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

Gabon's Transition President Brice Clotaire Oligui Nguema, 29 February 2024. © A. Irungu/EPA/MaxPPP

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. [...]

Published on 01/04/2024 at 05:40 GMT Reading time 2 minutes

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Energy

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Gabon
Ali Bongo
Arnauld Calixte Engandji-Alandji
Assala Energy
BGN
Bob Maguire
Brice Clotaire Oligui Nguema
Carlyle
Carlyle International Energy Partners
David Roux
Gabon Oil Co
Marcellin Simba Ngabi
Maurel & Prom
Pertamina
Savannah Energy
Shell
Societe Gabonaise de Raffinage
TotalEnergies
Tullow Oil
Vitol

Gabon
Gabon Oil Company's costly delay after Assala acquisition

Investment in the oil assets operated by Assala Energy has been pared back to a bare minimum since their acquisition by the national oil company. It hasn't appointed management for its new subsidiary's London-based offices, and further delays could spell a drop in output.

Subscribers only Energy 16.09.2024

Gabon
Oligui Nguema buys two VIP planes

The Gabonese president's office used a broker to discreetly acquire two luxury aircraft for the presidential fleet, which have just been delivered to Libreville.

Subscribers only Politics 26.08.2024

Gabon
Vitol and Gunvor in running to help GOC secure Carlyle's assets

Having failed to reach an agreement with Vitol, the Gabonese government is once again listening to proposals from other traders to raise the billion dollars needed to buy back the licences held by the American investment fund.

Subscribers only Energy, Commodity traders 28.05.2024

Gabon
Trader Gunvor takes a swing at GOC-Vitol agreement over Carlyle assets

Gunvor has offered $950m in an attempt to stymie the agreement between GOC and Vitol over Carlyle's assets. However, Vitol has also put a lot of money on the table.

Subscribers only Energy 09.04.2024

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.

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.

Subscribers only Energy 06.11.2023

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

Set up email notifications for these topics

Gabon
Ali Bongo
Arnauld Calixte Engandji-Alandji
Assala Energy
BGN
Bob Maguire
Brice Clotaire Oligui Nguema
Carlyle
Carlyle International Energy Partners
David Roux
Gabon Oil Co
Marcellin Simba Ngabi
Maurel & Prom
Pertamina
Savannah Energy
Shell
Societe Gabonaise de Raffinage
TotalEnergies
Tullow Oil
Vitol

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

This article may be accessed by subscribers

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Set up email notifications for these topics

Gabon
Gabon Oil Company's costly delay after Assala acquisition

Gabon
Oligui Nguema buys two VIP planes

Gabon
Vitol and Gunvor in running to help GOC secure Carlyle's assets

Gabon
Trader Gunvor takes a swing at GOC-Vitol agreement over 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

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

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

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

This article may be accessed by subscribers

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Create your free account

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Set up email notifications for these topics

Gabon Gabon Oil Company's costly delay after Assala acquisition

Gabon Oligui Nguema buys two VIP planes

Gabon Vitol and Gunvor in running to help GOC secure Carlyle's assets

Gabon Trader Gunvor takes a swing at GOC-Vitol agreement over 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

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

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

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

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

Gabon
Gabon Oil Company's costly delay after Assala acquisition

Gabon
Oligui Nguema buys two VIP planes

Gabon
Vitol and Gunvor in running to help GOC secure Carlyle's assets

Gabon
Trader Gunvor takes a swing at GOC-Vitol agreement over 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

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

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