Afren News

Oil rig

Is now the right time to buy Afren?

Afren’s shares have fallen in value by almost 99% over the past year, as the oil and gas producer defaulted on its interest payments.

Alan Linn, CEO, Afren

Nigeria-focused oil producer Afren appoints industry veteran Alan Linn as CEO

Afren, the financially distressed oil and gas explorer, on Tuesday appointed industry veteran Alan Linn as its next chief executive amid talks to conclude a recapitalisation plan for the London-listed company.

Bryant (ABC) Orjiako, Chairman, Seplat

Seplat's Chairman ABC Orjiako on recent acquisitions and growth targets (Video)

Seplat‘s Chairman, ABC Orjiako, speaks about Seplat’s recent acquisitions of oil blocks OMLs 53 and 55, the development of gas operations, and hopes to meet a production target of 85,000 barrels a day by 2017.

Offshore oil rig

Afren ends talks with Nigeria's Seplat Petroleum over potential sale

Oil producer Afren Plc said it had ended talks with Nigeria’s Seplat Petroleum Development Co Plc over a potential sale of the company.

Bryant (ABC) Orjiako, Co-Founder & Chairman of Seplat

Nigeria's Seplat gets more time to make an offer for Afren

British oil producer Afren Plc said the UK Takeover Panel extended the deadline for Nigeria’s Seplat Petroleum Development Co to make a firm offer or walk away.

Bryant (ABC) Orjiako, Co-Founder & Chairman, Seplat

Nigeria's Seplat confirms interest in British oil producer Afren

Seplat Petroleum Development Co Plc confirmed that it was interested in British oil producer Afren Plc.

Afren

Afren shares jump 11% on preliminary offer from Nigeria's Seplat

Oil producer Afren Plc said it had received a preliminary offer for the company from Nigerian oil and gas explorer Seplat Petroleum Development Co Plc.

London Stock Exchange (LSE)

London Stock Exchange to pursue African company listings

The London Stock Exchange is launching an aggressive attempt to increase the number of listings of African companies in the UK, following strong interest from institutional investors in a recent wave of initial public offerings from the region.

Wale Tinubu, CEO, Oando

Oando moves to Nigeria's top league with $1.5B ConocoPhillips deal

Nigerian oil company Oando completed a $1.5 billion deal to buy ConocoPhillips’s assets in Nigeria on Wednesday, catapulting it to be one of the top players in the West African country’s emerging indigenous oil and gas exploration industry.

Oil and Gas

Oando completes $1.65B acquisition of ConocoPhillips' Nigerian assets

Nigerian oil company Oando (OANDO.LG) completed a $1.5 billion deal to buy ConocoPhillips’s assets in Nigeria on Wednesday, catapulting it to be one of the top players in the West African country’s emerging indigenous oil and gas exploration industry.

Wale Tinubu, CEO, Oando

Oando Shares Surge on the Nigerian Stock Exchange following approval of $1.65B Acquisition of ConocoPhillips Nigeria

Shares in Oando Plc rose the maximum 10 percent allowed on Nigeria’s stock exchange on Friday after the oil firm said it had won government approval to complete a $1.65 billion acquisition of ConocoPhillips’ Nigerian assets.