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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
12/05/201618:20:00Brazil's Petrobras to Raise Gas and Diesel Prices
12/02/201614:52:00Oil Giants Set to Bid on Mexico's Deep-Water Oil Fields
11/24/201621:00:00Saudi Arabia Backs OPEC Push to Make Steep Oil Output Cuts
11/23/201620:20:00Brazil's Petrobras Settles More Individual Shareholder Lawsuits
11/23/201618:48:00Brazil's Petrobras Settles More Individual Shareholder Suits...
11/23/201618:25:00Brazil's Petrobras Settles More Individual Shareholder Lawsuits
11/23/201605:43:00Soros Fund Acquires Shares of Brazil's Petrobras
11/21/201615:40:00Brazil Says 2017 GDP to Be Lower Than Expected
11/21/201615:36:00Brazil Finance Ministry Says 2017 GDP to Be Lower Than Expected...
11/21/201615:25:00Brazil Finance Ministry Says 2017 GDP to Be Lower Than Expected
11/10/201614:30:00Shell Plans to Continue to Invest Heavily in Brazil
11/08/201619:50:00Petrobras to Cut Gasoline and Diesel Prices
10/24/201616:05:00Petrobras, Total SA Create Alliance to Explore Energy Projects
10/24/201603:03:00Business Watch -- WSJ
10/23/201622:10:00Petrobras Settles With Pimco
10/23/201614:54:00Petrobras Settles 'Car Wash' Suits With Pimco, Others
10/21/201609:10:00Petrobras Looks to Sell Stake in Ethanol Producer
10/21/201608:48:00Brazil's Petrobras in Talks to Sell Stake in Sugar, Ethanol Producer
10/14/201609:10:00Brazil's Petrobras Announces New Retail Fuel Pricing Plan
10/13/201608:21:00Petrobras Reports Start-Up of Gasoline-Making Unit at Texas Refinery

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