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Tag: OGX Petroleo e Gas Participações

By Maria Lopez Conde, Senior Contributing Reporter SÃO PAULO, BRAZIL - OGX, the oil exploration and production firm owned by former Brazilian billionaire Eike Batista, filed for bankruptcy protection before a Rio de Janeiro state court on October 30th. The...
By Stephanie Foden, Contributing Reporter SÃO PAULO, BRAZIL – The Securities Commission of Brazil, CVM, announced it is investigating Brazilian tycoon Eike Batista and top executives at OGX, Batista’s flagship oil company. Investors accuse the magnate, once Brazil’s richest man,...
By Jack Whibley, Contributing Reporter RIO DE JANEIRO, BRAZIL - Once valued at over US$60 billion, and last year still worth US$35 billion, Eike Batista’s EBX Group is now being forced to seek buyers and partners to restructure and dismantle...
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