Oil, Sanctions & SuperTankers: The Deals Driving Global Energy

In this episode, Anthony Cheung and Stephen Barnett explore how geopolitics and soaring energy prices are reshaping some of the biggest deals in global markets.

We look at Nigeria’s $1.6 billion Dangote Petroleum IPO and its ambition to build the world’s largest oil refinery, before unpacking Carlyle’s attempt to acquire Lukoil’s $20 billion portfolio of international assets amid Russian sanctions.

We also break down why Trafigura is launching a new supertanker business as spot shipping rates surge towards $1 million a day, and how disruption in the Strait of Hormuz is transforming the economics of moving oil around the world.

Finally, we examine KKR’s acquisition of DCC Energy and explain why private equity sees an opportunity in one of Europe’s biggest energy distributors.

00:00 The Global Energy Shake-Up

02:08 Nigeria’s $1.6BN IPO

04:17 Inside the Dangote Refinery

07:10 How Do You Value African Companies?

12:12 Nigeria’s Energy Revolution

17:45 Lukoil’s $20BN Sale

24:29 Inside Trafigura

28:56 The Supertanker IPO

31:53 Why Shipping Rates Are Surging

37:24 KKR’s Acquisition of DCC Energy

40:23 How Private Equity Creates Value

43:04 The Deal Gets Approved