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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
08/11/201619:40:00Brazil's Petrobras Posts Sharp Decline in Earnings
08/10/201607:40:00Brazil's BTG Pactual Profits Fall
08/02/201603:02:00Commodities Report: Aramco IPO Taps Gusher of Caution -- WSJ
07/30/201603:02:00Petrobras Sells Oil-Field Stake -- WSJ
07/29/201610:39:00Brazil's Petrobras Accelerates Asset Sales to Cut Debt -- Update
07/29/201607:39:00Brazil's Petrobras Accelerates Asset Sales to Cut Debt
07/29/201605:28:00Statoil Agrees on $2.5 Billion Deal for Brazil Oil License...
07/29/201603:30:00Statoil Agrees on $2.5 Billion Deal for Brazil Oil License
07/28/201606:29:00Aramco Buyer Beware: The Risky Track Record of Government Oil
07/21/201607:46:00Petrobras Announces Early Tender Results and Early Settlement...
07/18/201608:24:00Brazil Reaches Leniency Deal With SBM Offshore
07/13/201618:33:00ADRs End Mostly Lower; Nokia Rises
07/11/201609:39:00Petrobras Announces Tender Results And Settlement Of Tender Offer...
07/08/201607:55:00Oil & Gas Drilling & Exploration Stocks Coverage -- Petroleo...
07/07/201622:34:00Petrobras Announces The Pricing Of Reopening Of Outstanding Series...
07/07/201608:43:00Petrobras Announces Reopening of Outstanding Series of Global...
07/05/201618:34:00ADRs End Down; Oil and Gold Companies Trade Actively
06/24/201607:59:00Petrobras Announces Extension Of The Expiration Date, Increase...
06/17/201603:03:00Brazil's President Denies Corruption As Minister Quits -- WSJ
06/16/201620:19:00Brazil President Michel Temer Says Graft Claims Are 'Lies'

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