Search results for: OGX

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A list of search results

  • 3 July 2013

    Fitch Ratings views OGX Petroleo e Gas Participacoes S.A.’s (OGX) decision to cease the development of its Turbarao Azul Field as neutral to negative for the company’s credit quality given the already sluggish production performance and tightening liquidity position. On July 1, 2013, OGX announced its intention to suspend the development of this field due […]

  • 15 August 2011
    Business & Finance

      Keppel Shipyard Ltd is on track to complete the modification and upgrading works on FPSO OSX-1, the first floating production storage and offloading (FPSO) unit for OSX Brasil S.A. (OSX). Chartered to OGX Petroleo e Gas Participacoes S.A. (OGX), FPSO OSX-1 will be deployed in the Waimea field, in Campos Basin, offshore Brazil. This […]

  • 4 January 2013
    Business & Finance, Operations & Maintenance

    OGX Petróleo e Gás Participações S.A. (“OGX”), Brazil’s largest private oil and natural gas exploration company, announces that it has connected and started its third production well in the Tubarão Azul field, TBAZ-1HP, situated in the Campos Basin, on December 31, 2012, which was under cleaning and adjusting process and today initiated the effective oil […]

  • 5 April 2012
    Business & Finance

    Last week, OGX, the Brazilian oil and gas company responsible for the largest private-sector exploratory campaign in Brazil, has delivered its first shipment of approximately 600,000 barrels of oil to Shell Western Supply and Trading Ltd. (“Shell”). On March 27, 2012, the Company, owned by Eike Batista, initiated the process of offloading the first shipment of OGX’s […]

  • 3 July 2012
    Business & Finance

    OGX, the Brazilian oil and gas company responsible for the largest private-sector exploratory campaign in Brazil, has announced that as a result of the evolution of OGX into a new phase, in which production becomes increasingly important, without prejudice to the exploratory campaign, the Company’s Board of Directors, chaired by Mr. Eike Batista, has nominated […]

  • 15 August 2013

    A troubled Brazilian oil and gas company OGX, owned by once a billionaire Eike Batista, has reported a massive quarterly net loss of R$4.7 billion (around USD 2 billion). The results were impacted by expenses of R$3.6 billion (around USD 1.54 billion) related to the impairment of the investments carried out in Tubarão Azul, Tubarão Tigre, Tubarão […]

  • 21 April 2011
    Business & Finance

      OGX Petróleo e Gás Participações S.A. (“OGX”) , the Brazilian oil and gas company responsible for the largest private sector exploratory campaign in Brazil, announced today that it has identified the presence of hydrocarbons in the Albian section of 3-OGX-40D-RJS well and in the Albian-Cenomanian section of the well 3-OGX-41D-RJS, both appraisal wells from […]

  • 7 June 2011
    Business & Finance

    OGX Petróleo e Gás Participações S.A., the Brazilian oil and gas company responsible for the largest private-sector exploratory campaign in Brazil, announces today details of the Company’s business plan for the Campos and Parnaíba discoveries. “Following OGX’s discoveries and successful appraisal campaign in the Campos and Parnaíba basins, we are pleased to announce our business […]

  • 13 April 2012
    Business & Finance

      OGX Petróleo e Gás Participações S.A., the Brazilian oil and gas company responsible for the largest private ­sector exploratory campaign in Brazil, yesterday announced that well OGX­74 , the first extension well of the Natal accumulation (1­OGX­11D­SPS), adjacent to the wildcat well, in block BM­S­59, demonstrated the continuity of the sandstone reservoirs of the […]

  • 12 November 2013

    OSX Brasil S.A. a Brazilian publicly held corporation which provides equipment and services to the  offshore oil and natural gas industry, with integrated operations in shipbuilding, leasing of  exploration and production (E&P) units and operation and maintenance services (O&M),  hereby informs its shareholders and the market that, the Company has filed today a judicial  recovery request, […]

  • 4 January 2013
    Business & Finance

    OGX Petróleo e Gás Participações S.A. , Brazil’s largest private oil and natural gas exploration company, announces that it has connected and started its third production well in the Tubarão Azul field, TBAZ-1HP, situated in the Campos Basin, on December 31, 2012, which was under cleaning and adjusting process and today initiated the effective oil […]

  • 12 November 2013

    OSX Brasil S.A. (OSX), has filed yesterday judicial recovery request, together with its subsidiaries OSX Construção Naval S.A. and OSX Serviços Operacionais Ltda. The filing has been made at the Courts of the City of Rio de Janeiro after resolution taken by its Board of Directors on a meeting held on November 08, 2013, in […]

  • 24 August 2011
    Business & Finance

    FPSO OSX-1, the first floating production, storage and offloading vessel in OSX’s fleet, has concluded its conversion in Singapore and set sail for Brazil. The journey is estimated to take 40 to 50 days. The FPSO OSX-1 is commissioned to produce the first oil for our client OGX, which is expected to start oil production […]

  • 11 January 2012
    Business & Finance

    The FPSO OSX-1, the first oil and gas floating production, storage, and offloading unit in OSX´s fleet, is heading today towards Waimea, in the Campos Basin where it will begin the process of producing the first oil for its anchor client OGX, a largest privately owned oil and gas company in Brazil. The unit was […]

  • 15 August 2011

    Keppel Shipyard Ltd is on track to complete the modification and upgrading works on FPSO OSX-1, the first floating production storage and offloading (FPSO) unit for OSX Brasil S.A. (OSX). Chartered to OGX Petroleo e Gas Participacoes S.A. (OGX), FPSO OSX-1 will be deployed in the Waimea field, in Campos Basin, offshore Brazil. This project […]

  • 21 September 2010

    OGX Petróleo e Gás Participações S.A. (“OGX”) (Bovespa: OGXP3, OTC:OGXPY), the Brazilian oil and gas company conducting the largest private sector exploratory campaign in Brazil, announced that it has identified the presence of hydrocarbon in the Maastrichtian section of well 1‐OGX‐20‐RJS, located in the BM‐C‐41 block, in the shallow waters of the Campos Basin. OGX […]

  • 23 March 2012
    Business & Finance

    OGX has acquired an additional 20% stake in blocks BM-C-37 and BM-C-38, in the shallow waters of the Campos Basin, from its partner Maersk Oil, becoming operator of these blocks. OGX now holds a 70% interest in these blocks, with Maersk Oil holding the remaining 30%. “This transaction reflects not only our interest in continuing […]

  • 23 September 2013

    Diamond Offshore Drilling Inc, a Houston based drilling contractor, is having difficulties with collecting cash from Brazilian oil company OGX. According to a drilling report issued by Diamond Offshore last week, the company has informed OGX that it is “delinquent in its payment obligations under the Ocean Quest contract and unless cured, we will have the […]

  • 6 October 2011
    Business & Finance

    FPSO OSX-1, the first floating production, storage and offloading unit in OSX’s fleet, arrived today in Rio de Janeiro, successfully completing its journey from Singapore to Brazil. The journey lasted 45 days, as anticipated by the Company. Chartered for OGX for a period of 20 years, the destination of FPSO OSX-1 will be the Waimea […]

  • 15 August 2011
    Business & Finance

    Keppel Shipyard Ltd is on track to complete the modification and upgrading works on FPSO OSX-1, the first floating production storage and offloading (FPSO) unit for OSX Brasil S.A. (OSX). Chartered to OGX Petroleo e Gas Participacoes S.A. (OGX), FPSO OSX-1 will be deployed in the Waimea field, in Campos Basin, offshore Brazil. This project […]

  • 10 February 2011
    Business & Finance

    -OGX Petróleo e Gás Participações S.A. (“OGX”) , the Brazilian oil and gas company responsible for the largest private sector exploratory campaign in Brazil, announced today the accomplishment of an important step necessary for initial production. The Company concluded the drilling of the horizontal well 9-OGX-26HP-RJS (Waimea Horizontal) and through a drill-stem test (DST), has […]

  • 24 August 2011
    Business & Finance

    FPSO OSX-1, the first floating production, storage and offloading vessel in OSX’s fleet, has concluded its conversion in Singapore and set sail for Brazil. The journey is estimated to take 40 to 50 days. The FPSO OSX-1 is commissioned to produce the first oil for our client OGX, which is expected to start oil production […]