Search This Blog

Showing posts with label OGX Petroleo e Gas SA. Show all posts
Showing posts with label OGX Petroleo e Gas SA. Show all posts

Tuesday, July 2, 2013

OGX down 39 percent as Brazil oil company fights to survive

(Reuters) - Brazilian billionaire Eike Batista's flagship oil company OGX Petroleo e Gas SA (OGXP3.SA) slashed capital spending on Monday and pulled the plug on three offshore oil prospects, the latest move by his EBX Group to bolster finances and avert collapse.