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Gabon
New regime prepares to pre-empt Carlyle's oil assets

Until recently, Maurel & Prom was the best-placed bidder for US investment group Carlyle's Gabonese oil interests, but the new regime in Libreville is working on an alternative all-Gabonese takeover plan. [...]

Published on 06/11/2023 at 05:40 GMT Reading time 2 minutes

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Energy

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Gabon
Ali Bongo
Arnauld Engandji
Brice Clotaire Oligui Nguema
Ernest Ndong Nguema
Gabon Oil Co
Igor John Calix Nguia
Marcel Abeke
Marcellin Simba Ngabi
Maurel & Prom
Perenco
Pertamina
Schlumberger
Shell
TotalEnergies
Trafigura
Vaalco

Spotlight | Gabon
National oil firm under pressure to raise funds for Carlyle assets

The next few weeks will be decisive in determining whether Gabon's junta is able to raise the necessary $1.3bn to clinch the transaction with the American company.

Subscribers only Energy 01.04.2024

Gabon's Transition President Brice Clotaire Oligui Nguema, 29 February 2024.

Gabon
Vitol wants debt paid before helping GOC buy Carlyle's assets

Geneva-based trader Vitol is making a loan to enable the Gabon Oil Co to acquire Carlyle's Gabonese assets conditional on the repayment of a debt owed to Sogara.

Subscribers only Energy 12.02.2024

Gabon
Savannah Energy joins the race for a share of Carlyle's oil assets

The company owned by British national Andrew Knott, along with half a dozen other oil companies, is positioning itself to profit from the sale of assets producing some 45,000 barrels per day.

Subscribers only Energy 30.01.2024

Gabon
GOC scrambles for funds to pre-empt Carlyle assets

Gabonese officials are working on a financial package that would enable them to pre-empt Carlyle's assets and to counter an offer from Maurel & Prom.

Free access Energy 26.01.2024

Gabon
Oligui pressures minister to retake control of Carlyle's oil assets

The Gabonese president has instructed oil minister Marcel Abeke to do all he can to bring in fresh funds and take back control of certain fields. Carlyle's oil assets look to be a key target.

Subscribers only Energy 20.12.2023

Transition President Brice Oligui Nguema in Burundi, 20 October 2023.

Spotlight | Gabon
Traders compete to finance GOC's bid to takeover Carlyle's oil assets

A number of traders are courting state-owned Gabon Oil Co. They want to market the crude oil at stake in US giant Carlyle's sale of its Gabonese assets.

Subscribers only Energy 11.12.2023

An offshore oil rig, off the coast of Port-Gentil in Gabon.

Spotlight | Gabon
Maurel & Prom rivals hope for post-coup reallocation of Carlyle assets

The new regime in Libreville will need to give its verdict on the planned sale of Carlyle's oil assets in Gabon to Maurel & Prom. Ali Bongo's government did not formally approve the deal and some disappointed parties believe they have an opportunity to get back into the running.

Subscribers only Energy 19.10.2023

Gabon
General Oligui Nguema puts his people in key positions

The transitional president carried out sweeping new administrative appointments in late September, surrounding himself with military personnel, figures from Haut-Ogooué and Woleu-Ntem provinces and a handful of Bongo family members.

Subscribers only Politics 06.10.2023

The head of the junta, General Brice Oligui Nguema, in Libreville, Gabon, on 4 September 2023.

Gabon
Perenco, Maurel & Prom and Assala remain sanguine after coup

Since the coup on 30 August, oil operators in the country have continued regardless. They are working to build relations with the new power, whose choices of oil and gas officials have been reassuringly well-known figures.

Subscribers only Energy 19.09.2023

Gabon
Post-coup, oil companies are being called to account

Despite officially denying that it is carrying out an audit, Gabon's Ministry of Hydrocarbons has asked the oil companies operating there to provide a list of all payments made to the state from 2020 to 2023.

Subscribers only Energy 11.09.2023

Gabon
Perenco hurries to sell Atora before Carlyle seals sale of its share

Franco-British oil junior Perenco wants to quickly sell its share in Atora field in Gabon for $50m, indicating it does not wish to work with the future owner of Assala Energy's majority share, which Carlyle is in the process of selling.

Subscribers only Energy 20.03.2023

Gabon
Pertamina moves to take over Carlyle's Assala Energy

The withdrawal of Assala Energy's sole shareholder, the investment fund Carlyle, is being closely followed by President Ali Bongo a few months before the presidential election. The presidential palace is currently in discussions with the Indonesian oil group Pertamina.

Subscribers only Energy 25.01.2023

Gabon
Assala denies Carlyle is selling out

Gabon's second largest oil producer Assala Energy is still denying that its sole shareholder, Carlyle, is preparing to sell all of its shares in the junior. Africa Intelligence can however reveal that the private equity fund has already tasked a Citibank team with seeing through the operation.

Subscribers only Energy 09.12.2022

Set up email notifications for these topics

Gabon
Ali Bongo
Arnauld Engandji
Brice Clotaire Oligui Nguema
Ernest Ndong Nguema
Gabon Oil Co
Igor John Calix Nguia
Marcel Abeke
Marcellin Simba Ngabi
Maurel & Prom
Perenco
Pertamina
Schlumberger
Shell
TotalEnergies
Trafigura
Vaalco

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Botswana, South Africa
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Gabon
New regime prepares to pre-empt Carlyle's oil assets

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Set up email notifications for these topics

Spotlight | Gabon
National oil firm under pressure to raise funds for Carlyle assets

Gabon
Vitol wants debt paid before helping GOC buy Carlyle's assets

Gabon
Savannah Energy joins the race for a share of Carlyle's oil assets

Gabon
GOC scrambles for funds to pre-empt Carlyle assets

Gabon
Oligui pressures minister to retake control of Carlyle's oil assets

Spotlight | Gabon
Traders compete to finance GOC's bid to takeover Carlyle's oil assets

Spotlight | Gabon
Maurel & Prom rivals hope for post-coup reallocation of Carlyle assets

Gabon
General Oligui Nguema puts his people in key positions

Gabon
Perenco, Maurel & Prom and Assala remain sanguine after coup

Gabon
Post-coup, oil companies are being called to account

Gabon
Perenco hurries to sell Atora before Carlyle seals sale of its share

Gabon
Pertamina moves to take over Carlyle's Assala Energy

Gabon
Assala denies Carlyle is selling out

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Africa Intelligence on social media

Indigo Publications' websites

About Africa Intelligence

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Indigo Publications' websites

Botswana, South Africa From Gaborone to Antwerp, is De Beers's empire on the rocks?

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Gabon New regime prepares to pre-empt Carlyle's oil assets

This article may be accessed by subscribers

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Set up email notifications for these topics

Spotlight | Gabon National oil firm under pressure to raise funds for Carlyle assets

Gabon Vitol wants debt paid before helping GOC buy Carlyle's assets

Gabon Savannah Energy joins the race for a share of Carlyle's oil assets

Gabon GOC scrambles for funds to pre-empt Carlyle assets

Gabon Oligui pressures minister to retake control of Carlyle's oil assets

Spotlight | Gabon Traders compete to finance GOC's bid to takeover Carlyle's oil assets

Spotlight | Gabon Maurel & Prom rivals hope for post-coup reallocation of Carlyle assets

Gabon General Oligui Nguema puts his people in key positions

Gabon Perenco, Maurel & Prom and Assala remain sanguine after coup

Gabon Post-coup, oil companies are being called to account

Gabon Perenco hurries to sell Atora before Carlyle seals sale of its share

Gabon Pertamina moves to take over Carlyle's Assala Energy

Gabon Assala denies Carlyle is selling out

Set up email notifications for these topics

About Africa Intelligence

Subscription

Africa Intelligence on social media

Indigo Publications' websites

Botswana, South Africa
From Gaborone to Antwerp, is De Beers's empire on the rocks?

Mali, Senegal, Togo
The secrets of Demex, the trader selling Russian oil in West Africa

Gabon
New regime prepares to pre-empt Carlyle's oil assets

Spotlight | Gabon
National oil firm under pressure to raise funds for Carlyle assets

Gabon
Vitol wants debt paid before helping GOC buy Carlyle's assets

Gabon
Savannah Energy joins the race for a share of Carlyle's oil assets

Gabon
GOC scrambles for funds to pre-empt Carlyle assets

Gabon
Oligui pressures minister to retake control of Carlyle's oil assets

Spotlight | Gabon
Traders compete to finance GOC's bid to takeover Carlyle's oil assets

Spotlight | Gabon
Maurel & Prom rivals hope for post-coup reallocation of Carlyle assets

Gabon
General Oligui Nguema puts his people in key positions

Gabon
Perenco, Maurel & Prom and Assala remain sanguine after coup

Gabon
Post-coup, oil companies are being called to account

Gabon
Perenco hurries to sell Atora before Carlyle seals sale of its share

Gabon
Pertamina moves to take over Carlyle's Assala Energy

Gabon
Assala denies Carlyle is selling out