Heloisa Borges Esteves holds a PhD, a master degree and a BA in Economics from the Federal University of Rio de Janeiro. She is also a lawyer, holding a BA and an LLM degree from the State University of Rio de Janeiro. Heloisa was a visiting scholar at the University of Virginia Law School and a fellow at Columbia Women´s Leadership Program from the Columbia University.

She has authored or co-authored research papers and book chapters on energy economics, economic regulation, law and economics and antitrust.

Heloisa served in several positions in the Brazilian Public Administration (as a teacher, researcher and federal public servant) and joined the National Agency for Petroleum, Natural Gas and Biofuels in 2005, as a Regulation Specialist. At ANP, she acted as Technical Advisor in the Antitrust Coordination and Superintendent Advisor, Deputy Superintendent and Superintendent of Licensing Rounds.

While serving in ANP Heloisa was responsible for the Brazilian bidding rounds held by ANP in the years 2018 and 2019, and for the modeling and review of the Brazilian tender protocols, concession and PSC contracts between 2017 and 2019.

Since May 2020, Heloisa joined the Energy Research Office (EPE) as the Director for Oil, Natural Gas and Biofuels Studies.