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
21 January 2025
The new president must put his cards on the table and tell the American people, and the world, if the US is formally abandoning the energy transition
20 January 2025
Country offers to boost gas exports to Europe to 10bcm/yr, but serious questions remain
20 January 2025
The country’s oil and gas giant, KazMunayGas, is pushing ahead with a series of significant international partnerships
17 January 2025
Supply glut or supply deficit are both plausible outlooks, with tariffs and sanctions among the key risks that could swing the pendulum
