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Moody's Investors Service ("Moody's") has changed to negative from stable the outlook for several companies operating in Argentina, while all ratings were affirmed. Pampa Energía S.A.'s CFR and senior unsecured notes' ratings were affirmed at B2. The outlook was changed to negative from stable.
Brazil's state-controlled oil company Petróleo Brasileiro SA said that areas it operates adjacent to the Entorno de Sapinhoá block in the Santos basin are commercially viable, according to a securities ...
Brazil's state-controlled oil company Petrobras will start pumping pre-salt oil from four new platforms between October and December, the company's director for production and technology development Hugo Repsold said on Wednesday. Speaking to reporters at an oil industry event, he said Petrobras could study building its own platforms after 2022 and predicted the company would head towards sustainable growth of oil production in the next few years. Repsold said Petrobras was well on the road to recovery and was starting up platforms that had been delayed in recent years and which will now ensure continued growth in output.