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

Inpex Kicks Off FEED Work for Abadi LNG Scheme Offshore Indonesia

CNOOC Brings New Offshore Gas Field On Stream

Dutch Contractor Completes Malaysia’s Largest 'Rig-to-Reef' Decom Project

SBM Offshore’s Jaguar FPSO Enters Drydock in Singapore (Video)

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

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

MODEC and Terra Drone Renew FPSO Drone Inspection Partnership

BW Opal FPSO Vessel set for Work off Australia

TMC Books Compressors Orders for FPSO and LNG Vessels

MODEC Wins ExxonMobil Guyana’s Hammerhead FPSO Contract

Current News

Shipbuilder Delivers Fast Crew Boat Pair to Aesen

Norwegian Oil Investment Will Peak in '25

Saipem Marks First Steel Cut for Tangguh UCC Project at Karimun Yard

Saipem Wins FEED Contract For Abadi LNG Project FPSO Module In Indonesia

Cheniere, JERA Ink Long-Term LNG Sale and Purchase Agreement

Shelf Drilling Lands New Jack-Up Contract in Vietnam, Extends Egypt Deal

Seatrium Engages Axess Group to Clear FPSOs for Brazil Deployment

Inpex Picks FEED Contractors for Abadi LNG Onshore Plant

Inpex Kicks Off FEED Work for Abadi LNG Scheme Offshore Indonesia

ADNOC Signs Long-Term LNG Deal with Hindustan Petroleum Corporation

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