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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)
10/09/201515:48:16Petrobras likely lost more than $5B to corruption, Brazil prosecutor...
10/02/201502:53:00Siem Offshore, Petrobras Agree to Terminate Vessel Deals Early
09/30/201519:04:00ADR Shares End Higher; JinkoSolar, Petrobras Trade Actively
09/30/201510:36:00Basic Materials Sector Stocks Under Scan - Alcoa, Petroleo Brasileiro...
09/28/201518:20:00Brazilian Real Weakens Against Dollar, Shares Decline
09/28/201508:03:00Oil and Gas Drilling and Exploration Equities Technical Notes...
09/27/201516:06:00Correction to Gates Foundation Sues Petrobras Article
09/25/201516:30:00Gates Foundation Sues Petrobras, Auditor for Fraud
09/21/201517:46:00ADRs End Mostly Lower; Petrobras Declines
09/21/201509:24:00Technical Coverage on the Basic Materials Sector -- Freeport-McMoran...
09/21/201509:05:00Siem Offshore Gets Early Termination Notice For Siem Carrier...
09/15/201508:00:00Petrobras Names Interim Chairman
09/14/201511:10:00Petrobras Chairman Ferreira Taking Leave of Absence
09/11/201508:15:00Recent Operational Updates - Report on Petrobras
08/26/201518:04:00ADRs End Higher; Syngenta Declines
08/14/201510:50:07Petrobras Tax Settlement to Total 2 Billion Reais in Third Quarter
08/12/201517:40:18Petrobras May Sell Stake in Fuel-Distribution Business
08/11/201519:18:32Correction to U.S. Link in Petrobras Case
08/11/201509:25:00An Update on Oil & Gas Production in June 2015 - Report on Petroleo...
08/06/201520:10:21Oil Prices, Tax Settlement Hurts Petrobras Profits

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