- Brazil's upcoming auction for its gigantic Libra offshore field just got a little leaner, as Colombia’s Ecopetrol (EC +0.6%) and India’s ONGC pull out three days before the Oct. 21 bidding day.
- While the companies will not compete for an individual share of ownership of Libra, they could still participate in a group consortium bid.
- The auction has been controversial in Brazil, and thousands of Petrobras (NYSE:PBR) union workers went on strike on yesterday in protest of the participation of international companies.