In this edition of Mayer Brown’s Global Energy Industry Review, our associated firm in Brazil, Tauil & Chequer Advogados, sheds light on the intricacies of Brazil’s oil and gas exploration and production (E&P) regimes, which were put in place to control petroleum E&P activities in the country’s pre-salt coastal shelf. We then discuss how the European Commission hopes to increase accountability among EU governments for revenues generated through the exploitation of their countries’ natural resources.

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