VAALCO Energy, Inc. Company News

Recent Articles

Results 50 articles shown

Gabon Operator Secures Borr Rig for Drilling Campaign
VAALCO has executed a contract with Borr Jack-Up XIV for its 2021/2022 drilling program.
8:00 PM EST | June 17, 2021
West Africa FPSO Contract Extended
BW Offshore reported that it has secured a one-year contract extension.
8:00 PM EST | July 22, 2020
Offshore Gabon Workover a Success
VAALCO Energy on Monday reported the successful completion of the South East Etame 2H Well Offshore Gabon.
8:00 PM EST | April 14, 2020
VAALCO Agrees to Acquire Sojitz's Stake in Etame Marin Permit Off Gabon
VAALCO agrees to acquire Sojitz's 3.23 percent participating interest in the Etame Marin Permit offshore Gabon.
8:00 PM EST | August 01, 2016
VAALCO Updates on Operations at Etame Marin Block Offshore Gabon
VAALCO provides an update of its operations at the Etame Marin block offshore Gabon.
8:00 PM EST | October 12, 2015
First Oil Flows from the North Tchibala Field Offshore Gabon
VAALCO Energy flows first oil from the North Tchibala field offshore Gabon.
8:00 PM EST | September 16, 2015
VAALCO Encounters Disappointment at Kindele-1 Exploration Well Off Angola
VAALCO plugs and abandons the Kindeke-1 exploration well in Block 5, offshore Angola after encountering disappointing drilling results.
8:00 PM EST | March 30, 2015
EMAS AMC Completes T&I Work on Gabon's Etame Marin Field Expansion
EMAS AMC completes a $120 million transportation and installation contract for VAALCO's Etame Marin field expansion project offshore Gabon.
8:00 PM EST | October 15, 2014
VAALCO Completes Development Well Offshore Gabon
VAALCO has successfully completed the new development well (EAVOM-3H) in the Avouma field.
8:00 PM EST | April 15, 2013
Brenham Inks PSC Agreement for Equatorial Guinea Block
Brenham Oil & Gas has executed a production sharing contract with the government of Equatorial Guinea in West Africa.
7:00 PM EST | December 19, 2012
VAALCO Brings Granite Wash Well Online
VAALCO announced first production from its successful exploration well drilled in Hemphill County, Texas in the Granite Wash formation.
8:00 PM EST | August 15, 2011
Magellan, Vaalco Sign LOI for Bakken Development in Montana
Magellan Petroleum Corporation signed a letter of intent (LOI) with Vaalco Energy Inc. to begin work on developing the Bakken formation and deeper horizons within the East Poplar Unit and Northwest Poplar Field in Roosevelt County, Montana (Poplar).
8:00 PM EST | July 17, 2011
VAALCO Board Member Waves Goodbye
VAALCO announced that one of its directors, William S. Farish, has informed the Board of Directors that he intends not to seek re-election.
8:00 PM EST | March 21, 2011
VAALCO Acquires Tx. Acreage, Rig
VAALCO has recently acquired a 640 acre lease in the Granite Wash formation in Hemphill County, Texas and that the Company has secured a drilling rig.
7:00 PM EST | March 10, 2011
VAALCO Pumps First Oil at South Tchibala
VAALCO announced that oil production has commenced from the Company's South Tchibala development well (ETBSM-2H) following successful operations to retrieve the completion assembly.
7:00 PM EST | November 28, 2010
VAALCO on Track with Gabon Development Program
VAALCO has successfully drilled and completed Etame 7H and has now spudded the next well in its Gabon development program.
8:00 PM EST | October 04, 2010
VAALCO to Farm-Out Gabon Permit to Total
VAALCO has executed a farm-out agreement with Total Gabon for the Mutamba Iroru Permit, onshore Gabon.
8:00 PM EST | August 16, 2010
VAALCO Updates Southeast Etame Ops
VAALCO rovided a further update on the Southeast Etame No. 1 ("ETSEM-1") exploration well.
8:00 PM EST | August 02, 2010
VAALCO Spins Bit Offshore Gabon
VAALCO provided an update on the Southeast Etame No. 1 exploration well offshore Gabon.
8:00 PM EST | July 15, 2010
VAALCO Discovers Oil Offshore Gabon
VAALCO announced the Southeast Etame No. 1 (ETSEM-1) exploration well completed drilling to a total depth of 9,045 feet (2,757 meters) offshore Gabon.
8:00 PM EST | June 15, 2010
VAALCO Updates on Ops Offshore Gabon
VAALCO says the Sapphire Driller has successfully completed operations on the Ebouri 3H workover and has moved onto location to drill the SE Etame exploration well.
8:00 PM EST | May 17, 2010
VAALCO Starts off 1Q Positively
"We are pleased with the profitability VAALCO delivered in the first quarter and the positive start on our 2010 drilling program," said Robert Gerry.
8:00 PM EST | May 09, 2010
VAALCO Primes Bit for Gabon Drilling Program
The Sapphire Driller jackup is on location at the Ebouri Platform offshore Gabon and will commence drilling the first of four wells today, March 10, 2010.
7:00 PM EST | March 09, 2010
VAALCO Welcomes Myers to Board
VAALCO Energy announced that John J. Myers, Jr. has been appointed to the Company's Board of Directors.
7:00 PM EST | March 03, 2010
VAALCO Buys More Time for Etame Permit Off Gabon
VAALCO Energy has successfully negotiated an extension to its Etame Marin Exploration Permit offshore Gabon three years beyond the original expiration date of July 2011.
7:00 PM EST | November 30, 2009
VAALCO Posts 3Q Results, Plans 'Aggressive' Drilling Program
"VAALCO's strong balance sheet positions us to execute an aggressive drilling program before year-end, while also exploring additional opportunities for growth," said CEO Robert Gerry.
7:00 PM EST | November 09, 2009
VAALCO Achieves Record Production, Unveils 4Q Drilling Plans
VAALCO has achieved a record daily average production exiting the second quarter and has announced new drilling opportunities planned for the fourth quarter 2009.
8:00 PM EST | August 10, 2009
VAALCO Energy to Redeem Rights Under Plan
VAALCO Energy's Board has determined to redeem the rights issued under the Company's stockholder rights plan.
8:00 PM EST | July 08, 2009
VAALCO Authorizes Share Buyback Program
VAALCO's Board of Directors has authorized the repurchase of up to $10 million of the Company's common stock.
8:00 PM EST | June 23, 2009
VAALCO Reports Loss for 1st Quarter 2009
Robert Gerry, VAALCO's Chairman and CEO, said, "We are naturally disappointed with our first quarter performance, given the results of our exploration program."
8:00 PM EST | May 11, 2009
VAALCO All Wet at Mutamba Well, Completes Ebouri Devt Well
VAALCO has reported on its exploratory well located onshore Gabon in the Mutamba concession and its new development well located in the Ebouri field offshore Gabon in the Etame Marin Block.
8:00 PM EST | April 13, 2009
VAALCO to Abandon Block 48/25c Well in UK North Sea
VAALCO Energy, Inc. announced that the consortium responsible for drilling a gas prospect on Block 48/25c in the British North Sea has elected to abandon the well.
8:00 PM EST | March 23, 2009
VAALCO Posts Full-Year Results, Anticipates Continued Growth in '09
In 2008, VAALCO replaced 166% of production, increased proved reserves by 19%, increased net income by 56% and maintained a strong balance sheet with $125.4 million of cash and $5 million of debt.
8:00 PM EST | March 15, 2009
VAALCO All Wet at Onshore Gabon Exploratory Well
VAALCO encountered a water-bearing reservoir at that the first of two exploratory wells onshore Gabon in the Mutamba concession. The well will be plugged and abandoned.
7:00 PM EST | February 23, 2009
VAALCO to Turn Taps on 2nd North Ebouri Producer in March
VAALCO expects to complete and place on production a second successful development well in the offshore Gabonese Ebouri Field.
7:00 PM EST | February 16, 2009
VAALCO Commences North Sea Drilling, Prepares for Angola Spud
VAALCO Energy has provideded an update on its drilling program in the UK North Sea and West Africa.
7:00 PM EST | February 16, 2009
VAALCO Turns on Taps at New Ebouri Well Offshore Gabon
Oil production has commenced from VAALCO's new development well in the Ebouri field offshore Gabon.
7:00 PM EST | January 26, 2009
Two Successful Delineation Wells Extend Ebouri Field Offshore Gabon
Successful delineation drilling has extended the Ebouri field offshore Gabon and will subsequently boost the Etame Marin license's production volume.
7:00 PM EST | January 08, 2009
VAALCO Successfully Extends Ebouri Field with Development Drilling
VAALCO has extended the Ebouri field with successful appraisal drilling and expects to ramp up production from the Etame license to 25,000 bopd by adding more development wells.
7:00 PM EST | December 30, 2008
VAALCO Spuds New Ebouri, Etame Wells Offshore Gabon
VAALCO has commenced drilling its development well in the Ebouri field and at its appraisal well in the Etame block.
7:00 PM EST | November 20, 2008
VAALCO Notes Earnings Boost in Third Quarter
VAALCO announced that for the third quarter of 2008, net income was $22.3 million, compared to $8.8 million for the comparable period in 2007.
7:00 PM EST | November 09, 2008
VAALCO Names New CFO
VAALCO announced that Gregory R. Hullinger has been named Chief Financial Officer of the Company.
8:00 PM EST | October 21, 2008
VAALCO to Upgrade FPSOs Serving West African Fields
VAALCO currently has six producing wells in offshore Gabon, West Africa -- four in its Etame field and two in the Avouma/Tchibala fields. Production from these wells is steady, totaling approximately 20,500 barrels per day.
8:00 PM EST | October 14, 2008
VAALCO Remains on Track with Strong Q2 Net, Exploration Growth
VAALCO announced that for the second quarter of 2008, net income was $13.0 million or $0.22 per diluted share compared to net income of $3.7 million or $0.06 per diluted share for the comparable period in 2007.
8:00 PM EST | August 11, 2008
VAALCO Installs Ebouri Platform, Looks to Drill in West Africa
VAALCO announced that it has completed the installation of the production platform at its Ebouri field in offshore Gabon, West Africa. The platform has been tied back via pipeline to the FPSO that serves the Etame and Avouma/Tchibala fields.
8:00 PM EST | July 31, 2008
VAALCO Appoints Brazelton to Board
VAALCO Energy, Inc. has appointed Frederick W. Brazelton to the Company's Board of Directors. VAALCO's Board has been expanded to eight directors, six of whom are independent.
8:00 PM EST | June 26, 2008
VAALCO Upgrades FPSO at Gabon, Announces Arrival of Ebouri Platform
VAALCO Energy announced production at its fields in offshore Gabon, West Africa, has been restored following the transfer of equipment to upgrade the Floating Production, Storage and Offloading facility, also the barge carrying the platform arrived.
8:00 PM EST | June 17, 2008
Vaalco Energy Upgrades FPSO in West Africa
Vaalco Energy will shortly begin a planned upgrade to the FPSO facility serving its Etame and Avouma fields in offshore Gabon, West Africa.
8:00 PM EST | June 09, 2008
VAALCO Energy Announces First Quarter 2008 Earnings
VAALCO Energy Inc. announced that for the first quarter of 2008, net income was $1.8 million or $0.03 per diluted share compared to net income of $4.6 million or $0.08 per diluted share for the comparable period in 2007.
8:00 PM EST | May 08, 2008
VAALCO Plans Major Exploration, Contracts 2 Rigs Offshore Gabon
VAALCO's exploration program, which includes seven exploration wells over the next 12-18 months, will expose the company to in excess of 50 million net barrels, representing an 8-fold potential increase in reserves.
8:00 PM EST | May 08, 2008