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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
04/15/201417:02:39ADR Shares End Lower; Infosys, Diageo Shares Active
04/08/201417:41:31ADR Shares End Mostly Higher; Veolia Shares Active
04/01/201414:42:11Repsol Begins Operations at Peru Gas Field
03/31/201417:16:48ADR Shares End Higher; ING, Novartis Shares Active
03/18/201413:21:03Correction to Brazil's Petrobras Bribery Story on Monday
03/17/201413:28:05Brazil's Petrobras Bribery Investigation Continues
03/11/201413:41:59Brazil's Petrobras Reveals BRL8.77 Billion in Tax Disputes
03/10/201417:42:18ADR Shares End Lower; Petrobras Shares Active
03/10/201416:39:49BOND REPORT: Treasury Prices Inch Up Ahead Of Debt Supply
03/10/201413:49:32BOND REPORT: Treasury Prices Swing Higher Ahead Of Debt Supply
03/10/201411:20:08Brazil's Petrobras Seeks to Sell At Least $3 Billion Debt...
02/26/201417:03:36ADR Shares End Mixed; Anheuser-Busch InBev Shares Active
02/03/201415:30:09Petrobras Shares Plummet to Eight-Year Low
02/03/201415:20:01Petrobras Shares Plummet 5.8% to Close at Eight-Year Low
01/29/201415:51:23Brazil Stocks Close Down On Fed Tapering Move
01/24/201411:20:12Brazil's Petrobras, Partners to Invest Up To $500 Million at...
01/17/201417:02:48ADR Shares End Lower; Shell, Shire Shares Active
01/17/201409:10:18Petrobras Offers Workers Buyouts
01/15/201417:41:31ADR Shares End Higher; Teva, Petrobras Shares Active
01/09/201418:07:43ADR Shares Close Lower; ARM Holdings, Alcatel-Lucent, Vale Shares...

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