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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
04/20/201520:34:16ADR Shares End Mixed; Teva, Carnival Decline
04/16/201510:50:16Brazil's Grupo OAS Seeks Protection of U.S. Court
04/16/201510:27:30Brazil's Grupo OAS Seeks Protection of U.S. Court
04/15/201514:37:12Brazil Police Arrest Workers' Party Treasurer Joao Vaccari Neto
04/15/201511:35:29Brazil Police Arrest Workers' Party Treasurer
04/15/201510:52:07ADR Shares End Higher; Alcatel-Lucent Rises
04/14/201505:44:16Be Careful Of The Sand Fracking Business - Cramer's Lightning...
04/14/201503:51:25The Recent Run Of The Brazilian Stock Market May Be Premature
04/14/201502:12:34Petrobras looks to avoid technical default
04/14/201502:00:20Petrobras to Release Audited Earnings April 22
04/13/201518:09:28ADR Shares End Lower; Alcatel-Lucent, Nokia Shares Rise
04/13/201503:01:14Subsea 7 Gets $200 Million Petrobras Contract
04/10/201514:26:37Royal Dutch Shell plc's $70 Billion bet on LNG: Bull vs. Bear
04/10/201511:20:09Former Brazil Lawmakers Arrested in Petrobras Probe
04/09/201517:49:31ADR Shares End Higher; Petrobras Shares Rise
04/08/201512:53:49Petrobras, Brazil pre-salt seen benefiting from Shell-BG deal
04/08/201512:20:14Brazil Probes Alleged Corruption Among Tax Officials
04/07/201517:30:06Brazil Probes Alleged Mass Tax Fraud
04/06/201519:28:40ADR Shares End Higher; BHP Billiton Rises
04/06/201510:54:40Petrobras scandals sparks more investor lawsuits

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