21/12/2014 16:31:07 Free Membership Login

Afren News (LSE:AFR)

DateTimeSource
Headline
12/16/20142:31AMALNCAfren Says Hydrocarbons Indicated At Madagascar Block 1101
LONDON (Alliance News) - Afren PLC on Tuesday said it has completed the drilling and coring operations at Madagascar Block 1101, with the presence of hydrocarbons indicated at the site. The FTSE 250-listed oil explorer, which is the operator of the Block 1101 licence, said a total of four strategic zones were drilled at... More...>>
12/15/20147:51AMDJNEUROPE MARKETS: European Stocks Higher As Energy Shares Gain; Technip Climbs
By Carla Mozee, MarketWatch LONDON (MarketWatch) -- European stocks rose Monday, as gains in energy shares aided the Stoxx Europe 600, which is coming off its worst week in more than three years. The Stoxx Europe 600 was up 0.7% to 332.70, poised for its first rise in six sessions. The slide in oil prices to five-year... More...>>
12/02/20148:24AMDJNEUROPE MARKETS: Energy Stocks Drive European Market Higher
By Carla Mozee, MarketWatch LONDON (MarketWatch) -- European stocks rose Tuesday, on track to snap two sessions of losses as energy issues caught a break after a recent patch of relentless selling. The Stoxx Europe 600 gained 0.9% to 348.62, aided by 2.1% drive higher for oil and gas producers. The group has dropped over... More...>>
12/01/201412:58PMDJNEUROPE MARKETS: European Stocks: Miners Fall After Soft China Data, OPEC Fallout
By Carla Mozee, MarketWatch European oil E&P has fallen roughly 35% this year LONDON (MarketWatch) -- European stocks fell Monday, with shares of miners struggling after soft economic data from China, and as oil stocks continue to grapple with a stunning slide in oil prices. Investors also weighed a new round of European... More...>>
12/01/201411:37AMDJNEUROPE MARKETS: European Stocks: Miners Fall After Soft China Data, OPEC Fallout
By Carla Mozee, MarketWatch European oil E&P has fallen roughly 35% this year LONDON (MarketWatch) -- European stocks fell Monday, with shares of miners struggling after soft economic data from China, and oil stocks still reeling as the sector grapples with the stunning slide in oil prices to fresh multiyear lows... More...>>
12/01/20146:40AMDJNEUROPE MARKETS: European Mining Stocks Fall After Soft China Data; Oil Stocks Extends Losses
By Carla Mozee, MarketWatch LONDON (MarketWatch) -- European stocks fell Monday, with shares of natural-resource producers struggling after soft economic data from China and a fresh selloff in oil prices. Investors also weighed a fresh round of economic data from throughout Europe, highlighted by further slowing in manufacturing... More...>>
11/28/20143:25PMDJNEUROPE MARKETS: European Oil Stocks Finish Lower After OPEC Holds Production Target
By Carla Mozee, MarketWatch Eurozone inflation falls in November LONDON (MarketWatch) -- Oil stocks on Europe suffered Friday following a decision by the Organization of the Petroleum Exporting Countries not to cut its 30-million-barrel-a-day production target for oil. The Stoxx Europe 600 oil and gas group was pushed... More...>>
11/11/20143:09AMALNCAfren Remains On Track In Nigeria, Set To Deliver Guidance Next Year
LONDON (Alliance News) - Afren PLC Tuesday said developments at its projects offshore Nigeria are on schedule and reiterated it is on track to deliver its production guidance for 2015. At the Ebok field in offshore Nigeria, Afren and its partner, Oriental Energy Resources Ltd, are expecting its work programme at the Ebok... More...>>
10/30/20144:20AMALNCAfren Pretax Profit Plunges On Lower Production, New CEO Stays Positive
LONDON (Alliance News) - Afren PLC Thursday reported flat net profit for the first nine months of 2014 as a tax exemption credit offset a fall in pretax profit and revenue driven by lower production, and it said it is implementing the recommendations in a recent review of its business practices as it tries to put a recent... More...>>
10/20/20141:38AMALNCPRESS: Afren Potential Takeover Target For Nigerian General - Telegraph
LONDON (Alliance News) - Speculation is intensifying that FTSE 250 oil and gas explorer Afren PLC could become the target of a takeover bid after filings revealed a company founded by a former Nigerian general has amassed a significant shareholding in the business, The Daily Telegraph reported on Saturday. South Atlantic... More...>>
10/14/20142:42AMALNCAfren Confirms CEO, COO, Associate Directors Fired After Payments Review
LONDON (Alliance News) - Afren PLC Tuesday confirmed that it has terminated the employment of Chief Executive Osman Shahenshah and Chief Operating Officer Shahid Ullah with immediate effect, firing them for gross misconduct based on evidence found by a review that unearthed irregular payments and starting legal proceedings... More...>>
10/14/20141:47AMALNCPRESS: Afren Fires CEO, COO After Payments Inquiry - Bloomberg
LONDON (Alliance News) - Afren PLC has fired its chief executive officer and chief operating officer for gross misconduct following an investigation into unauthorised payments, Bloomberg reported on Tuesday. Citing an emailed statement from the company dated Monday, Bloomberg said Afren has fired both Osman Shahenshah... More...>>
10/02/20142:29AMALNCAfren To Return To Normal Staffing Levels At Kurdistan Fields
LONDON (Alliance News) - Afren PLC Thursday said it has started the process of returning to normal staffing levels at the Barda Rash field in the Kurdistan Region of Iraq following an improvement in the security situation in the region. Afren had said on August 8 it would temporarily suspend operations at Barda Rash due... More...>>
09/30/201412:23PMALNCAfren Review Continues, But No New Unauthorised Payments Unearthed
LONDON (Alliance News) - Afren PLC Tuesday said it now expects Willkie Farr & Gallagher (UK) LLP to deliver its detailed report into alleged evidence of unauthorised payments that were potentially for the benefit of some of its executives by mid-October, and so far the review hasn't uncovered any evidence of further unauthorised... More...>>
08/29/20144:11AMALNCAfren Pledges Production Ramp Up, After Profit Drops In First Half
LONDON (Alliance News) - Afren PLC, the oil and gas explorer and producer embroiled in a probe into alleged unauthorised payments that potentially benefited company officials, Friday said it expects to come out stronger once the issues are cleared up, after it reported lower profit for the first half of the year and lowered... More...>>
08/29/20144:11AMALNCAfren Pledges Production Ramp Up, After Profit Drops In First Half
LONDON (Alliance News) - Afren PLC, the oil and gas explorer and producer embroiled in a probe into alleged unauthorised payments that potentially benefited company officials, Friday said it expects to come out stronger once the issues are cleared up, after it reported lower profit for the first half of the year and lowered... More...>>
08/28/20146:36AMALNCAfren Suspends Associate Directors As Payments Probe Continues
LONDON (Alliance News) - Afren PLC Thursday said it has temporarily suspended associate directors Iain Wright and Galib Virani, as its probe into alleged unauthorised payments that potentially benefited company officials continued. The company suspended Chief Executive Osman Shahenshah and Chief Operating Officer Shahid... More...>>
08/09/201410:01AMDJNKurdistan Says Oil Production Remains Unaffected by Militant Push
By Summer Said Oil production in Iraqi Kurdistan remains unaffected despite advances by Islamic State militants nearby that have led some energy companies to halt operations in the semiautonomous region, its Ministry of Natural Resources said Saturday. Oil companies have begun evacuating staff and suspending operations... More...>>
08/08/20144:33AMALNCUPDATE: Afren Suspends Kurdistan Field Operations Due To Rising Tensions
LONDON (Alliance News) - Oil and gas explorer and producer Afren PLC Friday said it had decided to temporarily suspend operations at the Barda Rash filed in the Kurdistan region of Iraq due to the heightened security tensions in the area, although it doesn't expect the move to have a significant impact on its cashflow... More...>>
08/08/20143:00AMALNCAfren Suspends Operations At Kurdistan Field To To Heightened Tensions
LONDON (Alliance News) - Oil and gas explorer and producer Afren PLC Friday said it had decided to temporarily suspend operations at the Barda Rash filed in the Kurdistan region of Iraq due to the heightened security tensions in the area, although it doesn't expect the move to have a significant impact on its cashflow... More...>>


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