Parente appointed chief executive officer of Petrobras

May 20, 2016 12:00 AM

Pedro Pullen Parente has been tabbed by Brazil’s acting President Michel Temer to take the role of chief executive officer of state-owned Petroleo Brasileiro SA (Petrobras).

He succeeds Aldemir Bendine, who took the position in February 2015 following the resignation of Maria das Gracas Silva Foster and five other senior executives amid a corruption scandal that involved the highest reaches of the Brazilian government.

Parente, currently chairman of Sao Paolo stock market operator BM&F Bovespa, previously served as chief executive officer and president of agribusiness and food giant Bunge Brasil SA from 2010 to 2014.

Petrobras posted a first-quarter net loss of $340 million, attributing it primarily to higher interest costs and negative monetary and exchange rate variations; a 7% reduction in oil and gas production; an 8% decline domestic sales of oil products; an increase in depreciation costs; and higher spending on idle equipment, particularly drilling rigs.

Market Research

The International Affairs Institute (IAI) and OCP Policy Center recently launched a new book: The Future of Natural Gas. Markets and Geopolitics.


The book is an in-depth analysis of some of the fastest moving gas markets, attempting to define the trends of a resource that will have a decisive role in shaping the global economy and modelling the geopolitical dynamics in the next decades.

Some of the top scholars in the energy sector have contributed to this volume such as Gonzalo Escribano, Director Energy and Climate Change Programme, Elcano Royal Institute, Madrid, Coby van der Linde, Director Clingendael International Energy Programme, The Hague and Houda Ben Jannet Allal, General Director Observatoire Méditerranéen de l’Energie (OME), Paris.

For only €32.50 you have your own copy of The Future of Natural Gas. Markets and Geopolitics. Click here to order now!


Upcoming Conferences
« May 2019 »
1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31

Register to announce Your Event

View All Events