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AziLat Acquires OGX's Stakes in 2 Blocks Offshore Brazil
Monday, October 19, 2015AziLat acquires OGX Petroleo e Gas' full interests in two blocks offshore Brazil.

Brazil's Oleo e Gas to Cut 40% of Workforce
Thursday, January 22, 2015Brazilian 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.

Brazil Regulator to Mull Revoking Block Rights of Batista Oil Company
Tuesday, January 28, 2014Brazil'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.

Brazil's OGX Maranhao Changes Name to Parnaiba Gas Natural
Thursday, November 28, 2013OGX 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.

Brazil's OGX Considers Legal Steps After Petronas Rescinds $850M Deal
Tuesday, November 19, 2013OGX, 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.

OGX Says $850M Petronas Deal May End Up in Arbitration
Friday, November 01, 2013OGX, 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.

Brazil's OSX May Seek Bankruptcy Protection
Thursday, October 31, 2013Analysts 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.

Brazil Court Confirms Oil Company OGX Filed Bankruptcy Petition
Wednesday, October 30, 2013OGX files a petition for bankruptcy protection in a Rio de Janeiro court, a spokeswoman for the court's press office says.

Diamond Profit Beats Estimates, but Rig Delays Weigh on Shares
Thursday, October 24, 2013Diamond 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.

Brazil: OGX May Keep Blocks Under Bankruptcy Protection
Thursday, October 17, 2013Cash-strapped OGX may get to keep its oil exploration blocks even if it files for bankruptcy protection, the head of ANP says.

Source: Brazil's OGX Fires CEO, 2nd Executive in Restructuring Push
Tuesday, October 15, 2013OGX 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.

OGX Scrambles to Stay Afloat
Thursday, October 10, 2013OGX missed production targets for the company's first producing wells offshore Brazil, triggering a decline in the company's share price.

Brazil's OGX Misses $45M Payment on Bond
Tuesday, October 01, 2013OGX misses a $45 million interest payment due, moving the debt-laden Brazilian oil producer closer to the largest Latin American corporate debt default ever.

Offshore Contractors Adjust Rig Fleets on Brazil Woes
Friday, September 20, 2013The 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.

OGX Elects Board Members, Batista May Come Under More Pressure
Friday, September 13, 2013Brazil'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.

Brazil's Batista To Challenge OGX Call on $1B Pledge
Monday, September 09, 2013Batista 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.

Brazil's OGX to Review E&P Plans, Gives Up New Block Buys
Tuesday, August 27, 2013OGX abandons plans for the purchase of a number of oil exploration licenses, as the company reassesses its exploration and production program.

OSX Says OSX-3 Platform Arrives in Brazil; Names Gomes as CEO
Monday, August 26, 2013OSX 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.

Sources: Brazil to Reject OGX's Tubarão Azul Oilfield Plan
Monday, August 26, 2013Brazil'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.

Brazil's OGX Secures Installation License for Hammerhead Field
Monday, August 12, 2013Brazil's troubled OGX says it secured a license to install a production platform in its Tubarao Martelo and Remora fields.

Brazil Investigating Petrobras, OGX in Antitrust Law
Tuesday, July 30, 2013Brazilian anti-trust body claims the two companies violated the country's antitrust law in a deal that was made last year.

Petronas to Buy Stakes Offshore Brazil from OGX at $850M
Wednesday, May 08, 2013Petronas is the latest Asian state-owned oil company to snap up significant stakes in overseas oil-and-gas assets.

Brazil OGX's April Oil Output Plummets as Well Repairs Continue
Tuesday, May 07, 2013OGX says that crude oil production plunged in April as the company continues to repair equipment at the Tubarao Azul offshore oil field.

Brazil's OGX Close to Sale Of Oil Field Stake to Petronas
Monday, May 06, 2013OGX could announce as soon as Tuesday the sale of a 40% stake in the Tubarao Martelo oil field for around $850 million to Petronas.

Lukoil in Talks to Buy 40% of Brazil's OGX
Monday, April 22, 2013Reports 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.

Batista's OGX Drops on Financing Outlook
Friday, April 05, 2013Shares in OGX extended losses after the oil company controlled by Brazilian billionaire Eike Batista had its credit rating cut by Standard & Poor's.

Brazil's OGX Evaluating Funding Options for Concession Auction
Wednesday, March 27, 2013OGX 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.

Brazil's OGX Declares Three Offshore Oil Fields Commercial
Thursday, March 14, 2013OGX, part of billionaire businessman Eike Batista's industrial empire, said that it had declared three offshore oil fields commercially viable for development.

First Oil From Atlanta Field in Second Half of 2014, or First Half of 2015
Friday, January 11, 2013Brazilian 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.

Petrobras Sells Stake in BS-4 Block
Monday, November 26, 2012Petrobras has sold 40% of its interest in the BS-4's Concession to OGX.

OGX to Reduce 2013 Capex to About $1.2B
Wednesday, August 15, 2012OGX 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.

Brazil Prosecutors Check OGX Environmental Licenses
Friday, August 10, 2012Brazil'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.

OGX Declares Tubarao Azul Commercial
Tuesday, May 15, 2012OGX has presented to the ANP a Declaration of Commerciality of a portion of the Waimea Complex.

OGX Strikes Success in Shallow Waters of Campos Basin
Thursday, April 26, 2012OGX 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.

OGX Declares Waikiki Oil Field Commercial
Wednesday, April 25, 2012OGX declares the Waikiki oil field commercial, OGX's first commercial declaration of an offshore oil discovery.

OGX Places Platform Order with Techint
Thursday, April 19, 2012OGX 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

OGX Confirms Additional Light Oil in Santos Basin
Thursday, April 12, 2012OGX 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.

OGX Prices Senior Unsecured Notes at $1.06B
Wednesday, March 28, 2012OGX announced the pricing of Senior Unsecured Notes ("Notes") totaling $1.063 billion.

Waimea, Waikiki Carry OGX Toward Producer Wave
Friday, March 23, 2012OGX 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.

OGX Buys Operatorship of Campos Basin Blocks
Tuesday, March 20, 2012OGX acquires an additional 20 percent stake in the shallow waters of the Campos Basin becoming operator of these blocks.

OSX: New OGX Platform Orders Could Trigger $1B Cap Increase
Friday, March 16, 2012A fresh order for oil production platforms could trigger a $1 billion capital increase at Brazilian shipbuilding and oilfield services firm OSX Brasil S/A.

OGX Confirms Hydrocarbon Find in Santos Basin
Wednesday, February 01, 2012OGX has confirmed the existence of pre-salt microbiolite reservoirs with hydrocarbons in the shallow waters of the Santos Basin.

OGX Begins Production at Waimea Well
Monday, January 30, 2012OGX reported the beginning of the opening procedure of well OGX-26HP in Waimea in the Campos Basin.

Brazil's OGX Gains Production License For Waimea Oil Field
Monday, January 02, 2012Brazilian 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.

Drill-Stem Test at OGX's Natal Well Confirms O&G Presence
Monday, October 03, 2011OGX 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.

GE Secures Major OGX Contract for Fields Offshore Brazil
Tuesday, September 20, 2011GE 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.

OGX Wins License for Waimea Development
Friday, September 16, 2011Brazilian 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.

OGX Concludes Drill-Stem Test in Santos Basin
Monday, August 29, 2011OGX 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.

OGX Intensifies Appraisal Campaign; Posts 2Q Loss
Thursday, August 11, 2011"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.

Keppel Lands OGX Deals
Friday, August 05, 2011Keppel 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.