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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
07/02/201508:50:04Brazil Federal Police Arrest Another Former Petrobras Executive
07/01/201519:30:38Former Petrobras Executive Seeking Plea Deal With Prosecutors
06/29/201519:45:34Petrobras Rules Out Issuing New Shares
06/29/201517:51:48ADRs End Lower; National Bank of Greece Drops Sharply
06/29/201511:00:08Brazil's President Seeks Investment During U.S. Visit
06/29/201510:49:47Brazil's President Seeks Investment During U.S. Visit
06/29/201509:50:07Brazil's Petrobras Slashes 5-Year Investment Budget
06/29/201504:21:16Sevan Marine Investigates as Ex-Employee Named in Corruption...
06/25/201515:59:05Pemex in Talks With Union Over Pension, Labor Reforms
06/21/201521:00:42Brazil 'Carwash' Shrugs Off Scandal
06/21/201520:40:46Brazil President's Approval Rating Hits Record Low
06/21/201520:40:46Moody's Warns on Two Brazilian Companies
06/19/201516:08:51Brazil Police: Odebrecht, Andrade Gutierrez Chief Executives...
06/19/201512:15:56Brazil Police: Odebrecht, Andrade Gutierrez Chief Executives...
06/19/201510:10:03Brazil Police: Odebrecht, Andrade Gutierrez Chief Executives...
06/16/201517:18:35Brazilian Shares Follow World Markets Higher; Real Strengthens...
06/09/201507:50:18Brazil's Embraer Raises $1 Billion Through Overseas Bond Issue
06/02/201518:02:13ADRs End Mostly Higher; Ctrip Declines
06/02/201507:50:07Petrobras Confirms $2.5 Billion Bond Sale
05/27/201508:50:06Brazil's Petrobras Unveils Details Of Debentures Issue

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