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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: Write to Sarah Kent at

Stock News for Petroleo Brasileiro (PBR)
10/24/201616:05:00Petrobras, Total SA Create Alliance to Explore Energy Projects
10/24/201603:03:00Business Watch -- WSJ
10/23/201622:10:00Petrobras Settles With Pimco
10/23/201614:54:00Petrobras Settles 'Car Wash' Suits With Pimco, Others
10/21/201609:10:00Petrobras Looks to Sell Stake in Ethanol Producer
10/21/201608:48:00Brazil's Petrobras in Talks to Sell Stake in Sugar, Ethanol Producer
10/14/201609:10:00Brazil's Petrobras Announces New Retail Fuel Pricing Plan
10/13/201608:21:00Petrobras Reports Start-Up of Gasoline-Making Unit at Texas Refinery
09/02/201607:36:00Brazil Prosecutors Suspends Leniency Deal With SBM Offshore
08/30/201607:19:00Petrobras Signs Partnership Deal With Statoil
08/29/201609:40:00Brazil's Rousseff Begins Testimony at Senate Impeachment Trial
08/25/201618:00:00S&P Cuts Rio de Janeiro State's Credit Rating
08/11/201619:40:00Brazil's Petrobras Posts Sharp Decline in Earnings
08/10/201607:40:00Brazil's BTG Pactual Profits Fall
08/02/201603:02:00Commodities Report: Aramco IPO Taps Gusher of Caution -- WSJ
07/30/201603:02:00Petrobras Sells Oil-Field Stake -- WSJ
07/29/201610:39:00Brazil's Petrobras Accelerates Asset Sales to Cut Debt -- Update
07/29/201607:39:00Brazil's Petrobras Accelerates Asset Sales to Cut Debt
07/29/201605:28:00Statoil Agrees on $2.5 Billion Deal for Brazil Oil License...
07/29/201603:30:00Statoil Agrees on $2.5 Billion Deal for Brazil Oil License

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