Search results for: Vaalco Energy

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  • 25 January 2018
    Business & Finance

    Vaalco Energy has informed that its 2017 year-end proved oil reserves increased by 15 percent compared to the prior-year.

  • 4 January 2017
    Business & Finance

    Houston-based Vaalco Energy has appointed a new Chief Executive Officer and board member, effective December 29, 2016. Vaalco said on Tuesday that Cary Bounds was named as the company’s new CEO. Bounds served as the Chief Operating Officer of Vaalco for the past 18 months and as the interim CEO for the past five months. To […]

  • 9 August 2011
    Business & Finance

    VAALCO Energy, Inc. today reported net income attributable to VAALCO of $11.8 million, or $0.20 per diluted share, for the second quarter of 2011 compared to a net income attributable to VAALCO of $10 million, or $0.18 per diluted share, for the comparable period in 2010. Second quarter 2011 revenues were $58.5 million compared to […]

  • 6 January 2017
    Project & Tenders

    Houston-based Vaalco Energy has restarted production at the Avouma 2-H well on the Avouma platform offshore Gabon after a replacement of the electric submersible pump (ESP) system. Vaalco said on Thursday that the replacement was done via a hydraulic workover unit and that the well is currently producing at a rate of 2,700 barrels of […]

  • 9 July 2020
    Business & Finance, Business developments & projects, Regulation & policy, Rules & Regulation

    Houston-based oil and gas company Vaalco Energy has regained compliance with the NYSE continued listing standards following a listing warning from the end of April 2020.

  • 15 August 2016

    Houston-based oil and gas company Vaalco Energy received notification on August 9, 2016, from the New York Stock Exchange (NYSE) that the price of the company’s common stock has fallen below the NYSE’s continued listing standard. The NYSE requires that the average closing price of a listed company’s common stock not be less than $1.00 […]

  • 27 January 2016

    VAALCO Energy (VAALCO), an oil production company, is putting off its offshore Gabon Etame Marin Crude Sweetening Project (CSP) until oil prices recover to levels that support positive economic returns.  “Although over 15 potential solutions were identified and evaluated to remove hydrogen sulfide (H2S) from produced fluids, none are economic in the current depressed oil price […]

  • 29 November 2016

    Houston-based oil and gas company Vaalco Energy is hoping to restart production at the Avouma platform at the Etame Marin Permit, offshore Gabon, by the end of the year following a shutdown caused by issues with an electrical submersible pump.  Earlier this year, Vaalco experienced issues at its Avouma platform well due to a recurring problem with an electrical submersible […]

  • 4 August 2010

    VAALCO Energy, Inc.  today provided a further update on the Southeast Etame No. 1 (“ETSEM-1”) exploration well which, as previously announced, was drilled to a total depth of 2,757 meters (9,045 feet) offshore Gabon encountering approximately five meters (sixteen feet) of Gamba sandstone section which logged oil full to base. VAALCO has completed a second […]

  • 11 April 2017
    Business & Finance

    Houston-based oil and gas company Vaalco Energy has once again received a notification from the New York Stock Exchange (NYSE) that the price of the company’s common stock has fallen below the NYSE’s continued listing standard. This is not the first time Vaalco received such a notification. Last time the NYSE sent such a notification […]

  • 27 January 2020
    Business & Finance

    Houston-based oil and gas company Vaalco Energy has named a new president of the company, effective February 1, 2020.

  • 17 April 2015

    VAALCO Energy Inc, a Houston based oil and gas company reported today that Russell Scheirman has announced his retirement as President and Chief Operating Officer (COO). He said that he will not stand for re-election as a director at the Annual Meeting of Stockholders, and will step down from the Board of Directors immediately following […]

  • 22 March 2019
    Business & Finance

    Chief financial officer (CFO) of Houston-based oil company Vaalco Energy has decided to resign from the company.

  • 3 August 2016

    Vaalco Energy has informed that Steve Guidry, the company’s Chief Executive Officer (CEO), will retire from the company and Board of Directors effective September 1, 2016.  According to Vaalco’s statement on Wednesday, Guidry joined Vaalco as CEO in October 2013 after having worked for 33 years at Marathon Oil Corporation in a number of senior […]

  • 27 April 2020
    Business & Finance, Business developments & projects

    Houston-based oil and gas company Vaalco Energy has received a continued listing warning from the New York Stock Exchange (NYSE).

  • 29 November 2017

    Vaalco Energy has completed workover operations on two wells offshore Gabon but experienced failure on another well last week.

  • 3 July 2017
    Business & Finance

    Houston-based oil and gas company Vaalco Energy received notification on June 28, 2017, from the New York Stock Exchange (NYSE) that the price of the company’s common stock has fallen below the NYSE’s continued listing standard. This is the second time this year that Vaalco has received such a notice. Last time the NYSE sent […]

  • 8 November 2007

    VAALCO Energy, Inc., announced that for the third quarter of 2007 its net income was $8.8 million or $0.15 per diluted share, compared to $13.6 million or $0.22 per diluted share for the comparable period in 2006. Third-quarter 2007 revenues were $34.8 million compared to $25.6 million in the third quarter of 2006. VAALCO sold […]

  • 17 June 2010
    Equipment, Project & Tenders

    VAALCO Energy, Inc. announced today the Southeast Etame No. 1 (“ETSEM-1”) exploration well completed drilling to a total depth of 9,045 feet (2,757 meters) offshore Gabon and encountered approximately sixteen feet (five meters) of Gamba sandstone section which logged oil full to base. The ETSEM-1 well is being drilled on a prospect within the boundaries […]

  • 5 June 2018
    Business & Finance

    Vaalco Energy has received notification from the New York Stock Exchange (NYSE) that it has regained full compliance with all of the NYSE’s continued listing standards. 

  • 9 June 2014
    Business & Finance

    VAALCO Energy, Inc. today announced that the Board of Directors has appointed Steven P. Guidry, VAALCO’s Chief Executive Officer, to the additional role of Chairman of the Board.  VAALCO also announced that the Board has determined that James B. Jennings will continue in his current role as Lead Director. In addition, the Board and management […]

  • 26 September 2018

    Vaalco Energy has been awarded a ten-year extension for the Etame exclusive exploitation areas through 2028 from the government of Gabon.