Energy, Utilities & Environment

Houston – October 12, 2026 -- VAALCO Energy (NYSE: EGY, LSE: EGY) has brought the Ebouri-5H development well online offshore Gabon at an initial rate above 8,000 gross barrels of oil per day (BOPD), or 4,700 BOPD net to the company, with very low water cut.

Ebouri-5H hits 300 meters of net pay in Gamba sands

The well was drilled at the top of the Ebouri structure with a 300-meter lateral of net pay in high-quality Gamba sands. VAALCO completed the well and placed it on production as part of its ongoing Gabon drilling campaign.

Rig moves to SEENT platform for two development wells

The rig has been mobilized to the SEENT platform, where VAALCO plans to drill two development wells. The first, ETBNM-3, is planned as a directionally drilled slant well adjacent to the GMF-1X discovery well. It targets gas and condensate resources in the Dentale D15 reservoir from the crest of the North Tchibala structure.

Houston – October 12, 2026 -- Vaalco Energy, Inc. (NYSE: EGY, LSE: EGY) will hold non-deal roadshow meetings with prospective investors in New York on June 24 and 25, and has posted an updated investor presentation to its website.

Vaalco schedules two days of New York investor meetings

The Houston-based independent energy company said the meetings are non-deal sessions with prospective investors. The source gives no details on attendees, financial targets or transaction plans tied to the visit.

Updated presentation covers assets in four African countries

The refreshed investor presentation is available on the company's investor relations site. Vaalco's portfolio of production, development and exploration assets spans Gabon, Egypt, Côte d'Ivoire and Equatorial Guinea. The company's shares trade on both the New York Stock Exchange and the London Stock Exchange under the ticker EGY.

Houston – October 12, 2026 -- VAALCO Energy has placed the ETBNM-3 gas-supply well in offshore Gabon on production, securing enough gas for field operations, liftings and power needs and cutting reliance on higher-priced diesel.

ETBNM-3 reservoir quality exceeds pre-drill estimates

The well targets the Dentale D-15 reservoir in the crestal portion of the North Tchibala structure. Vaalco reported strong porosity and permeability and more than 10 meters of net reservoir pay, both above pre-drill estimates.

The well adds no production or sales directly. CEO George Maxwell said it should improve field uptime and could lift output from existing wells over time by displacing diesel.

Houston – October 12, 2026 -- Vaalco Energy declared a third-quarter 2026 cash dividend of $0.0625 per share, equal to $0.25 annualized, marking its 19th consecutive quarterly payout.

Vaalco sets September 22 payment date for record holders on August 21

The dividend is payable on September 22, 2026, to stockholders of record at the close of business on August 21, 2026. The company trades on both the NYSE and the London Stock Exchange under the ticker EGY.

Houston – – October 12, 2026 -- Vaalco Energy reported Q2 2026 net income of $42.4 million ($0.39 per diluted share), against a net loss of $93.8 million ($0.90 per share) in Q1. Adjusted EBITDAX rose almost fivefold to $54.8 million from $11.6 million. In Q2 2025, the company earned $8.4 million ($0.08 per share).

Sales volumes rise 47% as Côte d'Ivoire production resumes

Vaalco sold 17,812 net revenue interest (NRI) barrels of oil equivalent per day (BOEPD) in Q2, above the midpoint of guidance and 47% higher than in Q1. Production reached 21,796 working interest BOEPD, or 16,688 NRI BOEPD, about 10% above Q1. Q2 included two liftings in Gabon and higher sales in Egypt.

Production at the Baobab field offshore Côte d'Ivoire restarted in June 2026 after a major refurbishment of the floating production storage and offloading vessel (FPSO). The first crude lifting from the field is scheduled for August 2026.

Houston – October 12, 2026 -- Vaalco Energy's ETSEM-3H development well offshore Gabon has stabilized at about 2,000 gross barrels of oil per day (BOPD), or 1,140 BOPD net to the company, completing the Phase 3 drilling program.

ETSEM-3H hits 300 meters of net pay in SE Etame attic position

The well was drilled, completed and placed on production in an attic position within the SE Etame field. Its lateral wellbore penetrated 300 meters of net pay in high-quality Gamba reservoir sands. ETSEM-3H is the final well of the Phase 3 campaign.

The Borr Norve drill rig has been demobilized from the field.

Vaalco starts Baobab Phase 5 drilling offshore Côte d'Ivoire

Operations in the Baobab Phase 5 campaign have begun, with the operator batch-setting top-holes. Once the top-hole sections of all wells are drilled, the wells will be completed and placed on production sequentially.

Columbus – October 12, 2026 -- American Electric Power (Nasdaq: AEP) has launched a registered underwritten offering of $2.6 billion of common stock, structured around forward sale agreements with three banks.

BofA, Goldman Sachs and Morgan Stanley lead the underwriting

BofA Securities, Goldman Sachs & Co. LLC and Morgan Stanley are acting as joint book-running managers. Subject to certain conditions, the forward counterparties or their affiliates are expected to borrow all shares from third parties and sell them to the underwriters.

Columbus – – October 12, 2026 -- American Electric Power, acting for its subsidiary Southwestern Electric Power Company (SWEPCO), has opened a request for proposals to build, operate and maintain a natural gas pipeline lateral serving the Benton Unit 1 CCGT Natural Gas Project in Bossier Parish, Louisiana.

Gas Facilities will supply the plant's primary fuel

The scope covers the pipeline lateral and associated natural gas facilities, which the source collectively calls the "Gas Facilities." Once built, they will deliver natural gas as the primary fuel for the Benton Unit 1 combined-cycle plant.

Bidders must also offer mainline firm transportation capacity

The proposal package also seeks offers of mainline firm transportation capacity. Respondents can therefore pair physical construction and operation of the lateral with upstream capacity commitments.

Corpus Christi – October 12, 2026 -- AEP Texas, a subsidiary of American Electric Power (Nasdaq: AEP), has agreed to a loan of up to $3.26 billion from the U.S. Department of Energy's Office of Energy Dominance Financing, with projected customer savings of $685 million over 30 years.

The financing will fund a portfolio of nearly 100 projects aimed at improving grid reliability and supporting load growth in one of the fastest-growing regions in the United States.

AEP Texas plans work on about 2,800 miles of transmission lines

The utility intends to rebuild or reconductor existing transmission lines and build new ones, covering approximately 2,800 miles. The investment is projected to increase the capacity of existing transmission infrastructure and reduce power interruptions for customers.

Columbus – October 12, 2026 -- American Electric Power (Nasdaq: AEP) placed in the top three among electric utilities for both employee satisfaction and financial performance in TIME's America's Best Companies 2026 list.

TIME and Statista build ranking on three measures

TIME partnered with Statista to compile the list, which scores companies on employee satisfaction, financial performance and sustainability. The employee component draws on survey feedback from more than 200,000 employees at companies in the United States.

The financial component uses multi-year results rather than a single reporting period. The sustainability component applies standardized metrics covering environmental, social and governance performance.