Eike Batista

Batista controls EBX, an empire of interlinking commodity startups. The single most valuable company is publicly traded OGX, which started producing oil in January 2012. Among his closely held ventures are Colombian gold explorer AUX, Rio de Janeiro real-estate developer REX and technology and sports-management firms.

Eike Batista News

OGX Falls on Petronas Cash Delay and Abandoned Fields: Rio Mover

OGX Petroleo & Gas Participacoes SA, billionaire Eike Batista’s oil company, fell after it abandoned offshore exploration acreage and said it won’t receive the bulk of an $850 million oil-field sale until it starts producing.
AEG, Billionaire Batista to Manage Rio’s Maracana Stadium

Anschutz Entertainment Group Inc., the operator of the Staples Center in Los Angeles and London’s O2 arena, teamed up with billionaire Eike Batista and Brazil’s largest construction company to run Rio de Janeiro’s Maracana stadium for 35 years.
OGX Short Interest Soars to Record as Exchange Raises Limit

Bets against OGX Petroleo & Gas Participacoes SA, the oil producer controlled by billionaire Eike Batista, soared to a record after Brazil’s stock exchange increased the limit on the contracts.
Emerging Stocks Rise as Tech Shares Rally to 13-Year High

Emerging stocks reversed earlier gains as commodity producers paced losses in Brazil’s Ibovespa, overshadowing a surprise interest rate cut in South Korea. Turkey’s benchmark measure slumped from a record-high.
Brazilian M&A Picks Up as Asians Seek Cheaper Oilfields
Updated 17 minutes ago
Brazilian energy acquisitions, on a steady decline after a record $57 billion deals in 2010, are showing signs of a revival, led by Chinese and Malaysian state- owned buyers seeking lower valuations for offshore oil fields.
Petronas Buys $850 Million Stake in OGX Oil Field in Brazil

Petroliam Nasional Bhd. will 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.
Ibovespa Falls as Brazil Stock Valuation Reaches Four-Month High

The Ibovespa retreated from its strongest level since March amid speculation the gains that pushed valuations on the Brazilian stock benchmark to a four- month high may have been excessive.
Billionaire Batista’s Off-Book OGX Liabilities Revealed

OGX Petroleo & Gas Participacoes SA, which has the worst-performing bonds in emerging markets this year, holds off-balance-sheet obligations tied to its sister- company that could swell liabilities by as much as 39 percent in the event of insolvency, according to Covenant Review.
CNPC Said in Talks to Buy Brazil’s Barra for $2 Billion

China National Petroleum Corp., China’s largest oil producer, is in talks to acquire Barra Energia Petroleo e Gas, a Brazilian oil startup, for about $2 billion, people with knowledge of the matter said.
EON Shareholders Warn Against ‘Burning’ Money in Turkey, Brazil

EON SE, Germany’s largest utility, defended its expansion into Brazil and Turkey against criticism from shareholders at the annual general meeting today.