Post Tagged with: "Ticker: EGY"

VAALCO Energy Increases Share in Flagship Asset by 11%

VAALCO Energy Increases Share in Flagship Asset by 11%

VAALCO finances purchase of 3.23% participating interest with $5 million loan and cash on hand

Houston—based VAALCO Energy (ticker: EGY) announced today that the company purchased an additional 3.23% interest in its flagship Etame asset located offshore of the Republic …

VAALCO Energy Beats Production Guidance, Set to Wind Down Capex

VAALCO Energy Beats Production Guidance, Set to Wind Down Capex

Raises Production Guidance for 2015

VAALCO Energy (ticker: EGY) reported average production volumes of 4,800 BOEPD in its Q3’15 results on November 9, 2015, marking a sequential increase of 6% from the prior quarter. The volumes surpassed the high end …

Shell Ramps up African Offshore Drilling with 50 MBOPD Expansion; VAALCO’s North Tchibala 1-H Well Producing Offshore Gabon

Shell Ramps up African Offshore Drilling with 50 MBOPD Expansion; VAALCO’s North Tchibala 1-H Well Producing Offshore Gabon

Shell starts third phase offshore Nigeria in Bonga field

Royal Dutch Shell (ticker: RDSA) said today that it is starting the third phase of its Bonga field production offshore Nigeria. The third phase of the project will have a peak …

Offshore Rigs Moving out of the Gulf of Mexico

Offshore Rigs Moving out of the Gulf of Mexico

U.S. GOM share of global offshore rigs is falling

The number of active offshore rigs in the Gulf of Mexico (GOM) has been steadily declining since 2000, according to a release from the Energy Information Administration (EIA). Over the past …

VAALCO Energy Reports First Production from SEENT Platform Offshore Gabon

VAALCO Energy Reports First Production from SEENT Platform Offshore Gabon

VAALCO Energy (ticker: EGY), a Houston-based exploration and production company with operations in West Africa, has commenced production from its Southeast Etame/North Tchibala (SEENT) platform offshore Gabon. The Southeast Etame 2-H well returned 3,400 BOPD and is not producing any …