Search
Sign in
North Africa
Central Africa
East Africa
West Africa
Southern Africa

VAALCO Energy to Invest $300 Million in Gabon by 2025

Allen dreyfus Logo
© Allen Dreyfus

Kingsley Kobo

Kingsley Kobo is an expert on Francophone West and Central Africa, with over 15 years' experience covering business, finance, politics, tech, and more across both regions.
  • Investment in Etame oil field aims to boost Gabon’s economy
  • Commitment to 80% Gabonisation of workforce

 

Libreville, Gabon – American oil company VAALCO Energy has announced plans to invest up to $300 million in Gabon by 2025. The investment will be focused on the firm’s Etame oil field situated off the coast of Gabon’s capital, Libreville, the company revealed this week during a meeting between CEO George Maxwell and Gabon’s economy minister, Mays Mouissi.

Stay ahead with Real time Updates

Recent Business

Oil rig. Photo @ Pixabay
Senegal markets 2.93m barrels of oil in November as Sangomar output stabilises
10/12/2025
1 hour ago
Alhousseiny Djigo
Read More »
Independence Arch, Accra, Ghana. Photo by Nana Kwandoh @ Unsplash
Ghana’s economy grows 5.5% in Q3 as services and agriculture offset oil slump
10/12/2025
4 hours ago
Joshua Worlasi Amlanu
Read More »
Copper mine. Photo by Jandira Sonnendeck @ Unsplash
DR Congo reshapes copper and cobalt exports with US-backed Mercuria deal
10/12/2025
6 hours ago
Eric Kasongo
Read More »
Custom Research

Recent Politics

African military exercise. Photo by Alexander McKinley @ Unsplash
Can a US-brokered deal finally end the DRC - Rwanda conflict?
09/12/2025
1 day ago
Wanderi Kamau
Read More »
Patrice Talon, President of Benin Photo @Patrice Talon/Facebook
Benin coup attempt foiled as ECOWAS warns of regional force deployment
07/12/2025
3 days ago
Kent Mensah
Read More »
William Ruto, President of The Republic of Kenya. Photo: @ William Ruto/Facebook
Ruto strengthens 2027 re-election bid as UDA sweeps key Kenya by-elections
02/12/2025
1 week ago
Wanderi Kamau
Read More »

Latest Posts

Latest news insights

Oil rig. Photo @ Pixabay
Read More »
Senegal markets 2.93m barrels of oil in November as Sangomar output stabilises
Independence Arch, Accra, Ghana. Photo by Nana Kwandoh @ Unsplash
Read More »
Ghana’s economy grows 5.5% in Q3 as services and agriculture offset oil slump
Copper mine. Photo by Jandira Sonnendeck @ Unsplash
Read More »
DR Congo reshapes copper and cobalt exports with US-backed Mercuria deal
Solar farm. Photo by Michael Förtsch @ Unsplash
Read More »
US backs Morocco solar pivot with $870mn polysilicon play to loosen China’s grip
Independence Arch, Accra, Ghana. Photo by Nana Kwandoh @ Unsplash
Read More »
Ghana’s economy grows 5.5% in Q3 as services and agriculture offset oil slump
Copper mine. Photo by Jandira Sonnendeck @ Unsplash
Read More »
DR Congo reshapes copper and cobalt exports with US-backed Mercuria deal
Solar farm. Photo by Michael Förtsch @ Unsplash
Read More »
US backs Morocco solar pivot with $870mn polysilicon play to loosen China’s grip
Nairobi, Kenya © Unsplash
Read More »
Kenya cuts key rate to 9% as easing inflation boosts lending outlook
Copper mine. Photo by Jandira Sonnendeck @ Unsplash
Read More »
DR Congo reshapes copper and cobalt exports with US-backed Mercuria deal
Solar farm. Photo by Michael Förtsch @ Unsplash
Read More »
US backs Morocco solar pivot with $870mn polysilicon play to loosen China’s grip
Nairobi, Kenya © Unsplash
Read More »
Kenya cuts key rate to 9% as easing inflation boosts lending outlook
Standard Chartered building. Photo @Standard Chartered Media
Read More »
Standard Chartered exits Cameroon, hands over business to Access Bank