Research Reports — Stratis Intelligence

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Energy & Upstream 25 Jun 2026

Venezuela Oil Sector — Earthquake Impact Assessment

The M7.2/M7.5 doublet struck at the worst possible moment for Venezuela's fragile oil recovery. Primary producing regions are geographically insulated. Chevron, Eni, and Repsol confirmed continued operations. The unresolved risk: the Pequiven Morón petrochemical complex sits directly in the epicentre zone with no official PDVSA disclosure.

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Energy · Fertilizers 25 Jun 2026

Petrobras UFN-III: Strategic Restart, Real Risks, Investor Entry Points

Petrobras signed contracts to restart the UFN-III nitrogen complex after a decade idle. R$5bn+ capex, 2029 target. Six investor entry points identified across gas supply, EPC, O&M, and offtake — with a balanced risk assessment.

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Gas & LNG 26 Jun 2026

Brazil LNG Access Reform: What the ANP Rule Really Means for Investors

Brazil's ANP approved non-discriminatory third-party access to LNG terminals — targeting incumbent control over physical infrastructure. An incremental positive for Brazil's gas thesis, but an execution story, not a solved-market story.