Edition:
United States

Sabrina Lorenzi

Batista's Oleo e Gas denied more time to develop several oil finds

Jan 28 2014

RIO DE JANEIRO, Jan 28 Brazil's oil regulator ANP denied a request by Brazilian businessman Eike Batista's bankrupt Óleo e Gás Participações SA to extend rights to develop several offshore oil and gas discoveries, the company said on Tuesday.

Petrobras to quit huge Brazil oil field -source

Jan 23 2014

RIO DE JANEIRO, Jan 23 Brazil's state-owned oil company, Petrobras, and its partners plan to abandon the major Bem-Te-Vi offshore oil prospect to concentrate investment on a larger discovery nearby, a source with direct knowledge of the decision told Reuters.

Petrobras imports, refining losses may rise on new rules

Dec 13 2013

RIO DE JANEIRO The outlook for cutting money-losing fuel imports at state-run oil company Petrobras dimmed on Friday after Brazil's petroleum regulator said it plans to tighten safety rules and that repairs at the damaged REPAR Refinery will only partly restore capacity.

Brazil judge puts hold on plan for joint OSX, OGX bankruptcies

Dec 06 2013

RIO DE JANEIRO, Dec. 6 A Brazilian state judge suspended a plan to unify the bankruptcy protection petitions of tycoon Eike Batista's oil producer and shipbuilder, saying the joint petition could hurt the interests of a creditor that opposed the plan.

OGX, creditors near accord to swap debt for stock: sources

Dec 03 2013

SAO PAULO/RIO DE JANEIRO OGX Petróleo e Gas Participações SA and its creditors are close to a deal to transform some of OGX's $5.1 billion debt into stock, stripping Brazilian businessman Eike Batista of a controlling stake in the oil company, two sources with direct knowledge of the situation said on Tuesday.

OGX, creditors near accord to swap debt for stock - sources

Dec 03 2013

SAO PAULO/RIO DE JANEIRO, Dec 3 OGX Petróleo e Gas Participações SA and its creditors are close to a deal to transform some of OGX's $5.1 billion debt into stock, stripping Brazilian businessman Eike Batista of a controlling stake in the oil company, two sources with direct knowledge of the situation said on Tuesday.

Ecological doubts, pipeline shortage, undercut Brazil Natgas bid

Nov 28 2013

RIO DE JANEIRO A lack of pipelines and access to drilling equipment as well as unclear environmental rules restricted bidding at Brazil's latest oil and natural gas rights auction to less than a third of the 240 on-shore areas offered, industry officials said on Thursday.

Ecological doubts, pipeline shortage, undercut Brazil Natgas bid

Nov 28 2013

RIO DE JANEIRO, Nov 28 A lack of pipelines and access to drilling equipment as well as unclear environmental rules restricted bidding at Brazil's latest oil and natural gas rights auction to less than a third of the 240 on-shore areas offered, industry officials said on Thursday.

Judge leaves OGX foreign units out of bankruptcy protection

Nov 21 2013

RIO DE JANEIRO A Brazilian judge on Thursday accepted a request for bankruptcy protection from former billionaire Eike Batista's oil company, OGX , but denied the same protection for two small foreign subsidiaries in a potential setback for the company.

Judge denies bankruptcy protection for OGX foreign units

Nov 21 2013

RIO DE JANEIRO A Brazilian judge on Thursday denied bankruptcy protection for the foreign subsidiaries of OGX in a decision that may complicate the recovery of the oil company, which is controlled by former billionaire Eike Batista.

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