OGX Company News

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AziLat Acquires OGX's Stakes in 2 Blocks Offshore Brazil
AziLat acquires OGX Petroleo e Gas' full interests in two blocks offshore Brazil.
8:00 PM EST | October 18, 2015
Brazil's Oleo e Gas to Cut 40% of Workforce
Brazilian oil and natural gas company Oleo e Gas Participacoes SA says it will cut its workforce by 40 percent, or more than 40 workers, to bring costs in line with revenues.
7:00 PM EST | January 21, 2015
Brazil Regulator to Mull Revoking Block Rights of Batista Oil Company
Brazil's ANP oil regulator will decide over the next 60 days whether to revoke the exploration rights for blocks controlled by Oleo e Gas Participacoes SA, the ailing oil company of Brazilian industrialist Eike Batista.
7:00 PM EST | January 27, 2014
Brazil's OGX Maranhao Changes Name to Parnaiba Gas Natural
OGX Maranhao, the Brazilian on-shore natural gas producer, has changed its name to Parnaiba Gas Natural, says Eneva SA, one of three companies that owns a stake in the company, in an e-mailed statement.
7:00 PM EST | November 27, 2013
Brazil's OGX Considers Legal Steps After Petronas Rescinds $850M Deal
OGX, the Brazilian oil producer that filed for bankruptcy protection, is reviewing legal options after Petronas canceled its agreed purchase of a stake in two OGX oil blocks.
7:00 PM EST | November 18, 2013
OGX Says $850M Petronas Deal May End Up in Arbitration
OGX, the beleaguered Brazilian oil company controlled by former billionaire Eike Batista, says it expects to end up in arbitration over a deal struck with Malaysian state oil company Petronas.
8:00 PM EST | October 31, 2013
Brazil's OSX May Seek Bankruptcy Protection
Analysts say that OSX Brasil, owned by Brazil's one-time richest man Eike Batista, may have to file for bankruptcy protection if it cannot renegotiate debt repayment terms with creditors.
8:00 PM EST | October 30, 2013
Brazil Court Confirms Oil Company OGX Filed Bankruptcy Petition
OGX files a petition for bankruptcy protection in a Rio de Janeiro court, a spokeswoman for the court's press office says.
8:00 PM EST | October 29, 2013
Diamond Profit Beats Estimates, but Rig Delays Weigh on Shares
Diamond Offshore Drilling posts a higher-than-expected quarterly profit, but delays in getting rigs out of the shipyard weighed on its prospects for 2014, and its stock fell 3 percent.
8:00 PM EST | October 23, 2013
Brazil: OGX May Keep Blocks Under Bankruptcy Protection
Cash-strapped OGX may get to keep its oil exploration blocks even if it files for bankruptcy protection, the head of ANP says.
8:00 PM EST | October 16, 2013
Source: Brazil's OGX Fires CEO, 2nd Executive in Restructuring Push
OGX Petroleo e Gas Participaçoes SA fires CEO Luiz Carneiro as part of a corporate restructuring plan, a source with direct knowledge of the situation told Reuters.
8:00 PM EST | October 14, 2013
OGX Scrambles to Stay Afloat
OGX missed production targets for the company's first producing wells offshore Brazil, triggering a decline in the company's share price.
8:00 PM EST | October 09, 2013
Brazil's OGX Misses $45M Payment on Bond
OGX misses a $45 million interest payment due, moving the debt-laden Brazilian oil producer closer to the largest Latin American corporate debt default ever.
8:00 PM EST | September 30, 2013
Offshore Contractors Adjust Rig Fleets on Brazil Woes
The once-promising Brazilian offshore oil market is proving a thorn in the side of drilling contractors who are either leaving it or trying to shift some of their rigs elsewhere.
8:00 PM EST | September 19, 2013
OGX Elects Board Members, Batista May Come Under More Pressure
Brazil's debt-laden OGX Petróleo e Gas SA elects three new directors, a move that may put more pressure on controlling shareholder Eike Batista to pay the oil firm $1 billion owed under a put option.
8:00 PM EST | September 12, 2013
Brazil's Batista To Challenge OGX Call on $1B Pledge
Batista will challenge a demand by OGX, the oil company that he controls, that he honor a pledge to pump as much as $1B of new capital into the cash-strapped company, OGX says in a securities filing.
8:00 PM EST | September 08, 2013
Brazil's OGX to Review E&P Plans, Gives Up New Block Buys
OGX abandons plans for the purchase of a number of oil exploration licenses, as the company reassesses its exploration and production program.
8:00 PM EST | August 26, 2013
OSX Says OSX-3 Platform Arrives in Brazil; Names Gomes as CEO
OSX Brazil SA says its OSX-3 vessel has arrived in Brazilian waters and would be delivered to sister oil producer OGX Petroleo e Gas Participações SA.
8:00 PM EST | August 25, 2013
Sources: Brazil to Reject OGX's Tubarão Azul Oilfield Plan
Brazil's oil industry watchdog plans to reject OGX's plan to develop the Tubarao Azul offshore oil field, two government sources with direct knowledge of the situation told Reuters.
8:00 PM EST | August 25, 2013
Brazil's OGX Secures Installation License for Hammerhead Field
Brazil's troubled OGX says it secured a license to install a production platform in its Tubarao Martelo and Remora fields.
8:00 PM EST | August 11, 2013
Brazil Investigating Petrobras, OGX in Antitrust Law
Brazilian anti-trust body claims the two companies violated the country's antitrust law in a deal that was made last year.
8:00 PM EST | July 29, 2013
Petronas to Buy Stakes Offshore Brazil from OGX at $850M
Petronas is the latest Asian state-owned oil company to snap up significant stakes in overseas oil-and-gas assets.
8:00 PM EST | May 07, 2013
Brazil OGX's April Oil Output Plummets as Well Repairs Continue
OGX says that crude oil production plunged in April as the company continues to repair equipment at the Tubarao Azul offshore oil field.
8:00 PM EST | May 06, 2013
Brazil's OGX Close to Sale Of Oil Field Stake to Petronas
OGX could announce as soon as Tuesday the sale of a 40% stake in the Tubarao Martelo oil field for around $850 million to Petronas.
8:00 PM EST | May 05, 2013
Lukoil in Talks to Buy 40% of Brazil's OGX
Reports say that Brazilian businessman Eike Batista is in talks to sell a 40-percent stake in OGX Petroleo e Gas Participacoes to Russia's Lukoil.
8:00 PM EST | April 21, 2013
Batista's OGX Drops on Financing Outlook
Shares in OGX extended losses after the oil company controlled by Brazilian billionaire Eike Batista had its credit rating cut by Standard & Poor's.
8:00 PM EST | April 04, 2013
Brazil's OGX Evaluating Funding Options for Concession Auction
OGX plans to invest $1.3 billion in 2013 but that total doesn't include the company's potential participation in an important new auction of oil and natural-gas concessions.
8:00 PM EST | March 26, 2013
Brazil's OGX Declares Three Offshore Oil Fields Commercial
OGX, part of billionaire businessman Eike Batista's industrial empire, said that it had declared three offshore oil fields commercially viable for development.
8:00 PM EST | March 13, 2013
First Oil From Atlanta Field in Second Half of 2014, or First Half of 2015
Brazilian oil and natural gas company QGEP Participacoes expects to produce its first oil from the offshore Atlanta field between the second half of 2014 and first half of 2015.
7:00 PM EST | January 10, 2013
Petrobras Sells Stake in BS-4 Block
Petrobras has sold 40% of its interest in the BS-4's Concession to OGX.
7:00 PM EST | November 25, 2012
OGX to Reduce 2013 Capex to About $1.2B
OGX will reduce capital expenditures next year as the company cuts the number of drilling rigs that will be tapping exploration prospects, Chief Financial Officer Roberto Monteiro said.
8:00 PM EST | August 14, 2012
Brazil Prosecutors Check OGX Environmental Licenses
Brazil's federal prosecutor's office opened an inquiry into the environmental licensing process of independent driller OGX's plans to develop an offshore oil field, the prosecutor's office said.
8:00 PM EST | August 09, 2012
OGX Declares Tubarao Azul Commercial
OGX has presented to the ANP a Declaration of Commerciality of a portion of the Waimea Complex.
8:00 PM EST | May 14, 2012
OGX Strikes Success in Shallow Waters of Campos Basin
OGX has identified the presence of hydrocarbons in carbonate reservoirs in the Albian section of well 1-OGX-79-RJS, in block BM-C-39, in shallow waters of the Campos Basin.
8:00 PM EST | April 25, 2012
OGX Declares Waikiki Oil Field Commercial
OGX declares the Waikiki oil field commercial, OGX's first commercial declaration of an offshore oil discovery.
8:00 PM EST | April 24, 2012
OGX Places Platform Order with Techint
OGX has placed an order for the charter and construction of the Well Head Platforms 3 and 4, in addition to WHPs 1 and 2 that have been already ordered and which are under construction by Techint.O
8:00 PM EST | April 18, 2012
OGX Confirms Additional Light Oil in Santos Basin
OGX announced that well 3?OGX?74?SPS, the first extension well of the Natal accumulation demonstrated the continuity of the sandstone reservoirs of the Santonian age.
8:00 PM EST | April 11, 2012
OGX Prices Senior Unsecured Notes at $1.06B
OGX announced the pricing of Senior Unsecured Notes ("Notes") totaling $1.063 billion.
8:00 PM EST | March 27, 2012
Waimea, Waikiki Carry OGX Toward Producer Wave
OGX said the commercial declaration of its Waimea and Waikiki fields will complete its transformation from a pure exploration player into a full-fledged oil producer.
8:00 PM EST | March 22, 2012
OGX Buys Operatorship of Campos Basin Blocks
OGX acquires an additional 20 percent stake in the shallow waters of the Campos Basin becoming operator of these blocks.
8:00 PM EST | March 19, 2012
OSX: New OGX Platform Orders Could Trigger $1B Cap Increase
A fresh order for oil production platforms could trigger a $1 billion capital increase at Brazilian shipbuilding and oilfield services firm OSX Brasil S/A.
8:00 PM EST | March 15, 2012
OGX Confirms Hydrocarbon Find in Santos Basin
OGX has confirmed the existence of pre-salt microbiolite reservoirs with hydrocarbons in the shallow waters of the Santos Basin.
7:00 PM EST | January 31, 2012
OGX Begins Production at Waimea Well
OGX reported the beginning of the opening procedure of well OGX-26HP in Waimea in the Campos Basin.
7:00 PM EST | January 29, 2012
Brazil's OGX Gains Production License For Waimea Oil Field
Brazilian gas driller OGX Petroleo e Gas Participacoes SA says it gained an operation and production license that will allow it to start producing oil at the Waimea oil field in Brazil's Campos basin.
7:00 PM EST | January 01, 2012
Drill-Stem Test at OGX's Natal Well Confirms O&G Presence
OGX has concluded the drill-stem test performed in the Santonian section of well 1-OGX-11D-SPS (Natal), in the BM-S-59 block within the shallow waters of the Santos Basin.
8:00 PM EST | October 02, 2011
GE Secures Major OGX Contract for Fields Offshore Brazil
GE O&G has been awarded a major contract from OGX to supply drilling and production equipment for three offshore fixed production platforms to be deployed in the Waimea and Waikiki O&G fields of the Campos Basin, offshore Brazil.
8:00 PM EST | September 19, 2011
OGX Wins License for Waimea Development
Brazilian environmental regulator IBAMA earlier this month issued license for OGX Petroleo e Gas on the test (EWT) and the development of production in the field of Waimea, Block BM-C-41, in the Campos Basin, coast of Rio de Janeiro.
8:00 PM EST | September 15, 2011
OGX Concludes Drill-Stem Test in Santos Basin
OGX has concluded the drill-stem test performed in the Santonian section of well 1-OGX-47-RJS, in the BM-S-59 block, in the shallow waters of the Santos Basin.
8:00 PM EST | August 28, 2011
OGX Intensifies Appraisal Campaign; Posts 2Q Loss
"We remain focused on executing our business plan, which has advanced significantly as we have intensified our appraisal campaign and performed additional drill-stem tests," said Mr. Paulo Mendonca.
8:00 PM EST | August 10, 2011
Keppel Lands OGX Deals
Keppel Shipyard has secured two contracts to convert a FPSO unit as well as to fabricate and integrate an external turret mooring system for an existing FPSO unit.
8:00 PM EST | August 04, 2011