Golar Unit Names New Boss as Former CEO Steps Down Amid Bribery Probe in Brazil

Arunima Kumar
Monday, October 12, 2020

Golar LNG said on Monday Hygo Energy Transition Ltd, a joint venture between Golar and U.S. private equity firm Stonepeak Infrastructure Partners, has appointed Paul Hanrahan as chief executive officer after Eduardo Antonello stepped down, following a corruption investigation in Brazil.

Antonello has been accused by Brazilian federal prosecutors of bribery in a massive Car Wash corruption probe that in six years has led to the jailing of two former Brazilian presidents and hundreds of executives and politicians, with Brazilian and Dutch police executing dozens of search warrants.



The current phase of the probe looks into three contracts worth $2.7 billion signed between Sapura and state-run oil firm Petrobras in 2011. Sapura was formed in 2011 as a joint venture in Brazil between offshore oil rig company Seadrill Ltd and Malaysia's Sapura Energy Bhd.

Antonello worked for Seadrill at the time Sapura was formed and was responsible for establishing the company's Brazilian operations.

Golar also said Hygo and Norsk Hydro have mutually agreed to terminate the existing memorandum of understanding between the parties dated July 22, 2020 to supply LNG to the Alunorte alumina refinery in Brazil. 

(Reporting by Arunima Kumar in Bengaluru; Editing by Vinay Dwivedi)

Categories: People & Company News Offshore People Industry News Activity South America

Related Stories

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

EnerMech Names APAC Regional Chief

Marine Masters Secures Wellhead Platforms Installation Job Off India

SLB Names Raman CSO, CMO

US Operator Finds Oil Offshore Vietnam

ADES’ Fourth Suspended Jack-Up Rig Gets Work Offshore Thailand

Shell Shuts Down Oil Processing Unit in Singapore Due to Suspected Leak

Floating LNG Conversion Job Slips Out of Seatrium’s Hands

Transocean’s Drillship to Stay in India Under New $111M Deal

Driven by Oil & Gas, Norway Wealth Fund Approachs $2 Trillion

Current News

Fire at Petronas Gas Pipeline in Malaysia Sends 63 to Hospital

Japan’s ENEOS Xplora, PVEP Ink Deal for Vietnam Offshore Block

CNOOC Makes Major Oil and Gas Discovery in South China Sea

Valeura’s Assets in Gulf of Thailand Remain Operational After Earthquake

Op-Ed: Kazakhstan’s National O&G Firm Positioning Itself as Global Energy Player

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

CNOOC Sees 11% Profit Growth in 2024 Driven by Record Oil Production

‘Ultra-Mega’ Offshore Deal for L&T at QatarEnergy LNG’s North Field Gas Scheme

Keel Laying for Wind Flyer Trimaran Crew Boat

MODEC Gets Shell’s Gato do Mato FPSO Ops and Maintenance Job

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