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Two oil products distributors have racked up a total of $50m in debts to the state road maintenance fund, according to sources close to prime minister Jean-Omer Beriziky. The tax was first introduced in 1997 as a levy on petrol and diesel to subsidise the cost of maintaining the island state’s road network.

Madagascar
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With its onshore Tsimiroro pilot project poised to start operation in H2 2012, Madagascar Oil expects to be the first company to produce oil from the Indian Ocean island state. It could produce 150,000 b/d of heavy oil by 2019 but, despite such bullish talk, Madagascar’s sulphurous politics are holding back progress on other companies’ blocks, writes François Misser, recently in Antananarivo.

Madagascar
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Despite Madagascar’s political crisis, several new mining projects are preparing for start-up, creating pressure on the island’s limited power supply, writes François Misser, recently in Antananarivo.

Madagascar
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Madagascar Oil’s onshore heavy oil ambitions apart, there is little movement on other upstream projects, not least due to a difficult political environment in which controversial President Andry Rajoelina has sought to control the nascent oil industry while consolidating his power base in Antananarivo.

Madagascar
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PGS has completed acquisition of 12,256km of 2D seismic data in the Juan de Nova and Belo Profond permits in the Mozambique Channel for Nigeria’s South Atlantic Petroleum (SAPetro).

Mozambique | Madagascar
Issue 229 - 20 April 2012

Indian Ocean border issues

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The issuing of Bahari Resources’ exploration licence in March followed the signing in February of an agreement between the Comoros, Seychelles and Tanzanian governments to delimit their maritime borders. A similar agreement was concluded in December between the Comoros, Mozambique and Tanzania. These accords “take the headache away”, said chief executive Peter Wakeling

Mozambique | Seychelles | Madagascar | Comoros | Tanzania
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AIM-listed Madagascar Oil has resolved outstanding issues with the government over exploration blocks 3105, 3106 and 3107

Madagascar
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The former president of Africa Oil and Black Marlin is back in East Africa with a new company looking to farm into some of Ophir Energy’s more politically challenging assets

Somalia | DR Congo | Madagascar | Uganda
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Madagascar Oil expects to start production from its Tsimiroro heavy oil field in Q4 after resolving an ownership dispute with the government, though its three exploration blocks are still awaiting the necessary approvals to restart operations

Madagascar
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Recent geological revelations offshore East Africa have sparked interest in French territory Juan de Nova and the Seychelles, where a number of farm-in opportunities beckon. But political risk remains an obstacle to progress in the region’s historical focus for exploration, Madagascar. While Tanzania and Mozambique hold out the prospect for major gas developments, the islands may have longer to

Mozambique | Madagascar | Tanzania
Issue 214 - 30 July 2011

Afren takes over Candax block

Subscriber

Following its move into East Africa by buying Black Marlin Energy in October 2010, Afren has expanded its stake in Candax Energy’s Madagascar Block 1101

Madagascar
Issue 212 - 02 July 2011

Oil dispute resolved

Subscriber

Trading in Madagascar Oil shares resumed on 27 June after the company said its dispute with the government over the Tsimiroro Block (Block 3104) had been resolved

Madagascar
Issue 208 - 07 May 2011

Oil row goes to arbitration

Subscriber

Madagascar Oil has taken its dispute with the government over its four operated blocks to international arbitration. The company was forced to halt trading in its shares just two weeks after their listing when the government indicated it wanted to take back its blocks 3104, 3105, 3106 and 3107 (AE 201/15).

Madagascar
Issue 206 - 02 April 2011

Madagascar Oil declares force majeure

Subscriber

Madagascar Oil has declared force majeure under its four operated licences to place the contract terms on hold while it resolves a dispute with the Ministry of Mines and Hydrocarbons (MMH). Mines and hydrocarbons minister Mamy Ratovomalala

Madagascar
Issue 201 - 21 January 2011

Madagascar Oil debacle alarms companies

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The suspension of Madagascar Oil's shares two weeks after listing highlights the problems facing the transitional government, writes Paul Melly. Under the guise of a New Year courtesy call on mining and hydrocarbons minister Mamy Ratovomalala, a delegation of senior managers from oil companies active in Madagascar began to lay the ground for new development talks with the government. In mid-December 2010, Ratovomalala made operators and ..

Madagascar