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

BP and Eni are seeking to raise up to $2-billion for their emerging oil and gas joint venture in Angola as both firms attempt to reduce their own debt to help build up renewables businesses, banking and industry sources said. BP and Eni announced in May that they had entered into talks to merge their oil, gas and liquefied natural gas (LNG) operations in Angola to form one of Africa’s largest energy companies.