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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
09/16/201418:21:44ADR Shares End Higher; Petrobras Shares Trade Actively
09/15/201405:10:00Aker Solutions Gets $465 Million Contract Offshore Brazil
09/09/201416:40:20Brazil's Silva Would Win Presidential Election in October--Poll
09/05/201417:38:25Brazilian Stocks Snap Winning Streak Ahead of Opinion Poll on...
08/27/201417:47:35ADR Shares End Higher; Telefonica, Ryanair Shares Active
08/25/201417:19:14ADR Shares End Higher; Statoil Shares Active
08/13/201422:01:44Pemex Has Talked With Firms About Working on Projects
08/13/201417:35:08ADR Shares End Mixed; Petroleo Brasileiro Shares Trade Actively
08/06/201415:09:25Brazilian Presidential Candidates Propose Improvements for Agribusiness...
08/01/201417:41:36Brazilian Shares Close Little Changed, JBS Rises; Real Stronger...
07/29/201417:41:02Brazil Stocks Close Lower; Real Weakens Against Dollar
07/28/201418:10:48Brazilian Stocks Close Lower; Real Stronger Against Dollar
07/15/201405:37:29Skanska Gets Brazilian Offshore Platform Contract Renewals
06/19/201403:54:08Lundin Petroleum Starts Drilling Malaysian Well
06/17/201410:31:36Biden Says Confident Brazil-U.S. Relations Can be Restored
06/10/201416:40:33Vallourec Cuts 2014 Guidance as Large Clients Delay Orders
06/03/201410:15:50Brazilian Presidential-Election Challengers Back Ethanol Industry
05/15/201417:15:53Soros Sells Out of J.P. Morgan, Bank of America, Citigroup
05/05/201414:50:38Eike Batista Returns to Brazil's Ibovespa Index
05/05/201414:38:19Eike Batista's MMX Mineracao e Metalicos Joins Ibovespa Index

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