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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
05/27/201508:50:06Brazil's Petrobras Unveils Details Of Debentures Issue
05/26/201516:00:06Former Petrobras Executive Sentenced to Five Years
05/19/201519:50:10China Premier Unveils Financing, Trade Pacts in Brazil
05/19/201519:20:25China Premier Li Unveils Billions of Dollars in Financing, Trade...
05/19/201518:14:17ADRs End Lower; Vodafone Edges Down
05/19/201510:51:05OAS Bondholder Fight Spills Into New York Bankruptcy Court
05/18/201512:00:08Brazil's Petrobras Approves Sale of $1 Billion in Debentures
05/18/201511:30:10Brazil's Itaú Unibanco Plans 3-Year Overseas Bond Issue
05/18/201511:24:43Brazil's Itau Unibanco Plans 3-Year Overseas Bond Issue -- Update
05/15/201522:41:08
05/14/201521:50:32Brazilian President Stands by Oil Rules
05/14/201519:00:35Former Lawmakers Charged in Petrobras
05/14/201515:00:09ICBC to Fund Brazilian Infrastructure Investments
05/14/201514:41:09China's ICBC to Fund Brazilian Infrastructure Investments
05/13/201507:10:02How Foreign Exchange Risk Affects Oil Stocks
05/10/201510:00:02Big Oil Dividend Stocks: 1 Value Trap to Avoid Like the Plague...
05/05/201520:12:52Petroleo Brasileiro Petrobras SA Downgraded by Vetr Inc. (PBR)
05/05/201511:43:25TheStreet Reiterates Sell Rating for Petroleo Brasileiro Petrobras...
04/30/201516:30:36Brazil's Petrobras Confirms New Board Members -- Update
04/30/201508:30:19Brazil's Petrobras Confirms New Board Members

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