Vaalco strikes for Svenska in move into Cote d’Ivoire
While the deal is immediately accretive to Vaalco, the FPSO on Baobab will go offline in early 2025 for maintenance and upgrades. It should be back in production in 2026.
Vaalco Energy
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.”
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.
TransGlobe sale to Vaalco squeaks through
Shareholders of TransGlobe Energy have backed the planned sale to Vaalco Energy by 72.8%, just over the required level of 66.66%.
Atlas cries foul at Vaalco’s Venus plan
Nigeria’s Atlas Petroleum International has objected to Vaalco Energy’s announced plans to develop the Venus field, in Equatorial Guinea.
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.
“Lower risk, higher potential” in Vaalco tie up for TransGlobe
In this day and age, there is no space for a small cap oil company, according to TransGlobe Energy CEO and president Randy Neely, making the case for a tie up with Vaalco Energy.
TransGlobe faces up to opposition on Vaalco deal
A challenge has been mounted to TransGlobe Energy’s plans to merge with Vaalco Energy, ahead of the crucial September 29 vote.
Vaalco, TransGlobe set out merger plan
Vaalco Energy (LON:EGY) has set out a plan to acquire TransGlobe Energy (LON:TGL) in an all-stock merger, valuing the latter at $307 million.
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.
BW Energy contracts Borr for Gabon drilling
Borr Drilling has signed a contract for its Norve jack-up to work in Gabon, for BW Energy.
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.
Borr signs West African contracts as optimism rises
Borr Drilling sees better times ahead, predicting all its rigs might be in work by the end of 2022.
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.
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.
Sasol completes Gabon sale to Vaalco
Sasol has completed the sale of its 27.75% stake in a Gabonese licence to Vaalco.
Vaalco doubles down at Etame Marin
Vaalco Energy has struck a deal to buy out its partner, Sasol, from shared operations offshore Gabon.