Bolsonaro Approached Castello Branco About Being Petrobras CEO

By Marta Nogueira and Alexandra Alper
Tuesday, October 30, 2018

Brazilian President-elect Jair Bolsonaro's team approached Roberto Castello Branco, a former board member at state-controlled Petroleo Brasileiro SA (Petrobras), about the possibility of his becoming its new chief executive, two people with knowledge of the matter said on Tuesday.

The sources, who asked for anonymity because they were not authorized to speak on the matter publicly, said Castello Branco initially turned down the idea. Bolsonaro's main advisers did not immediately comment on the matter.

Castello Branco had recent meetings with the Bolsonaro team led by incoming Finance minister Paulo Guedes to discuss oil and mining issues, given his prior experience. Castello Branco has also been director at miner Vale SA.

The sources said that while Castello Branco did not commit immediately to the Petrobras post, he said he was willing to contribute to the elected government.

Castello Branco, currently a professor at Fundação Getulio Vargas (FGV), has a PhD from the University of Chicago, where Guedes also studied.


(Reporting by Marta Nogueira and Alexandra Alper. Additional reporting by Luciano Costa; Writing by Tatiana Bautzer; Editing by Peter Cooney and James Dalgleish)

Categories: Floating Production FPSO Offshore Energy Industry News People

Related Stories

QatarEnergy Selects Technip Energies JV for North Field West Expansion Work

MISC, PTSC Extend Ruby II FPSO Operations Offshore Vietnam

Eni Enlists Shearwater for 3D Seismic Survey in Timor Sea

MODEC, Eld Energy Partnership Targets Low-Carbon FPSO Power

Inpex Moves to Accelerate Indonesia’s Abadi LNG Project

Philippines Makes First Offshore Gas Discovery in Over a Decade

Thailand's Gulf Energy Eyes Long-Term LNG Supply

DOF Bags Two Deals in Asia-Pacific Region

Fugro Nets Mubadala Energy’s Deepwater Gas Job in Asia

CNOOC Puts New South China Sea Development Into Production Mode

Current News

Velesto Gets Shell’s Deepwater Job Offshore Malaysia

Subsea7 Extends Engagement on Türkiye’s Sakarya Field with New Deal

Asia’s Oil Reliance on Middle East Explained

Oil Prices Go Up 3% as Iran Crisis Disrupts Supply

Petronas Picks OceanSTAR Elite FPSO for Asian Oil and Gas Project

Velesto Inks Five-Year Drilling Deal for Jack-Up Rig with Petronas

Arabian Drilling Reactivates Fleet as GCC Offshore Contract Starts

Qatar LNG Halt Forces Asia to Seek Alternative Supplies

China Looks Best Placed to Weather Iran Energy Shock

Qatar Stops LNG Output, Other O&G Fields Shut as War Rages

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com