carried out in July. On October 19, the 13,000-TEU CMA CGM IRON became the first vessel supplied under the new regular arrangement, using an Everllence tri-fuel engine certified to operate on ethanol.
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  The initiative involves CMA CGM, Copersucar, Bunker One, AGEO Terminais, Santos Brasil and the Santos Port Authority. Additional ethanol bunkering operations involving CMA CGM vessels are planned before the end of 2026.
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• KAROON AND PPSA FORM ESMERALDA OPERATIONAL COMMITTEE
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  PPSA and Karoon Energy have formally established the Operational Committee for the Esmeralda Block, following a meeting held on October 23.
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  Located in the southern Santos Basin, the 3,655.56 km² block was awarded to Karoon in 2025 and marks the Australian company’s first operatorship under Brazil’s pre-salt production-sharing regime.
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  The committee, chaired by PPSA, will oversee major decisions related to exploration, development and production throughout execution of the contract.
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• PETROBRAS REDUCES CERTIFIED SAF CARBON INTENSITY BY 23.8%
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  Petrobras has obtained renewed ISCC CORSIA certification for sustainable aviation fuel produced at the Duque de Caxias Refinery (Reduc), in Rio de Janeiro.
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  The certification recognized an updated methodology for hydrogen sourced from catalytic naphtha reforming, reducing the carbon intensity attributed to hydrogen by 29%.
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  The improvement resulted in a 23.8% reduction in the certified carbon intensity of SAF produced from corn oil, strengthening the product’s environmental performance under international aviation standards.
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• PPSA OFFERS 4.5 MILLION BARRELS FROM BÚZIOS IN 10TH SPOT AUCTION
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  PPSA is holding its 10th Spot Auction on October 28, offering approximately 4.5 million barrels of Union-owned crude oil from the Búzios field, with cargo liftings scheduled for December 2026.
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  The auction covers five lots and six cargoes sourced from P-79, P-75, P-77, P-76, Almirante Tamandaré and Almirante Barroso. Price offers are referenced to Dated Brent, with bidders able to enter a live bidding stage after written proposals are opened.
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  Stay informed on key offshore and energy developments | oneenergynews.com