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
12 December 2025
The federal government is working with Alberta to improve the country’s access to Asian markets and reduce dependence on the US, but there are challenges to their plans
12 December 2025
The latest edition of our annual Outlook publication, titled 'The shape of energy to come: Creating unique pathways and managing shifting alliances', is available now
11 December 2025
The removal of the ban on oil and gas exploration and an overhaul of the system sends all the right messages for energy security, affordability and sustainability
10 December 2025
The economic and environmental cost of the seven-year exploration ban will be felt long after its removal
