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

One Shelf Drilling Rig Up for New Job in India, Other for Disposal

PTTEP Hires Velesto’s Jack-Up Rig for Drilling Campaign off Malaysia

CNOOC Signs Hydrocarbons Exploration and Production Deal with Kazakhstan

Woodside and Jera Agree LNG Cargoes Supply for Japan’s Winter Period

Japanese Oil and Gas Firm Enters Two Blocks off Malaysia

Woodside Agrees Long-Term LNG Supply with Petronas Unit

Yinson Production Closes $1B Investment to Drive Further Growth

MODEC, Carbon Clean to Advance FPSO-Mounted Carbon Capture Tech

India Stretches Bids Deadline for 13 Offshore Deep-Sea Mineral Blocks

Woodside to Shed Some Trinidad and Tobago Assets for $206M

Current News

One Shelf Drilling Rig Up for New Job in India, Other for Disposal

Four Jack-Up Drilling Rig Deals Set to Bring In $129M for Borr Drilling

PTTEP Hires Velesto’s Jack-Up Rig for Drilling Campaign off Malaysia

Yinson Production Secures $1.17B Refinancing for FPSO Maria Quitéria

Centrica and Thailand’s PTT Ink Long-Term LNG Supply Deal

Petrovietnam, Partners Sign PSC for Block Off Vietnam

Japan Protests China’s New Oil and Gas Construction Activities in East China Sea

CNOOC Signs Hydrocarbons Exploration and Production Deal with Kazakhstan

Thailand's PTT to Buy LNG from Glenfarne's Alaska LNG Project

Woodside and Jera Agree LNG Cargoes Supply for Japan’s Winter Period

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