The merger 'will create a world-class Africa-focused E&P company', the firms say
Vaalco and Transglobe to merge
Combination of the independent E&P firms will be Africa-focused
Houston-headquartered independent Vaalco and Calgary-based Transglobe are merging. The two E&P firms have signed a definitive arrangement agreement under which Vaalco will acquire Transglobe shares in a “stock-for-stock" combination worth $307mn. Vaalco shareholders will own 54.5pc of the combined company while Transglobe stakeholders will take the remaining 45.5pc. The merger “will create a world-class Africa-focused E&P company” with a combined portfolio of “low-risk, high return assets” in Egypt, Gabon, Equatorial Guinea and Canada and “with significant future growth potential”, the companies say. Vaalco's contribution includes the majority stake in the Etame field in Gabon, while
Also in this section
24 December 2025
As activity in the US Gulf has stagnated at a lower level, the government is taking steps to encourage fresh exploration and bolster field development work
23 December 2025
The new government has brought stability and security to the country, with the door now open to international investment
23 December 2025
A third wave of LNG supply is coming, and with it a likely oversupply of the fuel by 2028
22 December 2025
Weakening climate resolve in the developed world and rapidly growing demand in developing countries means peak oil is still a long way away
