Petrobras Units Could be Sold Under New CEO

Monday, November 19, 2018

Brazil's right-wing President-elect Jair Bolsonaro said on Monday that certain units of Petroleo Brasileiro could be privatized, even though the state-run company is strategic for the state.

Speaking to reporters after his team named Chicago University-trained economist Roberto Castello Branco as the next chief executive of Petrobras, Bolsonaro said its outgoing boss, Ivan Monteiro, could go to state-run Banco do Brasil, the country's largest, although no decision has been taken.


(Reporting by Rodrigo Viga Gaier Editing by Chizu Nomiyama)

Categories: Mergers & Acquisitions Industry News Government Regulations

Related Stories

Storm Forces US Gulf Platform Evacuations

OKEA Taps ABB in Digitalization Push

Halliburton Debuts 3D Logging-While-Drilling Tech

North Sea Capital Making Inroads

Capricorn Norge Drills Dry Well

Lukoil Scans for Treasures Ahead of Oil Exploration

Storm Slashes US Gulf Oil Output 59%

Acteon Acquires Proserv’s Field Technology Services

Activity Picking Up Offshore Guyana

Total Sells UK North Sea Assets

Current News

ABS to Class Mono Column Jack-up

Halliburton Debuts 3D Logging-While-Drilling Tech

Emerson Updates Reservoir Modeling Software

Premier Oil Cuts Operating Costs Forecast

Okea's Second-quarter Profit Rises

New CEO Guy Takes the Helm at EnerMech

Vietnam, China in South China Sea Standoff

Aker Solutions Beats Forecasts

Eni CEO Sues Lawyer for Defamation

Saipem to Build Floating Wind Farm in Saudi Arabia

Subscribe for OE Digital E‑News

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