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Stock impact report

UPDATE 1-Brazil's Ouro Preto cuts bid for Petrobras oilfield clusters -sources [Reuters]

Petroleo Brasileiro S.A.- Petrobras American Depositary Shares (PBR.A) 
US:NYSE Investor Relations: investidorpetrobras.com.br/en
Company Research Source: Reuters
Brazil's Ouro Preto cuts bid for Petrobras oilfield clusters: sources | Reuters 3 Min Read By Carolina Mandl and Alexandra Alper SAO PAULO/WASHINGTON (Reuters) - Ouro Preto has cut its bid for two shallow water mature oilfield clusters from Brazil’s state-run oil company Petroleo Brasileiro, flagging a drop in oil prices in recent months, three sources with knowledge of the matter said. Ouro Preto, a Brazilian energy company backed by private equity giant EIG Global Energy Partners, entered exclusive talks with Petrobras in July after presenting the highest offer for the Pampo and Enchova clusters, located in the Campos basin off the coast of Rio de Janeiro state. At the time, the fields were seen fetching around $1 billion. But the consortium cut its bid for the area, citing a fall in oil prices of around 20 percent since the end of July, on growing U.S. supply and risks of slowing global demand amid economic woes tied to the U.S.-China trade spat. Lower oil prices could hamper effor Show less Read more
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