Afren is an independent oil and gas exploration and production company listed on the Main Board of the London Stock Exchange.
Focused on Africa – Afren has operations in several African countries encompassing the full-cycle E&P value chain of production, development, appraisal and exploration. Today, Africa is the fastest-growing source of natural resources and a major supplier to the world’s leading markets.
Afren holds a unique position on this continent and not only has close relationships with indigenous companies and suppliers – but also a strong African representation on the Board and management teams. Afren firmly adheres to a strong ethical policy that channels significant resources back into local economies.
Latest Afren PLC News
Oil Price Crude prices were steady last week but very much greenback dictated, the $ strength on Monday clipped over $2 off the price and the weakness on Thursday and Friday reinstated it. WTI expired at $44.84 which could have been worse, the bad oil stock figures continue to be offset by the good... Monday, March 23, 2015
Oil price As we come to the end of a modest down week it is certain that stock levels in the US are creating further weakness in WTI and opening up the discount to Brent to back over $10. It is not yet apparent whether the discount will widen, on one hand the contango is not now wide enough to just... Friday, March 13, 2015
Oil price Firstly apologies, my very short blog yesterday got lost to some addresses due to operator error, I was leaving early for a series of meetings. This meant that for some people the blog came twice, for others they will get two today! The main message from yesterday was on the retail US gas... Wednesday, March 4, 2015
Oil price Friday saw further strength in the oil price on the last day of the month that was to prove one of the best in percentage terms for a long time. With WTI eventually putting in a 3% rise on the month and Brent an impressive 19.7% hike, things appear to be looking up but it could have been ... Monday, March 2, 2015
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Oil price The Baker Hughes rig count almost went into three figures on Friday afternoon giving bulls a welcome run into the Holiday weekend. The US is shut today for Presidents Day, Happy Birthday Mr Washington. So, the rig count fell by 98 units, 84 of them being in oil and 56 in Texas which unsur... Monday, February 16, 2015