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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
10/27/201416:37:41MARKET SNAPSHOT: Energy Stocks Sap S&P 500
10/27/201414:06:16MARKET SNAPSHOT: U.S. Stocks Retreat; Energy Stocks Sell Off
10/27/201411:51:27MARKET SNAPSHOT: U.S. Stock Retreat; Energy Stocks Sell Off
10/27/201411:47:43MARKET SNAPSHOT: U.S. Stock: Futures Fall; Focus On Fed
10/27/201411:40:15MARKET SNAPSHOT: Stock Futures Flatten After Weak German Data;...
10/26/201413:41:17Neves Shows 'Cautious' Confidence at Ballot Box
10/25/201418:24:39Final Polls Before Brazil Presidential Election Give Edge to...
10/24/201416:30:43Rivals in Brazil Vote Both Pledge to Kickstart Oil Sector
10/21/201418:31:31ADR Shares End Mixed; ARM Holdings Shares Trade Actively
10/16/201418:04:26ADR Shares End Mixed; Petrobras Shares Decline
10/07/201418:06:09ADR Shares End Mixed; Rio Tinto Shares Trade Actively
10/05/201420:02:54Brazil's Presidential Race Headed for Runoff -- 3rd Update
10/05/201419:27:11Brazil's Presidential Vote Looks Headed for Runoff -- 2nd Update
10/02/201408:27:16Dof Gets Contract For Skandi Hav Vessel From Petrobras
09/30/201418:03:23ADR Shares End Lower; America Movil, HSBC Shares Trade Actively
09/29/201417:44:48ADR Shares End Lower; Petrobras, Itau Unibanco Trade Actively
09/29/201403:47:20Dof's Skandi Santos Vessel Gets Five-Year Contract Extension
09/26/201420:04:31ADR Shares End Higher; Petrobras Shares Trade Actively
09/23/201418:17:35ADR Shares End Lower; AstraZeneca, Shire Shares Trade Actively
09/15/201405:10:00Aker Solutions Gets $465 Million Contract Offshore Brazil

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