The former chief executive and ex-chief operating officer of defunct oil company Afren have been sentenced to up to six years in jail for fraud and money laundering in relation to oil deals ...

Afren plc and its partner, Amni International Petroleum Development (AMNI), on Tuesday announced the signing of a contract with Bumi Armada Berhad for a Floating Production Storage and Offloading ...

Energy exploration firm Afren said production at its Ebok field, offshore Nigeria, had reached around 40,000 barrels per day (bpd), taking its end-2011 net output to some 55,400 barrels of oil ...

Afren has also begun development drilling at its Okoro East field in Nigeria. Broker Investec forecasts full-year pre-tax profits of $468m and EPS of 27.6¢ (from $221m and 12.3¢ in 2011).

Investors have started to recognise this company’s value but its work in the coming months should push it ...