GABON/EGYPT: VAALCO Energy Provides Operational Update

Reported fourth quarter 2022 production of approximately 18,175 working interest (“WI”) barrels of oil equivalent (“BOEPD”) or about 14,200 net revenue interest (“NRI”) BOEPD; Production was within VAALCO’s fourth quarter … Read More

VAALCO Energy Announced the Closing of the Strategic Combination with TransGlobe Energy Corporation

The combined Company is a leading African-focused operator with a strong production and reserve base, a diverse portfolio of assets in Gabon, Egypt, Equatorial Guinea and Canada, and significant future growth potential. KEY HIGHLIGHTS … Read More

Africa’s Regulatory Landscape Sees Critical, Industry-Advancing Reforms

The African Energy Chamber’s Q1 2022 Outlook, the State of African Energy, details regulations implemented in Nigeria and Egypt that are fast tracking sectoral growth. With the energy transition pressuring … Read More

EGYPT: Transglobe Energy Corporation Announces Eastern Desert Contract Execution

TransGlobe Energy Corporation has announced the execution of the new concession agreement consolidating and amending its three existing Eastern Desert concession agreements (West Gharib, West Bakr and North West Gharib). … Read More

EGYPT: Oil Production Decline Offset by Well Optimization Activities & New Drilling – TransGlobe

Eastern Desert (100% WI) The Company continues to utilize the EDC-64 rig drilling development oil wells. In West Bakr, during the quarter, the Company successfully drilled two development oil wells … Read More

EGYPT: TransGlobe Energy Provides Q1 2021 Financial & Operating Results

In Egypt, the Company sold 171.9 thousand barrels of entitlement crude oil to EGPC during the quarter, and had 455.7 Mbbls of entitlement crude oil inventory at March 31, 2021. … Read More