Thursday May 9
Petronas to Buy Stakes Offshore Brazil from OGX
Malaysia's Petroliam Nasional Bhd. is the latest Asian state-owned oil company to snap up significant stakes in overseas oil-and-gas assets with its planned purchase of 40% stakes in two offshore blocks in Brazil's Tubarao Martelo oil field from independent oil producer OGX Petroleo e Gas Participacoes SA.
Brazil's Ibovespa advances
The Ibovespa rose to a seven-week high as Brazilian raw-material producers rallied after a report showing that China imported more goods than estimated last month boosted the outlook for the country's top trading partner.
UPDATE 2-Petronas bolsters Brazil's Batista with $850 mln oilfield buy
Malaysian state oil firm Petronas has agreed to pay $850 million for a stake in a Brazilian offshore oil field, bolstering its billionaire owner Eike Batista who is unloading assets to keep his energy businesses afloat.
Petronas Agrees to Buy $850 Million Stake in OGX Oil Field
Petroliam Nasional Bhd. agreed to pay $850 million for a share in a field owned by OGX Petroleo e Gas Participacoes SA , the Brazilian oil producer whose output dropped 86 percent in three months.
Brazil's OGX to sell 40 pct stake to Lukoil in rescue plan -report
OGX Petroleo e Gas SA , the flagship of Brazilian billionaire Eike Batista's troubled EBX group, is negotiating the sale of a 40 percent stake to Russia's Lukoil in a rescue plan that also involves Malaysia's Petronas, a newspaper reported on Sunday.