Vaalco ins focusing on Africa
Vaalco looks to expand
Independent’s CEO sees further opportunities for growth in Africa post-Transglobe merger
“We are definitely Africa focused… never say never, but our heartland is Africa,” George Maxwell, CEO of Houston-headquartered Vaalco, tells Petroleum Economist. The firm recently completed a merger with Calgary-based Transglobe. And Maxwell says that, when he took over as CEO in 2021 and the board gave him “a growth mandate”, the choice of partner was “actually relatively simple”. “The companies had been talking previously, but those talks were discontinued because Vaalco was looking to confirm the extension of its Etame licence in Gabon and Transglobe was working on the consolidation of its Egyptian licences,” he adds. Vaalco CEO Geor
Also in this section
19 March 2026
The regional crisis highlights the undervalued role of fixed pipelines in the age of tanker flexibility
18 March 2026
Rising LNG exports and AI-driven power demand have raised concerns that US gas prices could climb sharply, but analysts say abundant shale supply and continued productivity gains should keep Henry Hub within a range that preserves the competitiveness of US LNG
18 March 2026
Risks of shortages in oil products may cause world leaders to panic and make mistakes instead of letting the market do what it does best
17 March 2026
The crisis in the Middle East has put LNG’s ability to offer security and flexibility under uncomfortable scrutiny
