Financials and Investment News in Brazil

OGX to Take Stake in Bankrupt Sister Company
12/26/2013 - OGX, the Brazilian oil exploration and production company, announces that it has reached agreement with a majority of its bondholders on the terms of a financial restructuring that provides a path for...
Brookwater Provides Update on Block 166
5/2/2013 - Brookwater Ventures Inc. reports that the operator of block 166 in the Reconcavo Basin in Brazil has commenced arbitration proceedings against Brookwater's wholly owned subsidiary, Agua Grande Explora...
Brazil President Signs Oil Royalty Law
3/14/2013 - Brazil's President Dilma Rousseff signed into law a bill stripping oil-producing states of billions in royalty earnings to share them with non-producing regions, but a legal challenge is expected to t...
Brazil Congress Overturns Veto on Oil Royalty Bill
3/7/2013 - Brazil's Congress has overturned a presidential veto of a controversial oil and natural gas royalty bill, stripping billions of dollars in revenue from producing states, which have threatened to conte...
Brookwater Provides Corporate Update
9/11/2012 - Brookwater Ventures Inc announces that its wholly owned subsidiary, Agua Grande Exploraçao e Produçao de Petroleo Ltda. ("Agua Grande"), has been notified by the operator of block 166 in the Recôncavo...
OGX Maranhao Announces Fundraising in a Total of R$ 600M
1/20/2012 - OGX, the Brazilian oil and gas company responsible for the largest private-sector exploratory campaign in Brazil, has raised a total amount of R$ 600 million to finance the development of the Gaviao R...
Gran Tierra Announces Capital Program for 2012
12/16/2011 - Gran Tierra Energy holds interests in four blocks in the onshore Recôncavo Basin and two blocks in the offshore Camamu-Almada Basin. The offshore blocks are subject to obtaining regulatory approval fr...
Gran Tierra Announces Capital Program for 2011
12/20/2010 - Gran Tierra Energy Inc, a company focused on oil exploration and production in South America, announced a 2011 capital spending program for exploration and production development operations Brazil. ...
Petrobras Raises $70B in World's Largest Share Sale
9/25/2010 - Petroleo Brasileiro SA, Brazil’s state-controlled oil producer, raised as much as $70 billion in the world’s largest share sale as investors bet on its plans to double output within a decade by tappin...

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