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The US Overseas Private Investment Corporation has agreed to provide $37.8m in political risk insurance to support ContourGlobal’s construction and operation of three combined heat and power generation (CHP) plants for Nigeria Bottling Company (NBC).

South Africa’s SacOil (South Africa Congo Oil Company) has formed a joint venture with Energy Equity Resources (EER) on OML 115 in the onshore Niger Delta. SacOil said the JV formed part of its strategy of seeking producing and near-producing oil and gas fields in Africa

The Joint Development Authority (JDA) has approved a six-month extension of exploration phase I in blocks 3 and 4 of the Nigeria-São Tomé Joint Development Zone, enabling the companies involved to complete the studies needed for further exploration (AE 194/14).

Traders’ concern over payments delays have made NNPC’s fuel importing arm a heavily insured entity on the single-risk insurance markets.

Ghana Cocoa Board (Cocobod), Africa’s most consistent pre-export borrower and a benchmark for sub-Saharan trade finance terms, has tapped its largest annual pre-export finance facility.

ANGOLA: Clov contract for FMC; ANGOLA: Cabinda appraisal well successful; ANGOLA: West Gemini drilling for Total; MAURITANIA: Dana spuds well on Cormoran gas prospect; MOROCCO: Tarfaya oil shale project progresses; MOZAMBIQUE: Sasol signs for onshore gas block; NIGERIA: Hardy sells up to focus on India; NIGERIA/SAO TOME: JDZ partners discuss second phase; SEYCHELLES: Seismic deal for EEZ; TANZANIA: M&P drills on Kianika; TUNISIA: Lambouka well

As Nigeria struggles to overcome its generation woes (see Focus, above) Siemens Energy has received an order for construction of the Geregu II gas turbine power plant in Ajaokuta for Niger Delta Power Holding Company (NDPHC).

CHAD: Commission approves refinery project; NIGERIA: NLNG LPG, condensate tender; TANZANIA: Upgrading work for Dar port

As presidential elections draw closer, plans to privatise the ineffectual PHCN could enhance Goodluck Jonathan’s position as he starts to make good on pledges to deal with Nigeria’s crippling power crisis, writes David Slater

The controversial Petroleum Industry Bill (PIB), designed by the previous government to implement the largest energy sector shake-up in recent Nigerian history, will be passed into law by the end of August, according to petroleum minister Diezani Allison-Madueke. The PIB is nearing completion after months of delays and several re-writes. “All the strategic work has been done and there is only a little bit of fine

Parastatal JV plans offshore drilling; Clov tenders line up; ExxonMobil seeks MTPS farm-out; Seplat completes Niger Delta purchase

Eni and its partners have made a new oil discovery in Block 15/06 with the deep-water Cabaça SE-1 well. The well, located in 470 metres of water 100km offshore, encountered significant oil-bearing reservoirs in the Miocene series. An appraisal well is planned to be drilled in Q3 2010 with the objective of delineating and testing this oil accumulation. Cabaça SE-1 is the seventh exploration well drilled in Block 15/06 since the block was awarded at the end of 2006. The eighth well of the exploration drilling campaign, Mpungi-1, is currently being drilled,and it will complete the work commitment of the first exploration period. The block has delivered six commercial discoveries out of the seven prospects drilled to date.

ANGOLA: New find on Block 15/06; EGYPT: Mitsui buys in; GABON: Perenco workover raises output; MOROCCO: Exploration progress; NIGERIA/SAO TOME: Total Takes Chevron’s Block 1 stake; NIGERIA: Drilling success for Sinopec; TUNISIA: AfDB funds for Etap; UGANDA: Butiaba appraisal success

ANGOLA: Top crude supplier to China; LIBERIA/NIGERIA: Crude supply deal

A big new loan for a Nigerian gas project underlines growing interest from private investors in the country’s potential, writes Kevin Godier. Two Nigerian banks have extended a landmark $60m project finance facility to part- finance the construction of a gas pipeline, central processing facility and associated infrastructure in Akwa Ibom state.