# Oil, Sanctions & SuperTankers: The Deals Driving Global Energy

Page: https://stenobird.com/podcast/market-maker-3553881/oil-sanctions-supertankers-the-deals-driving-global-energy
Text version: https://stenobird.com/podcast/market-maker-3553881/oil-sanctions-supertankers-the-deals-driving-global-energy.md
Podcast: [Market Maker](https://stenobird.com/podcast/market-maker-3553881)
Published: 2026-09-28T05:00:00+00:00
Episode link: https://podcasters.spotify.com/pod/show/amplify-me/episodes/Oil--Sanctions--SuperTankers-The-Deals-Driving-Global-Energy-e3pd69f
Audio file: https://traffic.megaphone.fm/APO5097442849.mp3
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JSON: https://stenobird.com/v1/public/podcasts/market-maker-3553881/episodes/oil-sanctions-supertankers-the-deals-driving-global-energy
Duration seconds: 2701

## Resource

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

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## Transcript

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