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UK Offers $1 Billion Credit Line to Petrobras for Deep-sea Drilling - Report

The U.K. government has offered a $1 billion to credit line to help Brazil's state-owned oil company, Petroleo Brasileiro SA (PBR), or Petrobras, drill for oil and natural gas in the South Atlantic, The Guardian newspaper reports Thursday. The funding was revealed in the annual report of Vince Cable's export credit guarantee department, despite a warning from the department's own advisors that the deep-sea projects carries significant environmental risks, the paper writes. Full story: http://www.guardian.co.uk/business/2012/jul/11/petrogras-deap-sea-oil-drilling-funding Write to Sarah Kent at sarah.kent@dowjones.com

Stock News for Petroleo Brasileiro (PBR)
DateTimeHeadline
05/20/201603:03:00Brazil's Troubled Oil Giant Gets New Leader -- WSJ
05/19/201620:35:00Pedro Parente to Replace Aldemir Bendine as CEO of Petrobras
05/19/201613:30:00Brazil's Temer Plans to Ask Pedro Parente to Head Petrobras
05/19/201603:02:00Finance Watch -- WSJ
05/18/201618:28:00ADRs End Mostly Higher; Nice Systems Rises
05/17/201621:04:00Petrobras Announces The Pricing Of Global Notes And Increase...
05/17/201618:43:00ADRs End Lower; NQ Mobile Rises
05/17/201608:04:00Petrobras Announces Offering of Global Notes and Commencement...
05/13/201618:30:00BlackRock Sees New Brazil Government Boosting Economy
05/11/201607:30:00BTG Pactual Profits Pop
05/05/201617:54:00McDermott Raises 2016 Profit View, Loss Narrows
04/22/201608:40:00BTG Pactual Sells 2 Insurance Stakes to French Insurer
04/18/201609:10:00Statoil: Positive Production Test of Gavea Appraisal Well in...
04/15/201616:00:00Politician Who Wants to Impeach Brazil's President Has His Own...
04/15/201615:50:00Brazil Assets Are Attractive as Companies Try to Cut Debt
04/15/201603:54:00Aker Solutions Gets $125 Million Subsea Services Pact From Petrobras
04/13/201614:00:00Brazil's Economy Tanks as Political Upheaval Looms
04/07/201611:30:00Brazil Bank Says Its Probe of Ex-CEO Finds No Basis to Corruption...
04/07/201607:00:00Swiss Banks at Risk of Harboring Corruption Proceeds, Says Regulator
04/04/201617:56:00ADRs End Mosly Lower; Brazilian Companies Trade Actively

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