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TransGlobe Energy Corp.

Full company profile

uuid003hlr8

Namestring
TransGlobe Energy Corp.
Legal namestring
TransGlobe Energy Corp.
Websiteurl
trans-globe.com
Company typeenum
Private
Founded yearint
1968
Descriptiontext

TransGlobe Energy Corp. is an international exploration and production (E&P) company headquartered in Calgary, Canada, founded in 1968. The company is classified as a for-profit entity operating in the upstream oil and gas sector, with a workforce of 51-100 employees and a previously listed presence on the Toronto Stock Exchange under the symbol TSX:TGL, now delisted.

TransGlobe's operations are concentrated in Egypt's upstream oil and gas market, which was valued at USD 12.8 billion in 2024 and is projected to grow at a 4.6% CAGR through 2033. In January 2022, the company secured USD 506 million in oil exploration contracts alongside a USD 67 million grant in partnership with Pharos Energy, formalizing its upstream operating footprint in the North African hydrocarbon basin. The grant component of the award indicates negotiated regulatory access under typical Egyptian concession frameworks.

The company's revenue model derives from the exploration, development, and production of crude oil and natural gas from licensed concessions, with revenue mechanics dependent on production volumes, commodity pricing, and offtake arrangements with regional buyers. As a delisted entity with limited public financial disclosures, the company's current operational scale and revenue trajectory are not visible from external reporting. There is no disclosed AI/ML, software platform, or differentiated technology component; the business is asset- and concession-driven rather than technology-differentiated.

Short descriptiontext

TransGlobe Energy Corp. is a Calgary-based international upstream oil and gas exploration and production company operating primarily in Egypt's hydrocarbon concessions, including USD 506 million in exploration contracts awarded alongside Pharos Energy in January 2022.

Operating statusenum
Unknown
Ownership categoryenum
Headcount rangeband
51–100
akta.pro rankint
HeadquartersCalgary, Canada
HQ citystring
Calgary
HQ countrystring
Canada
HQ regionstring
North America
Markets served

Serves global market

Keyword5 values
upstream oil exploration, hydrocarbon production, crude oil extraction, oil gas E&P, petroleum exploration services
Industry1 code
1Associated Gas Production (Oil-Linked)
CodeEUAAAAABPrimaryYes
NAICS code2 codes
  • Oil and Gas Extraction2111
  • Natural Gas Extraction211130
SIC code2 codes
  • Oil & Gas Field Exploration Services1382
  • Crude Petroleum & Natural Gas1311
Product category
Upstream Oil & Gas Exploration
Social media profiles1 record
Cost components4 values
Operations, Infrastructure, Personnel, Supply Chain
GTM typeB2B
B2B
Offering typeServices
Services
Core offering1 text field

TransGlobe Energy Corp. is an international exploration and production company focused on upstream oil and gas operations in Egypt. The company was jointly awarded contracts valued at USD 506 million plus a USD 67 million grant for oil exploration in Egypt in January 2022, partnering with Pharos Energy to pursue upstream exploration opportunities in Egypt's growing oil and gas market.

Differentiator
Functional benefit
Problem solved
Product overview1 text field

No product or service information for TransGlobe Energy Corp. is available in the provided sources. The available data only includes a news reference indicating that TransGlobe Energy and Pharos Energy were awarded contracts worth USD 506 million plus a USD 67 million grant for oil exploration in Egypt in January 2022.

Product and service1 record
1Egypt Oil Exploration Contract (Joint with Pharos Energy)
CategoryUpstream Oil & Gas Exploration
Description

Upstream oil exploration services conducted in partnership with Pharos Energy under contracts awarded in Egypt's upstream oil and gas market. Targeted at refining, commodity trading, and host government entities sourcing crude oil from Egyptian fields.

Scale indicator1 record

Each record includes

Type, Value, Description, Source

Partnership1 partner
1Pharos Energy
Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2022-01-01
Description

TransGlobe Energy and Pharos Energy were jointly awarded contracts worth USD 506 million plus a USD 67 million grant for oil exploration in Egypt in January 2022. This represents a significant partnership in Egypt's upstream oil and gas sector.

Recent move4 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight3 records

Each record includes

Type, Description

Peers8 records
1IPR Energy Group
TypeDirect peer
Description

Egypt-focused upstream operator active in the Western Desert. Comparable to TransGlobe as a similarly-sized player concentrated on Egyptian exploration and production opportunities.

2Pharos Energy
TypeDirect peer
Description

UK-listed E&P focused on Egypt and Vietnam. Pharos is TransGlobe's joint-venture partner on the USD 506M Egypt exploration contracts and operates in the same Egyptian upstream play type.

3Genel Energy
TypeDirect peer
Description

MENA-focused upstream operator with assets in Iraqi Kurdistan and other regional plays. Comparable in operating model and regional focus to a North-Africa E&P like TransGlobe.

4EnQuest
TypeDirect peer
Description

UK-listed international E&P with North Sea and Malaysia operations. Comparable as a small-to-mid-cap upstream operator pursuing similar production-and-exploration strategies across international jurisdictions.

5Vaalco Energy
TypeDirect peer
Description

Texas-based E&P operating across West and North Africa including Egypt. Same international upstream focus and active Egyptian acreage, making Vaalco the most directly comparable peer to TransGlobe.

6APA Corporation (formerly Apache)
TypeBroad incumbent
Description

Large independent E&P with significant historical Egyptian operations alongside a global portfolio. Comparable in Egyptian acreage but materially larger and geographically diversified.

7Egyptian General Petroleum Corporation (EGPC)
TypeOthers
Description

State oil entity that is effectively TransGlobe's host-government counterparty on Egyptian production-sharing arrangements. Not a competitor but a critical ecosystem participant shaping TransGlobe's contract economics.

8SDX Energy
TypeDirect peer
Description

MENA-focused E&P with producing assets and exploration in Egypt and Morocco. Comparable as a small-cap North Africa operator focused on near-term production and exploration.

Market position
Strengths4 records

Each record includes

Headline, Details, Source

Weaknesses4 records

Each record includes

Headline, Details, Source

Competitive moat3 records

Each record includes

Type, Details

Key risks5 records

Each record includes

Headline, Details, Source

Key highlights5 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Segment1 record

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile1 record

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Core technology
Revenue estimate
Valuation estimate
Number of profiles
No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

TransGlobe Energy Corp.

Upstream Oil & Gas Explorationtrans-globe.com

TransGlobe Energy Corp. is a Calgary-based international upstream oil and gas exploration and production company operating primarily in Egypt's hydrocarbon concessions, including USD 506 million in exploration contracts awarded alongside Pharos Energy in January 2022.

What TransGlobe Energy Corp. does

TransGlobe Energy Corp. is an international exploration and production (E&P) company headquartered in Calgary, Canada, founded in 1968. The company is classified as a for-profit entity operating in the upstream oil and gas sector, with a workforce of 51-100 employees and a previously listed presence on the Toronto Stock Exchange under the symbol TSX:TGL, now delisted.

TransGlobe's operations are concentrated in Egypt's upstream oil and gas market, which was valued at USD 12.8 billion in 2024 and is projected to grow at a 4.6% CAGR through 2033. In January 2022, the company secured USD 506 million in oil exploration contracts alongside a USD 67 million grant in partnership with Pharos Energy, formalizing its upstream operating footprint in the North African hydrocarbon basin. The grant component of the award indicates negotiated regulatory access under typical Egyptian concession frameworks.

The company's revenue model derives from the exploration, development, and production of crude oil and natural gas from licensed concessions, with revenue mechanics dependent on production volumes, commodity pricing, and offtake arrangements with regional buyers. As a delisted entity with limited public financial disclosures, the company's current operational scale and revenue trajectory are not visible from external reporting. There is no disclosed AI/ML, software platform, or differentiated technology component; the business is asset- and concession-driven rather than technology-differentiated.

TransGlobe Energy Corp. firmographics

Firmographics
Name
TransGlobe Energy Corp.
Legal name
TransGlobe Energy Corp.
Website
https://trans-globe.com
Company type
Private
Founded year
1968
Operating status
Unknown
Headcount range
51–100 employees
Short description
TransGlobe Energy Corp. is a Calgary-based international upstream oil and gas exploration and production company operating primarily in Egypt's hydrocarbon concessions, including USD 506 million in exploration contracts awarded alongside Pharos Energy in January 2022.
Ownership category
akta.pro rank

TransGlobe Energy Corp. industry classification

Industry
Product category
Upstream Oil & Gas Exploration
NAICS
Oil and Gas Extraction (2111), Natural Gas Extraction (211130)
SIC
Oil & Gas Field Exploration Services (1382), Crude Petroleum & Natural Gas (1311)
akta.pro primary industry
Associated Gas Production (Oil-Linked) (EUAAAAAB)

Keywords

  • Upstream oil exploration
  • Hydrocarbon production
  • Crude oil extraction
  • Oil gas E&P
  • Petroleum exploration services

Where TransGlobe Energy Corp. is headquartered

Location

Headquarters

HQ city
Calgary
HQ country
Canada
HQ region
North America

Markets served

TransGlobe Energy Corp. business model

Business model
GTM type
B2B
Offering type
Services
Cost components
Operations, Infrastructure, Personnel, Supply Chain

TransGlobe Energy Corp. product offering

Product offering

Core offering

TransGlobe Energy Corp. is an international exploration and production company focused on upstream oil and gas operations in Egypt. The company was jointly awarded contracts valued at USD 506 million plus a USD 67 million grant for oil exploration in Egypt in January 2022, partnering with Pharos Energy to pursue upstream exploration opportunities in Egypt's growing oil and gas market.

Product overview

No product or service information for TransGlobe Energy Corp. is available in the provided sources. The available data only includes a news reference indicating that TransGlobe Energy and Pharos Energy were awarded contracts worth USD 506 million plus a USD 67 million grant for oil exploration in Egypt in January 2022.

Differentiator

Problem solved

Functional benefit

Products and services

  • Egypt Oil Exploration Contract (Joint with Pharos Energy) Upstream oil exploration services conducted in partnership with Pharos Energy under contracts awarded in Egypt's upstream oil and gas market. Targeted at refining, commodity trading, and host government entities sourcing crude oil from Egyptian fields.

Companies that use TransGlobe Energy Corp.

Customer profile

Segments1 record

Ideal customer profiles1 record

TransGlobe Energy Corp. technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

TransGlobe Energy Corp. partnerships and signals

Strategic signal

Partnerships

One partnership is on record.

  • Pharos EnergycoreStrategic or Co-development Partner · 1 January 2022TransGlobe Energy and Pharos Energy were jointly awarded contracts worth USD 506 million plus a USD 67 million grant for oil exploration in Egypt in January 2022. This represents a significant partnership in Egypt's upstream oil and gas sector.

Scale indicators1 record

Recent moves4 records

Expansion highlights3 records

TransGlobe Energy Corp. competitors and assessment

Company assessment

Direct peers

  • IPR Energy Group: Egypt-focused upstream operator active in the Western Desert. Comparable to TransGlobe as a similarly-sized player concentrated on Egyptian exploration and production opportunities.
  • Pharos Energy: UK-listed E&P focused on Egypt and Vietnam. Pharos is TransGlobe's joint-venture partner on the USD 506M Egypt exploration contracts and operates in the same Egyptian upstream play type.
  • Genel Energy: MENA-focused upstream operator with assets in Iraqi Kurdistan and other regional plays. Comparable in operating model and regional focus to a North-Africa E&P like TransGlobe.
  • EnQuest: UK-listed international E&P with North Sea and Malaysia operations. Comparable as a small-to-mid-cap upstream operator pursuing similar production-and-exploration strategies across international jurisdictions.
  • Vaalco Energy: Texas-based E&P operating across West and North Africa including Egypt. Same international upstream focus and active Egyptian acreage, making Vaalco the most directly comparable peer to TransGlobe.
  • SDX Energy: MENA-focused E&P with producing assets and exploration in Egypt and Morocco. Comparable as a small-cap North Africa operator focused on near-term production and exploration.

Broad incumbents

  • APA Corporation (formerly Apache): Large independent E&P with significant historical Egyptian operations alongside a global portfolio. Comparable in Egyptian acreage but materially larger and geographically diversified.

Others

  • Egyptian General Petroleum Corporation (EGPC): State oil entity that is effectively TransGlobe's host-government counterparty on Egyptian production-sharing arrangements. Not a competitor but a critical ecosystem participant shaping TransGlobe's contract economics.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights5 records

Customer concentration

TransGlobe Energy Corp. social profiles

Digital presence

TransGlobe Energy Corp. financial estimates

Financial estimate

Revenue estimate

Valuation estimate

TransGlobe Energy Corp. leadership team

Management profile

Number of profiles

TransGlobe Energy Corp. funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

TransGlobe Energy Corp. M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about TransGlobe Energy Corp.

What does TransGlobe Energy Corp. do?

TransGlobe Energy Corp. is an international exploration and production company focused on upstream oil and gas operations in Egypt. The company was jointly awarded contracts valued at USD 506 million plus a USD 67 million grant for oil exploration in Egypt in January 2022, partnering with Pharos Energy to pursue upstream exploration opportunities in Egypt's growing oil and gas market.

Is TransGlobe Energy Corp. a public or private company?

TransGlobe Energy Corp. is a private company. It is classified as unknown and is currently unknown.

When was TransGlobe Energy Corp. founded?

TransGlobe Energy Corp. was founded in 1968. It employs 51 to 100 people.

Where is TransGlobe Energy Corp. based?

TransGlobe Energy Corp. is headquartered in Calgary, Canada, in the North America region.

Who are TransGlobe Energy Corp.'s main competitors?

Direct peers on record are IPR Energy Group, Pharos Energy, Genel Energy, EnQuest, Vaalco Energy and SDX Energy. APA Corporation (formerly Apache) is listed as a broad incumbent. Egyptian General Petroleum Corporation (EGPC) is listed as an others.

Does TransGlobe Energy Corp. have an API?

No public API is recorded for TransGlobe Energy Corp..

What industry is TransGlobe Energy Corp. in?

TransGlobe Energy Corp.'s product category is Upstream Oil & Gas Exploration. Its primary akta.pro industry code is EUAAAAAB, Associated Gas Production (Oil-Linked). Its NAICS code is 2111 and its SIC code is 1382.

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Live signals
GlobeNewswireHorizon Sets the Record Straight on Statements Made by TransGlobe Energy CorporationHorizon Partners issued a public statement responding to TransGlobe's September 16 press release, repeating its call for shareholders to vote against the proposed Vaalco acquisition. Horizon argues the deal undervalues TransGlobe, citing a potential monetization of up to CAD 4.68 per share from assets and cash flows. The special meeting is scheduled for September 29, 2022.GlobeNewswireHorizon calls upon all TransGlobe Energy Corporation shareholders to VOTE AGAINST the Proposed Transaction with Vaalco Energy, Inc.Horizon Partners urged TransGlobe Energy shareholders to vote against a proposed Vaalco acquisition, citing undervaluation and speculative share consideration. Horizon estimates TransGlobe could monetize CAD 5.09 to 5.71 per share in cash within 12 months, versus the proposed CAD 4.10 per share. It also proposed alternatives including a Canadian business sale and Egyptian government payment.PR NewswireSHAREHOLDER INVESTIGATION NOTICE: Halper Sadeh LLP Investigates HIL, RFP, SFT, EGYHalper Sadeh LLP, an investor rights law firm, announced investigations into four separate corporate transactions for potential violations of federal securities laws and/or breaches of fiduciary duties to shareholders. The transactions under scrutiny include Hill International's sale to Global Infrastructure Solutions Inc. for $2.85 per share, Resolute Forest Products' sale to Domtar Corporation, Shift Technologies' merger with CarLotz, and VAALCO Energy's merger with TransGlobe Energy Corporation. The law firm is seeking shareholders of the involved companies to discuss their legal rights and options, potentially seeking increased consideration or additional disclosures on behalf of shareholders.PR NewswireSHAREHOLDER INVESTIGATION NOTICE: Halper Sadeh LLP Investigates VMW, ZEN, EGY, FBMSInvestor rights law firm Halper Sadeh LLP announced investigations into four pending corporate transactions for potential violations of federal securities laws and/or breaches of fiduciary duties to shareholders. The transactions under scrutiny include Broadcom Inc.'s proposed acquisition of VMware, Inc., Permira and Hellman & Friedman LLC's buyout of Zendesk, Inc., VAALCO Energy's merger with TransGlobe Energy Corporation, and First Bancshares' acquisition of Heritage Southeast Bancorporation.GlobeNewswireTransGlobe Energy Corporation Operations UpdateTransGlobe Energy reported Q2 2021 production of 13,077 boepd, with Egypt output rising to 11,541 boepd and Canada at 2,350 boepd. The company drilled two development wells in Egypt and expects new Canadian wells to start production in October 2021.GlobeNewswireTransGlobe Energy Corporation Announces an Operations UpdateTransGlobe Energy reported production of 12,658 boepd through June 21, 2021, up from 12,221 in Q1 2021, driven by well optimization and new completions. The company drilled two development wells in Egypt and is evaluating an exploration well in Q4 2021. CEO Randy Neely expects the consolidated PSC ratification in H2 2021.Benzinga3 Penny Stocks For The Oil BreakoutThe article identifies three oil-related companies—EnLink Midstream, TransGlobe Energy Corporation, and Tellurian Inc.—as potential beneficiaries of a breakout in oil prices above the $66 per barrel resistance level. It suggests that as oil prices rise, these stocks may also break through their respective technical resistance points to move higher. The content provides technical analysis rather than reporting on specific corporate events or operational changes.GlobeNewswireTransGlobe Energy Corporation Announces AGM Voting Results and Confirmation of Board ChangesTransGlobe Energy Corporation reported its AGM voting results on May 7, 2021, with all resolutions passed. Directors David B. Cook, Randall C. Neely, Ross G. Clarkson, Edward D. LaFehr, Timothy R. Marchant, and Steven W. Sinclair were re-elected, and BDO Canada LLP was appointed as auditor. Carol Bell did not stand for re-election and is no longer a director.GlobeNewswireTransGlobe Energy Corporation Announces First Quarter 2021 Financial and Operating Results for the Three Months Ended March 31, 2021TransGlobe Energy reported a Q1 2021 net loss of $11.0 million and average production of 12,221 boe/d, down 1% from the prior quarter. Sales averaged 9,691 boe/d at $48.47/boe, and the company ended with $28.7 million in cash and 455.7 Mbbls of inventory. It expects to sell a ~499 Mbbl cargo in May 2021.GlobeNewswireTransGlobe Energy Corporation Announces Year End 2020 Financial and Operating ResultsTransGlobe Energy reported 2020 production of 13,425 boe/d, down 16% from 2019, and a net loss of $77.4 million. Average realized price fell 35% to $33.41/boe, and inventory dropped to 227.9 Mbbls. The company also announced a merged concession agreement awaiting Egyptian Parliament ratification.