LONDON, Jan 28 (Reuters) - Africa-focused oil and gas explorer Afren said it exceeded production expectations in 2009 and set up a joint venture in Nigeria, cementing its position as a major ...

Afren Plc may have to raise as much as $450 million after the oil drilling company said it wants to defer loan and bond payments in coming days, according to JPMorgan Chase & Co. The company ...

LONDON — Two former executives of oil company Afren have been charged with fraud relating to over $400 million-worth (£300 million) of business deals that allegedly led to the collapse of the ...

Indications emerged weekend that Afren Plc may be sold in bits as no company has agreed to acquire it because of its current financial crisis. Afren is an oil and gas company specialising in oil ...

(Bloomberg) -- A U.K. court sentenced the top two executives at collapsed oil and gas producer Afren Plc to as much as six years in prison for masterminding what prosecutors called an elaborate ...

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A hectic year of dealmaking and expanded production in Nigeria helped Afren deliver record profits and ...

Two former Afren oil executives who laundered $45m (£34.83m) after deceiving the now collapsed company into a fraudulent $300m deal have today been found guilty. Former chief executive Osman ...

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Investors expecting to retrieve any value from their holdings in Afren, the scandal-hit oil explorer that ...

Afren plc announced that the Ebok North Fault Block exploration well, offshore south east Nigeria, has encountered 370 feet true vertical thickness (TVT) of net oil pay in excellent quality ...

LONDON, April 15 (Reuters) - Oil and gas company Afren Plc said it raised 84.8 million pounds ($126 million), before commissions and expenses, in a share placing that will help finance the ...

Gunvor Group Ltd., the commodities trader looking to shift away from Russian crude, is interested in the African assets of insolvent oil explorer Afren Plc. Gunvor has until Aug. 17 to submit an ...

Afren's chairman Egbert Imomah – whose departure was announced this morning – has detailed the series of problems that plagued the company last year, saying it had been “far from what we ...