Reuters exclusively reports BP, Eni seek to raise $2 billion for Angola joint venture - Reuters News Agency
Business & FinanceEnergy

Reuters exclusively reports BP, Eni seek to raise $2 billion for Angola joint venture

Reuters exclusively reported that BP and Eni are seeking to raise up to $2 billion for their emerging oil and gas joint venture in Angola as they look to reduce debt to help build up renewables businesses. Spinning off oil and gas assets is seen as a way for them to squeeze more out of such assets as they try to reduce their greenhouse gas emissions and shift towards renewable energy.

Article Tags
Topics of Interest: Business & FinanceEnergy
Type: Reuters Best
Sectors: Commodities & Energy
Regions: Europe
Countries: UK
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Important Regional Story
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