Newsletters | Request Trial | Log in | Advertise | Digital Issue   |   Search
  • Upstream
  • Midstream & Downstream
  • Gas & LNG
  • Trading & Markets
  • Corporate & Finance
  • Geopolitics
  • Podcasts
Search
Related Articles
Gabon eyes future post-Bongo
Sovereignty is the watchword for the new government, but there are still upstream opportunities for those willing to work closely with the state
Hydrocarbon Processing Refining Databook 2025: Middle East & Africa
The Middle East is focusing on modernisation and expansion projects, while Africa is seeking to reduce its imports of refined products
African divestment deals are back in the frame
After some delay, the much-heralded sale of oil and gas companies’ mature upstream assets in sub-Saharan Africa has gained fresh momentum, with a clutch of deals reaching completion
Indies look to Equatorial Guinea as ExxonMobil pulls out
But even planned exploration activity is unlikely to reverse declining output from mature fields
Vaalco eyes more African growth
The independent plans further Africa-focused expansion and shrugs off the recent coup in Gabon
Maurel & Prom acquires independent Assala
The French firm confirms its position in Gabon
Central Africa’s upstream attracts IOCs
Recent announcements demonstrate sustained interest in the mature region, especially among independents
African LNG growth could come too late to cash in
Can new capacity come online soon enough to capitalise on elevated prices?
Gabon’s production set for further expansion
But significant discoveries are likely needed to prevent output from sliding again later this decade
Vaalco looks to expand
Independent’s CEO sees further opportunities for growth in Africa post-Transglobe merger
Vaalco is looking to expand in West Africa
Gabon Equatorial Guinea
Simon Ferrie
27 May 2021
Follow @PetroleumEcon
Forward article link
Share PDF with colleagues

Vaalco eyes West African opportunities

The independent US explorer has expanded in Gabon and is looking elsewhere in the region

Houston-based independent Vaalco sees growing opportunity in West Africa as the oil majors trim their portfolios, chief executive George Maxwell tells Petroleum Economist. Vaalco recently almost doubled its stake in Gabon’s Etame field to 58.8pc by acquiring the interest of its former partner, South African energy and petrochemicals company Sasol. That acquisition took the company “to the next level”, Maxwell says, as Etame serves as a stable, secure and cash-generative base for further expansion. Vaalco CEO George Maxwell The firm is “looking to find highly accretive opportunities” for further growth, Maxwell says, with interest “prima

Also in this section
Arbitration with Gazprom: how to collect
1 August 2025
A number of companies have filed arbitration claims against Gazprom over non-deliveries of contracted gas or other matters—and won. The next step is to collect the award; this is no easy task but it can be done thanks to an international legal framework under the New York Convention.
Difficult times for Germany’s downstream
1 August 2025
Europe’s refining sector is desperately trying to adapt to a shifting global energy landscape and nowhere is this more apparent than in its largest economy
Middle East gas can power regional prosperity
1 August 2025
The Middle East natural gas playbook is being rewritten. The fuel source offers the region a pathway to a cleaner, sustainable and affordable means of local power, to fasttrack economic development and as a lucrative opportunity to better monetise its energy resources.
TotalEnergies sticks to winning formula
31 July 2025
TotalEnergies is an outlier among other majors for remaining committed to low-carbon investments while continuing to replenish and expand its ample oil and gas portfolio, with an appetite for high risk/high return projects.

Share PDF with colleagues

Rich Text Editor, message-text
Editor toolbarsBasic Styles Bold ItalicParagraph Insert/Remove Numbered List Insert/Remove Bulleted List Decrease Indent Increase IndentLinks Link Unlinkabout About CKEditor
COPYRIGHT NOTICE: PDF sharing is permitted internally for Petroleum Economist Gold Members only. Usage of this PDF is restricted by <%= If(IsLoggedIn, User.CompanyName, "")%>’s agreement with Petroleum Economist – exceeding the terms of your licence by forwarding outside of the company or placing on any external network is considered a breach of copyright. Such instances are punishable by fines of up to US$1,500 per infringement
Send

Forward article Link

Rich Text Editor, txt-link-message
Editor toolbarsBasic Styles Bold ItalicParagraph Insert/Remove Numbered List Insert/Remove Bulleted List Decrease Indent Increase IndentLinks Link Unlinkabout About CKEditor
Send
Sign Up For Our Newsletter
Project Data
Maps
Podcasts
Social Links
Featured Video
Home
  • About us
  • Subscribe
  • Reaching your audience
  • PE Store
  • Terms and conditions
  • Contact us
  • Privacy statement
  • Cookies
  • Sitemap
All material subject to strictly enforced copyright laws © 2025 The Petroleum Economist Ltd
Cookie Settings
;

Search

  • Upstream
  • Midstream & Downstream
  • Gas & LNG
  • Trading & Markets
  • Corporate & Finance
  • Geopolitics
  • Podcasts
Search