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Chevron Africa Holdings has agreed to sell Chevron Nigeria Holdings (CNH) and its operations in Benin, Cameroon, Republic of Congo, Côte d’Ivoire and Togo to Corlay Global, a Panamanian company owned by a consortium of Nigeria’s MRS Holdings Ltd and Petroci Holdings of Cote d’Ivoire. Bermuda-registered CNH holds 60% of the publicly listed Chevron Oil Nigeria.

Technip contracts for Block 31 developments; PA Resources farms out Marine XIV; EODC contracts for two jack-ups; M&P to appraise Omko-1; Perenco quits Dussafu Marin; Swiss Oil takes Blocks L4 and L13; Candax starts seismic; Universal extends holdings; Aker contract

Diesel then grid options for Mayoko iron ore scheme; MHI/Toyota Tsusho win Abu Qir order; WDEPC Transformer supply tender; Lebanon to import 450MW as gas supplies fall short; Chinese to build hydro plant; ONE reports big upside from GMT+1; Refinery scheme to include 500MW unit; Minister lines up to set out sector policy

Higher oil revenues and settlements with vulture funds have given Republic of Congo the space to bow to Bretton Woods demands for more transparent accounting for petroleum income, writes Paul Melly.

The International Monetary Fund made a new Poverty Reduction and Growth Facility conditional on Republic of Congo’s acceptance of an unusually detailed set of reforms – and it has turned down a government request to allow Société Nationale des Pétroles du Congo (SNPC) to help meet the cost of food subsidies.

Gulf of Guinea Energy has spudded the first of two back-to-back appraisal/development wells in the Uquo field on OML 13 in the eastern Niger Delta. The Uquo-5 well will be drilled to a depth of 8,500 feet by Henan Petroleum Company Nigeria, using the HPEB119 drilling rig.

REPUBLIC OF CONGO: Brazilians push for biofuels projects; EGYPT: USTDA grant for petrochems; MOROCCO: Samir financing

Italy’s Eni, already one of Congo-B’s two main operators, has announced plans to invest $3bn in 2008-11, diversifying into tar sands and biofuels and generating an expected equity production of 150m boe in the country.

CityView to work with local operator; PA completes MPS farm-in; Dry well on WEEM; Noble spuds Benita appraisal; Chinese partners; New reconnaissance licence for Czechs; Kunene well spuds; Key teams up with Pancontinental; Tower Block 5 drilling plans

ANGOLA: Block 15/06 find; ANGOLA: SeaBird contract; REPUBLIC OF CONGO (BRAZZAVILLE): Moho-Bilondo starts up; EGYPT: Melrose record production from its acreage; GAMBIA: GB Energy pulls out; LIBYA: Hess to acquire 2D seismic; MADAGASCAR: Seismic shoot; MAURITANIA: Banda NW sidetrack hits oil and gas; TUNISIA: Sud Remada drilling success

CONGO-B: Marine XI farm-out brings in Vietnamese; MAURITANIA: Khop well spuds; TUNISIA: Vietnamese take two blocks; TUNISIA: DualEx enters with Bouhajla stake

CONGO-B: Transformers contract; DR CONGO: Ruzizi 1 rehab tender; ETHIOPIA: Sterlite wins EEPCo contract; TUNISIA: Rural solar project; UGANDA: ERA approves Tororo plant

ANGOLA: LNG technology deal; REPUBLIC OF CONGO (BRAZZAVILLE): Refinery contract; LIBYA: Indonesians agree long-term crude supply

Afrinvest name change; Maputo port investment; First Quantum financing; PA bond issue