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 Further weakness yesterday as the Chinese factory sector numbers contracted for the first time in seven months which was just what the oil bears needed. If you dont like falling through round numbers its not your morning as not only has WTI gone through $55 but Brent is below $60 this mor... Tuesday, December 16, 2014
Afren plc announce the completion of its drilling and coring operations and the discovery of oil in two boreholes drilled on the block. A total of four strategic locations on Block 1101, which measures some 11,200 km² (2.8 million acres), were successfully drilled and cored to an aggregate dep... Tuesday, December 16, 2014
Afren plc provide the market with an update on its operations at Ebok, Okwok and OML 115, all located offshore Nigeria. Ebok Central Fault Block Extension platform jacket installed At the Ebok field, following a favourable weather window, Afren and its Partner, Oriental Energy Resources Limited (O... Tuesday, November 11, 2014
Oil price Crude prices are back at their lows after various comments and actions yesterday. Iraq followed Saudi Arabia's move on pricing by cutting prices to US customers whilst holding them or increasing to European and Asian buyers, this should come as no surprise. Meanwhile the Opec Secretar... Tuesday, November 11, 2014
All Afren PLC News
Oil price Having bounced off those inconvenient key support levels the oil price has actually behaved quite well especially after the Chinese economic data was pretty poor over the weekend. The one piece of Chinese data I did like was the crude oil import stats which vindicated my view that the cou... Monday, November 10, 2014