Warburg Pincus to back new African oil and gas explorer

Warburg Pincus to back new African oil and gas explorer

NAIROBI, June 17 (Reuters) – Private equity company Warburg Pincus is leading an investment of up to $600 million in Delonex Energy, a newly formed oil and gas exploration and production company planning to tap into the central and east African hydrocarbon boom....
Warburg Pincus to back new African oil and gas explorer

Brazil’s Petrobras Unloads Stakes

The Wall Street Journal 15 June 2013 Brazilian state-run energy giant Petróleo Brasileiro SA, or Petrobras, on Friday said it has brought in a partner for its African operations and has sold its stake in some small-scale hydroelectric plants, part of a plan to raise...