The ratings agency has modified its outlook for Mexico's state oil firm from negative.
Brazil's oil and gas market has been adding new small and mid-sized producers, such as Dimensional Engenharia, which has decided to include in its portfolio the Vale do Quiricó field, in the Recôncavo basin. Company director Vinicius Benevides spoke about the plans for the mature field.
Beset by years of protectionist policies under former president Rafael Correa, Ecuador's hydrocarbon industry is cautiously optimistic following Lenín Moreno's election victory in May, according to a BNamericas Intelligence Series report.
The project in the Santos basin will cover a full-fold area of 2,180km2, making it the oil industry's largest ever node survey, according to CGG.
The company hopes to regain eligibility for public work contracts in countries which have restricted their operations because of corruption.