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

Related Stories

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

Yinson Production, “K” LINE Target Europe's CCS with FSIU and LCO2 Solutions

Keyfield Ventures into Indonesia’s Oil and Gas Market with New Partner

ABS Greenlights SHI’s Multi-Purpose Deepwater LNG Floating Unit

Scarborough FPU's Topsides and Hull Come Together in Major Engineering Feat (Video)

MODEC Wins ExxonMobil Guyana’s Hammerhead FPSO Contract

Sapura Energy Nets $22.6M in Offshore Support Vessel Contracts

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

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

EnerMech Names APAC Regional Chief

Current News

Pandion Energy Divests Interests in Three Norwegian Assets to Inpex

China Starts Production at Major Oil Field in Bohai Sea

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

China Rolls Out 17MW Floating Wind Turbine Prototype

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

EnQuest Picks Up Offshore Oil and Gas Block in Brunei

CNOOC Finds Oil and Gas in South China Sea

Seatrium Makes First Turnkey FPSO Delivery to Petrobras

KBR-SOCAR Joint Venture Secures Work for BP in Azerbaijan

Baker Hughes, Petronas Team Up for Asia-Pacific Energy Resilience

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