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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
05/05/201617:54:00McDermott 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
03/24/201611:00:00Oil Prices Extend Fall as Stockpile Worries Resurface
03/21/201609:10:00Portugal Arrests Suspect in Petrobras Probe
03/21/201609:03:00Portugal Arrests Suspect in Petrobras Probe
03/17/201613:30:00Switzerland to Return $70 Million From Banks as Part of Petrobras...
03/17/201613:16:00Switzerland to Return $70 Million From Banks as Part of Petrobras...
03/16/201617:20:00In Gambit, Brazil's Embattled President Names da Silva to Cabinet
03/05/201617:55:00One Worker Injured in Fire at Petrobras Unit's Refinery Near...
03/02/201617:18:00Brazilian Shares Rise as Vale Gains, Real Strengthens Against...
02/29/201618:41:00ADRs End Mixed; Vale, Petrobras Rise
02/26/201619:06:00Brazil's Petrobras Signs Pact for $10 Billion in Loans From China

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