Vaalco’s Maxwell tots up miles to keep the ship on course
“It helps them, it’s beneficial for both sides,” Maxwell said. “It’s a lot of give and taken. We don’t always have a meeting of minds, but it doesn’t prevent us from sitting down.”
George Maxwell
Vaalco struggles to reach goals at Gabon well
Vaalco Energy has seen some disappointing results from a recent well offshore Gabon, but is looking for solutions.
Vaalco CEO aims for growth, mulls shareholder options
Vaalco Energy has completed the installation of new floating infrastructure off Gabon, shortly after completing its merger with TransGlobe Energy.
Equatorial Guinea approves Vaalco’s Venus plan
Equatorial Guinea has approved the Venus plan of development hatched by Vaalco Energy, targeting first oil in 2026.
Vaalco adds two wells to drilling plans off Gabon
Following success, Vaalco Energy has elected to keep its Borr Drilling rig for another two wells offshore Gabon.
Vaalco starts up second well, spuds a third
Vaalco Energy has completed a new well in the Etame field. Initial flow rates of 3,100 barrels per day of oil gross exceeding internal expectations.
Vaalco balances caution with expansion in formative year
Vaalco Energy will focus on delivering its expansion projects this year, while avoiding any threats to production, CEO George Maxwell has said.
Vaalco picks DOF Subsea for FSO switchover work
Vaalco Energy has contracted DOF Subsea to carry out subsea construction and installation work to allow it to go ahead with swapping in a floating storage and offloading (FSO) vessel in Gabon.
Vaalco kicks off Gabon drilling work with Borr rig
Vaalco Energy has got its drilling campaign offshore Gabon under way with a well on the Etame field.
BW Energy takes two blocks in Gabon’s delayed round
BW Energy has signed up to two new exploration blocks offshore Gabon as part of the country’s often delayed 12th offshore licensing round.
Vaalco lines up new FSO provider
Vaalco Energy has signed a binding letter of intent (LoI) with World Carrier Offshore Services to provide a floating storage and offloading (FSO) vessel offshore Gabon.
Vaalco contracts Borr jack-up
Vaalco Energy has signed a contract with Borr Drilling for a jack-up for work on the Etame Marin block.
Lekoil sacks CEO amid loan fall out
Lekoil has sacked its CEO Olalekan Akinyanmi with immediate effect, the company has said.
Vaalco sets out opportunities and appetites
Vaalco Energy has a new CEO and a strategy that aims to place the company among its West Africa-focused peers on the London market.
Vaalco eyes shift from FPSO to FSO with Omni
Vaalco Energy has signed a deal for a new floating storage and offloading (FSO) unit at its Etame Marin field, replacing BW Offshore with Omni Offshore Terminals.
Maxwell lined up for top slot at Vaalco
George Maxwell has been named as Vaalco Energy’s new CEO, replacing Cary Bounds.
Victory for Metallon in Lekoil vote
Lekoil shareholders have backed Metallon Corp.’s proposed board, despite some concerns flagged by the Nigerian government.
Lekoil faces fall from AIM in face of Metallon pressure
Lekoil has accused minority shareholder Metallon of attempting to seize control of the Nigerian minnow, ahead of the EGM planned for January 8.
Lekoil under fire from partners, shareholders
Lekoil has received a warning that unless it pays its bills at OPL 310 its stake may be sold off, while also facing shareholder demands for board change.
Seplat makes Eland £380 million offer
Nigeria’s Seplat Petroleum has reached an agreement to acquire Aberdeenshire-headquartered Eland Oil and Gas for more than £380 million.
Eland announces £10m fundraiser
North-east company Eland Oil and Gas said tonight it aimed to raise about £10million from the sale of new shares.
Eland’s well results exceed expectations in Nigeria
Eland Oil and Gas has completed the perforation of two new intervals in the Opuama 3 well in Nigeria and increased production from the two strings.
Eland boss takes heart from new regime in Nigeria
Eland Oil and Gas said today it welcomed a transparent, level playing-field for foreign investment under a new political regime in Nigeria.