Afren news
You're looking for news related to Afren, a British oil and gas company that was acquired by Vitol Group in 2015. Here are some recent news articles and updates about Afren:
Recent News:
- Vitol Group sells Afren's Nigerian assets: In 2020, Vitol Group sold Afren's Nigerian assets to Seplat Petroleum Development Company for $400 million. (Source: Bloomberg)
- Afren's former CEO pleads guilty to fraud: In 2019, Afren's former CEO, Osman Shahenshah, pleaded guilty to fraud charges related to a $2.5 billion loan from a Russian bank. (Source: The Guardian)
- Afren's Nigerian assets face production challenges: In 2018, Afren's Nigerian assets faced production challenges due to pipeline issues and theft. (Source: Reuters)
Past News:
- Afren's acquisition by Vitol Group: In 2015, Vitol Group acquired Afren for $1.5 billion, marking one of the largest deals in the oil and gas sector that year. (Source: Financial Times)
- Afren's financial struggles: In 2014, Afren faced financial struggles due to declining oil prices and debt issues. (Source: The Telegraph)
- Afren's Nigerian operations: In 2013, Afren's Nigerian operations were affected by a pipeline leak and theft, leading to production disruptions. (Source: Bloomberg)
Please note that Afren is no longer an independent company, as it was acquired by Vitol Group in 2015. Therefore, there may not be as much recent news about the company.