March 14, 2014 / 9:27 PM / 4 years ago

STXNEWS LATAM-Óleo e Gás, OSX agree to stretch out deal on vessel

A unit of Óleo e Gás Participações SA, the bankrupt Brazilian oil producer, and two units of shipbuilder and oil services provider OSX Brasil SA agreed to extend the terms of a vessel leasing contract for a week, until March 21, according to a securities filing on Friday. The OSX units are OSX 1 Leasing BV, which owns the vessel, and OSX Serviços Operacionais Ltda, a services company that is also under bankruptcy protection in a Rio de Janeiro court.

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