Posts Tagged ‘ogx’

Mendonca out of OGX group

by on August 31, 2012 8:22 pm BST
EBX, controlled by billionaire Eike Batista, confirmed Mendonca is no longer in the group, but declined to tell the reasons for his departure, Dow Jones reported.Paulo Mendonca left his position at OGX in June, after a meltdown of the company's shares, following after the company reported weaker-than-expected

Brazil prosecutors checking out OGX plans

by Forex Rooton August 10, 2012 9:52 pm BST
Federal prosecutors asked environmental regulators to see studies submitted by the company as part of OGX's plans to develop the Waikiki field in Brazil's Campos Basin, where more than 85% of Brazil's crude oil is produced, Dow Jones reported.OGX declared the field commercial in April.A civil public inquiry

OGX feels the pain, promises new focus

by on June 28, 2012 8:30 pm BST
After falling more than 25% Wednesday, shares shed another 7.8% in Brazil trading on Thursday as analysts chopped valuations and forecasts, Reuters reported. It was the stock’s lowest level in three years and represents a 38% decrease in 2012, the news wire said.“Lower initial production rates and uncertainty … have

OSX lines up $1.3bn in financing

by on June 15, 2012 4:54 pm BST
Reuters reported that Brazil's state development bank BNDES and federally owned lender Caixa Econômica Federal will provide the financing, according to the filing.Part of the financing will also come from Brazil's Merchant Marine Fund, with the banks funneling those monies into OSX, the filing added.Recent offshore oil discoveries