Sunday 22 September 2019
 
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Afren

Afren may consider exiting Iraqi Kurdistan: CEO

Afren will consider exiting the Kurdistan region in Iraq and focus on oilfields in Nigeria as it embarks on a restructuring programme, chief executive Alan Linn said.   The company has floundered under a series o

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Afren snags $255m in debt funding, swings to full-year loss

Beleaguered oil producer Afren said it had secured $255 million from its bondholders and was in talks for a wider recapitalisation plan to be completed by the end of July. Afren took nearly $2 billion in impairment charges and wri

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S&P downgrades oil producer Afren

Standard & Poor's downgraded Afren, becoming the second major ratings agency to warn of the oil producer's imminent default.   Afren has lost more than 90 per cent of its market value, or about 1.5 bi

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Afren evaluating options for Iraqi Kurdistan field

British oil and gas producer Afren slashed its resource estimates for its oilfield in Barda Rash in Iraqi Kurdistan and said it was exploring options for the asset.   Afren s

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