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
28 March 2024
The country’s largest gas field is a bright spot for the North Sea, boasting cleaner operations amid a changing mood in Europe over hydrocarbons
28 March 2024
Whether OPEC+ starts to unwind its oil production cuts from June will depend on heavily debated unfolding supply-demand balances
28 March 2024
As a gas supply shortfall looms, balancing regulatory flexibility with energy security and investor confidence will be critical
27 March 2024
Oil producers have to untangle the increasingly complicated relationship with their natural resources