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Rio de Janeiro (Platts)--21Oct2014 Financially troubled Brazilian oil producer Oleo e Gas Participacoes, or OGPar, expects output from its flagship Tubarao Martelo field to peak at about 30,000 b/d in 2016, the company said Tuesday. OGPar, formerly known as OGX, will invest $200 million-$500 million at the field over the next few years to drill two additional product..

By Juan Pablo Spinetto Oct 16, 2014 Eike Batista’s main mining unit became the third of his companies to file for bankruptcy protection in a year after the Brazilian entrepreneur lost his fortune, once the world’s eighth largest. MMX Mineracao & Metalicos SA (MMXM3), the iron-ore producer that Batista, 57, listed in Brazil in 2006, said in a statement yesterday i..

Thu Oct 16, 2014 Unit of Brazilian miner MMX requests bankruptcy protection Oct 16 (Reuters) - An iron-ore mining company controlled by Brazilian tycoon Eike Batista filed for bankruptcy &#111&#110 Wednesday, the third time in a year that a unit of the former billionaire's EBX industrial group has sought protection from creditors. MMX Sudeste Mineracao SA, th..

Reuters  October 9, 2014 RIO DE JANEIRO (Reuters) - A year after the epic collapse of his industrial empire, Brazilian tycoon Eike Batista's financial and legal troubles appear far from over. Once worth more than $30 billion and listed as the world's eighth-richest man by Forbes Magazine, Batista says his debts now exceed his assets by $1 billion and the value of h..

Aug 19, 2014 - 16:38 GMT RIO DE JANEIRO – Shares in Brazilian tycoon Eike Batista's iron-ore miner MMX Mineracao e Metalicos SA fell nearly 6% to an all-time low on Tuesday on a report that the company is going to ask a Brazilian court for protection from creditors. Brazilian magazine Veja reported late on Monday that the company is planning to file for bankruptcy ..

Mubadala’s credit ratings are among the highest in the corporate world, as assessed by leading ratings agencies. Silvia Razgova / The National Frank Kane Sep 18, 2014 Mubadala Development, the strategic investment vehicle owned by the Abu Dhabi Government, said revenue and operating income rose in the first half of the year, mainly because of higher sales and incom..

Tuesday, August 19, 2014 6:04 p.m. CDT By Juliana Schincariol RIO DE JANEIRO (Reuters) - The results of more than a dozen investigations into market manipulation by Brazilian entrepreneur Eike Batista and current or former executives of his EBX Group, will likely be made public next year, a top regulator said. "Perhaps the verdicts won't come this year. They mig..

9/18/2014 Former billionaire Eike Batista, the flamboyant Brazilian entrepreneur whose wealth peaked at $30 billion in 2012, now says he has a negative net worth of $1 billion. Batista, whose troubled empire of energy-related businesses began to collapse about two years ago when his flagship oil company OGX (now OGPar) failed to meet production and financial targets,..

Sunday, 14 Sep 2014 | 10:02 AM ET Reuters Brazil federal prosecutors have filed criminal charges against Eike Batista, accusing the fallen tycoon of market manipulation and seeking to freeze up to $1.5 billion reais ($641 million) worth of his financial assets and properties. The Rio de Janeiro prosecutor's office said &#111&#110 Saturday it is charging Batis..

and overstating the market value of OGX oil wells which produced less than expected Reuters September 14, 2014 Image Credit: Reuters Brasilia: Brazil federal prosecutors have filed criminal charges against Eike Batista, accusing the fallen tycoon of market manipulation and seeking to freeze up to 1.5 billion reais ($641 million; Dh2.37 billion) worth of his financial..