Statoil ASA announces vice-president, new business ventures

Jorge Camargo, former president of Braspetro, the international arm of Petroleo Brasileiro SA (Petrobras), has been hired by Norway's Statoil ASA as vice-president, new business ventures.

Camargo, who headed the Petrobras's London office for several years before returning to Rio de Janeiro, will now be based in Stavanger.