Left waiting at the altar in Madagascar
The country’s efforts to kickstart offshore exploration have hit a snag
The Madagascar licensing round was launched and ready to roll, but then one partner went missing. New president Andry Rajoelina, sworn into office in January, decided he wanted to have another look at a process drawn up under his predecessor and has suspended it until further notice. A statement issued on behalf of Madagascar's state hydrocarbons firm Omnis on 15 February gave no indication of when, or if the process would resume. "Omnis in partnership with TGS and BGP, regret to inform you that following the decision from the newly elected government, the 2018/2019 Madagascar Licensing Round involving 44 blocks in the Morondava basin is suspended until further notification," it said. The co
Also in this section
24 January 2025
Domestic companies in Nigeria and other African jurisdictions are buying assets from existing majors they view as more likely to deliver production upside under their stewardship
23 January 2025
The end of transit, though widely anticipated, leaves Europe paying a third more for gas than a year ago and greatly exposed to supply shocks
23 January 2025
The country’s government and E&P companies are leaving no stone unturned in their quest to increase domestic crude output as BP–ONGC tie-up leads the way
22 January 2025
The return of Donald Trump gives further evidence of ‘big oil’ as an investable asset, with the only question being whether anyone is really surprised