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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 [email protected]

Stock News for Petroleo Brasileiro (PBR)
DateTimeHeadline
02/18/201703:02:00Ten Nations Join Brazil Graft Probe -- WSJ
02/17/201710:04:00Brazil, 10 Other Countries Coordinate Odebrecht Probes
02/09/201706:05:00Petrobras Announces Final Tender Results and Final Settlement...
01/26/201706:14:00Petrobras Announces Early Tender Results And Early Settlement...
01/24/201706:53:00Petrobras Announces Increase of Tender Cap and Extension of Early...
01/13/201709:36:00Petrobras Texas Refinery Reports FCCU Shutdown For Tune-Up
01/11/201705:20:00Braskem to Sell QuantiQ for BRL500 Million to GTM Holdings
01/09/201720:39:00Petrobras Announces The Pricing Of Global Notes And Increase...
01/09/201707:55:00Petrobras Announces Offering Of Global Notes And Commencement...
12/24/201603:02:00Petrobras Wants Part of Settlement -- WSJ
12/23/201610:56:00Brazil's Petrobras Plans to Claim Part of Odebrecht's Anticorruption...
12/22/201603:02:00Brazil Giant Settles Bribery Case -- WSJ
12/21/201619:25:00Brazil's Petrobras Expects $1.6 Billion From Total Deal in Next...
12/21/201617:59:00Brazil's Odebrecht to Pay Up to $4.5 Billion to Settle Bribery...
12/21/201617:34:00Brazil's Petrobras Says Partnership With France's Total Worth...
12/21/201614:42:00Brazil's Odebrecht, Affiliate, to Pay at Least $3.5 Billion to...
12/21/201608:31:00Odebrecht to Pay $2.6 Billion to Settle Bribery Claims
12/17/201611:23:00Brazilian Ex-President da Silva and Son Indicted Over Alleged...
12/13/201608:40:00Brazil's Big Companies Hinder Its Brazil's Big Companies Hinder...
12/13/201607:44:00Petrobras Reports Compressor Problems at Texas Refinery

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