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
7 July 2025
The end of Grangemouth and Lindsey oil refineries marks a worrying trend across Europe amid cost and transition pressures
3 July 2025
The July/August 2025 issue of Petroleum Economist is out now!
2 July 2025
The global energy community will converge in Dubai on 10 December for a landmark event dedicated to shaping the future of natural gas across the region
30 June 2025
Government is sending out the right policy signals to support increased domestic gas development, but policy takes time to implement and even longer to yield results