Investment News in Brazil
| 11/5/2013 - OSX Brasil SA, the struggling shipbuilder controlled by former Brazilian billionaire Eike Batista, got a much-needed lifeline after two banks agreed to refinance a 400 million real ($175 million) loan... |
| 10/30/2013 - Brazil's BM&F Bovespa, operator of the Sao Paulo stock exchange, said that it would remove oil company OGX Petroleo e Gas Participacoes SA from its various stock indices but that the shares, after a b... |
| 10/28/2013 - OGX Petroleo e Gas Participacoes SA, the Brazilian oil company controlled by former billionaire Eike Batista, will file for bankruptcy protection as early as Tuesday, three sources with direct knowled... |
| 10/28/2013 - The cost of developing the giant offshore Libra oil field will not delay other projects in the portfolio of Brazil's state-run oil company Petroleo Brasileiro SA, Director of Exploration Jose Formigli... |
| 10/18/2013 - OGX Petroleo e Gas Participaçoes SA, the ailing Brazilian oil producer controlled by tycoon Eike Batista, said on Friday it is in talks with potential investors for merger options that could include a... |
| 10/1/2013 - OGX Petroleo e Gas Participacoes SA missed a $45 million interest payment due, moving the debt-laden Brazilian oil producer closer to the largest Latin American corporate debt default ever. ... |
| 9/21/2013 - Brazil's government plans to finance state-run oil company Petroleo Brasileiro SA's participation in the October 21 auction of Libra, country's largest-ever oil discovery, the Estado de S. Paulo daily... |
| 9/18/2013 - The president of Petrobras, Maria das Gracas Silva Foster said, at a public hearing at the Senate, that the Company will invest R$ 4 billion in 2013 and R$ 21.2 billion between 2013-2017 in Informatio... |
| 9/13/2013 - Chevron Corp, the No. 2 U.S. oil company, signed an accord that could lead to the end of civil lawsuits seeking $17.5 billion in damages for a November 2011 oil spill, the company's lawyer in Brazil, ... |
| 9/6/2013 - OGX, the debt-laden Brazilian oil company, said on it has called in a promise from controlling stakeholder Eike Batista to start injecting $1 billion into his empire's flagship company while it renego... |
| 7/16/2013 - Petrobras has signed two financing programs with the Japan Bank for International Cooperation - JBIC for the offer of two lines of credit amounting to US$ 1.5 billion. Mizuho Bank, Ltd. is the agent b... |
| 7/1/2013 - Brazilian billionaire Eike Batista's flagship oil company OGX Petroleo e Gas slashed capital spending and pulled the plug on three offshore oil prospects, the latest move by his EBX Group to bolster f... |
| 4/10/2013 - Brazil's state-run oil company Petrobras said that it would borrow $20 billion in 2013, 63 percent above its planned five-year average, as stagnant revenue and fuel subsidies increase the need for deb... |
| 2/11/2013 - A seven-year dispute between U.S. engineering company KBR Inc and a Brazilian client over an oil project off the coast of the country settled last month with a $219 million payment by Halliburton Co, ... |
| 10/23/2012 - HRT Participacoes em Petroleo SA, the oil startup exploring in the Amazon and Namibia, said a plan to collaborate with Petroleo Brasileiro SA may include sharing a pipeline and building power and fert... |
| 5/6/2011 - OGX, an oil and gas company which is part of the EBX Group, owned by entrepreneur Eike Batista, closed the first quarter of 2011 with investments of R$ 679 million in its exploration and production (E... |
| 3/25/2011 - OGX, an oil and gas company which is part of the EBX Group, owned by entrepreneur Eike Batista, closed 2010 with investments of R$ 2.5 billion in its onshore and offshore drilling activities, which i... |
| 11/10/2010 - General Electric Company announced that it plans to invest $500 million (USD) to expand its operations in Brazil and to accelerate technology partnerships with leading Brazilian companies spanning mul... |
| 10/22/2010 - Shell announces investment to support phase II of the prolific Parque das Conchas (BC-10) project more than 100 kilometres (62 miles) off the coast of Brazil. This significant investment develops the ... |
