This group brings together those who are interested in topics around oil and gas exploration, drilling, refining, and processing.

Post

Petrobrás and compliance

Rafael Herzberg's picture
Consultant energy affairs Self employed

Rafael Herzberg- is an independent energy consultant, self-employed (since 2018) based in São Paulo, Brazil* Focus on C level, VPs and upper managers associated to energy related info, analysis...

  • Member since 2003
  • 2,113 items added with 1,235,675 views
  • Apr 4, 2021
  • 859 views

Petrobrás and compliance

The huge state-owned oil company's CEO was fired by Brazil's president. But... he stated emphatically that he would not interfere in the company.

The company's official reports published in recent years show that there has been a solid recovery in its economic and financial balance sheets, production is rising steadily and its market price (shares) rising.

In a healthy environment, a company's important decisions are analyzed and passed through the board. And so good compliance is reached, protecting all stakeholders.

Unfortunately, the dismissal was not explained, It did not include a plausible justification that would give tranquility to the company's controllers (all Brazilians).

So why does the "compliance" sector exist in the company?

Rafael Herzberg's picture
Thank Rafael for the Post!
Energy Central contributors share their experience and insights for the benefit of other Members (like you). Please show them your appreciation by leaving a comment, 'liking' this post, or following this Member.
More posts from this member
Discussions
Spell checking: Press the CTRL or COMMAND key then click on the underlined misspelled word.

No discussions yet. Start a discussion below.

Get Published - Build a Following

The Energy Central Power Industry Network is based on one core idea - power industry professionals helping each other and advancing the industry by sharing and learning from each other.

If you have an experience or insight to share or have learned something from a conference or seminar, your peers and colleagues on Energy Central want to hear about it. It's also easy to share a link to an article you've liked or an industry resource that you think would be helpful.

                 Learn more about posting on Energy Central »