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Confident of first gas by year-end, VOG is looking to its Logbaba project to fund expansion in West Africa and the former Soviet Union

Electricity production and consumption are projected to rise sharply in Creg’s latest forecast, pointing to a further spate of new-build, predominantly gas-fired power plants being ordered in the next decade. Even so, the Algerian regulator is projecting a slower increase in gas demand than was previously forecast.

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

Sonangol is back in the syndicated bank market, which the Angolan parastatal visits at least once a year to raise a minimum $1bn in debt, often on the back of a receivables purchase agreement structure.

Canada’s Buried Hill Energy has won a farm-in offshore Gambia from Frank Timis’ African Petroleum Corporation. African Petroleum, which has two blocks offshore Liberia, has agreed to take a 60% stake in blocks A1 and A4 and assume the operatorship.

Major West Africa player Chevron has signalled its continued support for the region by farming into Liberia, where companies are hoping to replicate Tullow Oil and Anadarko Petroleum Corporation’s success

South African marketer Engen Petroleum Limited has signed share purchase agreements for Chevron’s downstream interests in seven countries in sub-Saharan Africa and the Indian Ocean.

Confronted with a highly charged political situation, Kosmos Energy has given up trying to sell its 23.5% stake in the Jubilee Field to ExxonMobil in the face of government opposition.

With drilling set to start on its Tanzanian deep offshore acreage following BG’s farm-in, Ophir Energy has revived plans to seek a share listing (AE 190/1). Ophir announced a rig contract in June for an August start and the success of the listing will depend heavily on what it finds.

A new fuel terminal at the TangerMed port project is close to completion and will be brought into service by year-end.

The European Investment Bank has agreed $500m of finance for the Egyptian Refining Company as part of the largest project financing transaction in Egypt.

Doubts are being raised over São Tomé e Príncipe’s ability to handle oil licensing after the tiny island state was thrown out of the Extractive Industries Transparency Initiative, writes Thalia Griffiths

Italy’s Eni has expanded its central African footprint by moving into the Democratic Republic of Congo with a farm-in agreement with Surestream Petroleum to acquire 55% and operatorship in the Ndunda Block.

Tullow Oil’s Lake Albert ambitions have been dealt another blow with the Ugandan government talking tough in a tax dispute with the company. Oil minister Hillary Onek has said that the government has repossessed the Kingfisher field following expiry of the exploration licence, in an apparent bid to put pressure on Tullow to resolve its dispute over the tax payable on its buyout of Heritage Oil Corporation’s holdings.

The search for oil offshore East Africa has taken another step forward with Anadarko’s Ironclad well in the offshore Rovuma Basin finding non-commercial shows. Partner Cove Energy said the well was drilled to a total depth of 5,304 metres and penetrated 205 metres of Cretaceous age sediments in two distinct fan lobes.