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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
02/05/201615:50:00Petrobras Is No Longer a Buy for Mobius
02/05/201615:40:00Petrobras Is No Longer a Buy for Emerging-Markets Investor Mobius
02/02/201617:49:40Pomerantz Achieves Significant Milestone in Petrobras Securities...
01/28/201618:24:00ADRs End Mixed; Royal Dutch Shell, Total Rise
01/28/201610:00:00Correction to Norway Oil Fund Puts Petrobras on Observation List...
01/28/201609:31:00Norway Oil Fund Puts Petrobras on Observation List
01/19/201607:10:00BTG Pactual's Net Profit Jumps 45% in Fourth Quarter
01/15/201617:36:00ADRs End Lower; China Southern Airlines, Royal Dutch Shell Trade...
01/14/201617:20:00Glitch Delays Cheniere's Natural-Gas Exports
01/14/201608:20:00Brazil's BTG Pactual Authorizes Talks to Sell BSI
01/12/201620:23:00Amid Weak Oil Prices, Pemex Touts Its Rock-Bottom Production...
01/12/201618:06:00ADRs End Higher; Shire Rallies
01/12/201614:17:00Brazil's Vale Will Draw $3 Billion From Credit Lines -- Update
01/12/201612:20:00BTG Pactual May Sell Stakes in Financial Services Companies
12/31/201510:40:00Itaú Scoops Up Pactual Stakes
12/28/201518:46:00ADRs End Mostly Lower; Oil Majors Decline
12/22/201519:20:00Oil Bettors Seek Safety in Proxies
12/15/201505:08:00Brazil's BTG Pactual Sells Portion of Holding in BR Properties
12/07/201518:02:00ADRs End Lower; Oil Majors Decline
12/05/201509:45:16National Oilwell Varco's Management Knows How, Not When, the...

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