The new FPSO at Etame
Vaalco eyes more African growth
The independent plans further Africa-focused expansion and shrugs off the recent coup in Gabon
"We are starting to see some of the significant synergy and operational efficiency benefits from the acquisition [of Calgary-based Transglobe] now coming through," said Vaalco CEO George Maxwell. The Houston-headquartered independent’s portfolio includes assets in Gabon, Equatorial Guinea, Egypt and Canada. The efficiency gains and cost savings were particularly notable in the company’s Egyptian and Canadian operations, where the 2023 drilling campaigns were completed well before the end of the year and below capex budget. The firm’s processing structure in Egypt was reconfigured and debottlenecked, while in Canada Vaalco adopted a strategy to acquire more land around the project to carry ou
Also in this section
19 August 2025
ExxonMobil’s MOU with SOCAR, unveiled in Washington alongside the peace agreement with Armenia, highlights how the Karabakh net-zero zone is part of a wider strategic realignment
19 August 2025
OPEC and the IEA have very different views on where the oil market is headed, leaving analysts wondering which way to jump
15 August 2025
US secondary sanctions are forcing a rapid reassessment of crude buying patterns in Asia, and the implications could reshape pricing, freight and supply balances worldwide. With India holding the key to two-thirds of Russian seaborne exports, the stakes could not be higher
11 August 2025
The administration is pushing for deregulation and streamlined permitting for natural gas, while tightening requirements and stripping away subsidies from renewables
