Óleo e Gás Suspends Payment for OSX-3 FPSO

RIO DE JANEIRO, March 16 (Reuters) - Oleo e Gas Participações SA, a Brazilian oil company under bankruptcy protection, on Monday said it suspended payments for an oil-production vessel to bankrupt ship-leasing company OSX Brasil SA for six months. Oleo e Gas, formerly known as OGX Petroleo e Gas Participações SA, said in a statement that it made the decision after being … [Read more...]

Batista Shipbuilder OSX Offers To Pay Debt In 25 Years

RIO DE JANEIRO, May 16 (Reuters) - Brazil's OSX Brasil SA , the bankrupt shipbuilder controlled by former billionaire Eike Batista, presented a plan to a Brazilian judge on Friday to pay $2.6 billion ($1.2 billion) in debt over 25 years. Under the plan, OSX will start repaying the bulk of its debts after three years, the company said in a statement. It also allows the … [Read more...]

OSX Brasil Board Elects Euchério Rodrigues Chief Executive

RIO DE JANEIRO, Nov 26 (Reuters) - OSX Brazil SA, the shipbuilding company controlled by Brazilian tycoon Eike Batista, said on Tuesday that its board of directors elected Euchério Lerner Rodrigues chief executive officer, a move that comes a day after a judge approved the company's bankruptcy-protection plan. OSX, which operates a shipyard under construction at the Port of … [Read more...]

OSX Brasil Files for Bankruptcy

By Sabrina Lorenzi RIO DE JANEIRO, Nov 11 (Reuters) - Brazilian shipbuilder OSX Brasil SA filed for bankruptcy protection on Monday, becoming the second company controlled by former billionaire Eike Batista to seek court protection from creditors in just over a week. The move, confirmed by the company shortly after a source told Reuters the filing was underway, follows a … [Read more...]