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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
02/20/201518:01:21ADR Shares End Higher; National Bank of Greece Trades Actively
02/20/201513:30:07Brazilian Prosecutors Seek Compensation in Petrobras Probe
02/19/201512:16:20Big Investors Exiting Petrobras as Corruption Scandal Drags On
02/16/201512:16:29LONDON MARKETS: Rolls-Royce, Intertek Shares Weigh On FTSE 100
02/16/201503:59:57Siem Offshore Signs Charter Deal With Petrobras

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