Brooge Energy Limited

Brooge Energy Ltd. operates as an independent oil refinery and storage company. It offers midstream oil storage and services through its subsidiary. The company was founded on April 12, 2019 and is headquartered in Fujairah, United Arab Emirates.

Total comprehensive income for the period totaled USD 37.4 million or USD 0.42 per basic and diluted earnings per share

Brooge Energy Reports 2023 First Six Months Revenue of USD 62.9 Million, an Increase of 122% as Compared to 2022 First Six Months

NEW YORK, Aug. 11, 2023 (GLOBE NEWSWIRE) -- Brooge Energy Ltd, (“Brooge Energy” or the “Company”) (NASDAQ: BROG), a Cayman Islands-based infrastructure provider, which is currently engaged in clean petroleum products and biofuels and crude oil storage and related services, announced today that the Board of Directors has commenced a search for a permanent CEO after Lina S. Saheb has resigned from her positions as interim CEO and a member of the Board of Directors of Brooge Energy Limited and all its subsidiary companies, effective August 8, 2023.

Brooge Energy Announces CEO Transition

NEW YORK, Aug. 02, 2023 (GLOBE NEWSWIRE) -- Brooge Renewable Energy Ltd, (“BRE” or the “Company”) (NASDAQ: BROG), a Cayman Islands-based and wholly-owned subsidiary of Brooge Energy Limited focused on providing green energy related infrastructure intended to accommodate the necessary energy transfer from fossil fuels into energy produced from renewable resources, announced today the successful completion of the Feasibility Study for its Green Ammonia Project in Abu Dhabi, United Arab Emirates.

Brooge Renewable Energy Limited Successfully Concludes Feasibility Study for Green Ammonia Project, Ushering in a Bright and Sustainable Energy Future in UAE

Brooge Energy Limited (NASDAQ:BROG ) Q4 2022 Earnings Conference Call May 4, 2023 10:00 AM ET Company Participants Valter Pinto - Managing Director-KCSA Strategic Communications Lina Saheb - Interim Chief Executive Officer Paul Ditchburn - Chief Financial Officer Conference Call Participants Operator Greetings and welcome to the Brooge Energy 2022 financial results conference call. At this time, all participants are in a listen-only mode.

Brooge Energy Limited (BROG) Q4 2022 Earnings Call Transcript

Management is providing revenue guidance for 2023 of over USD $125 million Management will host a conference call on Thursday, May 4 th at 10 a.m. ET NEW YORK, April 26, 2023 (GLOBE NEWSWIRE) -- Brooge Energy Ltd, (“Brooge Energy” or the “Company”) (NASDAQ: BROG), a Cayman Islands-based infrastructure provider, which is currently engaged in clean petroleum products and biofuels and crude oil storage and related services, announced today its financial results for the year ending December 31, 2022.

Brooge Energy Reports 2022 Revenue of USD $81.5 Million, an Increase of 95% Year-Over-Year, and Provides Outlook for 2023

Company Wins “Best Specialist Liquid Bulk Terminal of the Year 2023” and “Safe and Secure Terminal of the Year” Company Wins “Best Specialist Liquid Bulk Terminal of the Year 2023” and “Safe and Secure Terminal of the Year”

Brooge Energy Ltd Recognized for Multiple Awards at The Global Ports Forum Awards Ceremony in Dubai on March 28th

Unaudited 2022 total revenue, operating income and net income totaled US$79.2 million, US$48.3 million and US$26.2 million respectively

Brooge Energy Ltd Announces Unaudited 2022 Financial Results and 2023 Revenue Guidance for Operating Subsidiary BPGIC FZE

NEW YORK, Feb. 15, 2023 (GLOBE NEWSWIRE) --  Brooge Energy Ltd (“Brooge Energy” or the “Company”) (Nasdaq: BROG), a Cayman Islands-based infrastructure provider, which is currently engaged in clean petroleum products and biofuels and crude oil storage and related services, today announced a partnership through the company's subsidiary Brooge Renewable Energy (“BRE”) with Siemens Energy (“SE”), one of the world's largest energy technology companies, to build a PV solar farm to supply BRE's Green Hydrogen and Green Ammonia project in Abu Dhabi, United Arab Emirates at the World Government Summit 2023 taking place on February 13 – 15, 2023 in Madinat Jumeirah, Dubai, United Arab Emirates.

A Step Toward a Greener Future - Brooge Renewable Energy Ltd and Siemens Energy Announce Partnership at the 2023 World Government Summit to Pioneer Green Hydrogen and Ammonia Initiative in Abu Dhabi

NEW YORK, Jan. 13, 2023 (GLOBE NEWSWIRE) -- Brooge Energy Ltd (“Brooge Energy” or the “Company”) (Nasdaq: BROG), a Cayman Islands-based infrastructure provider, which is currently engaged in clean petroleum products and biofuels and crude oil storage and related services, today announced that on January 11, 2023, the Company received an additional notice of non-compliance from the Listing Qualifications Staff (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) due to the Company not having been able to file interim financial statements for the period ended June 30, 2022 with the Securities and Exchange Commission (the “SEC”) by December 31, 2022, as required by Nasdaq Listing Rule 5250(c)(2) (the “Filing Rule”). The Staff stated that the additional filing delinquency could serve as an additional basis for the delisting of the Company's securities from Nasdaq. The Company was provided with the opportunity to update the Nasdaq Hearings Panel (the “Panel”) regarding the status of its efforts to evidence compliance with the Filing Rule prior to the expiration of the extension previously granted by the Panel on April 26, 2023. The Company plans to timely submit an update to the Panel with respect to its compliance efforts

Brooge Energy Ltd Announces Receipt of Anticipated Nasdaq Delinquency Notice for which the Company Intends to Include in its Nasdaq Prior Granted Extension

NEW YORK, Nov. 23, 2022 (GLOBE NEWSWIRE) -- Brooge Energy Ltd, (“Brooge Energy” or the “Company”) (Nasdaq: BROG), a Cayman Islands-based infrastructure provider, which is currently engaged in clean petroleum products and biofuels and crude oil storage and related services, today announced that on November 22, 2022, the Company was notified that the Nasdaq Hearings Panel (the “Panel”) had granted its request to continue trading of Brooge Energy's securities on Nasdaq at least through the completion of the Company's hearing before the Panel and the expiration of any extension that may be granted by the Panel to the Company following the hearing.

Brooge Energy Ltd Announces Extended Nasdaq Stay

NEW YORK, Nov. 04, 2022 (GLOBE NEWSWIRE) -- Brooge Energy Ltd, (“Brooge Energy” or the “Company”) (Nasdaq: BROG), a Cayman Islands-based infrastructure provider, which is currently engaged in clean petroleum products and biofuels and crude oil storage and related services, today announced that it has received a staff determination letter (the “Letter”) from The Nasdaq Stock Market (“Nasdaq”) dated October 31, 2022. The Company intends to request a hearing  before a Nasdaq Hearings Panel (the “Panel”) at which it will request a further extension of time.  The hearing request will automatically stay any suspension or delisting action through November 22, 2022; however, in connection with the hearing request, the Company will request that the Nasdaq stay remain in effect through the completion of the hearings process and the expiration of any additional extension period granted by the Panel following the hearing.  In the event the extended stay is not granted, the Company will continue to trade on the OTC Markets Expert Market under the same symbol “BROG.”

Brooge Energy Ltd Announces Receipt of Nasdaq Staff Determination Letter

NEW YORK, Oct. 28, 2022 (GLOBE NEWSWIRE) -- Brooge Energy Ltd, (“Brooge Energy” or the “Company”), a Cayman Islands-based infrastructure provider, which is currently engaged in clean petroleum products and biofuels and crude oil storage and related services, today announced that it has engaged  Grant Thornton Financial Advisors LLC, a subsidiary of Grant Thornton LLP, as an independent financial advisor to provide an opinion to the special committee of the Board of Directors as to the fairness from a financial point of view of the consideration to be received by shareholders unaffiliated with the Company's majority shareholder  with respect to its majority shareholder's, BPGIC Holdings Limited, proposal to acquire all the shares of the Company it does not currently own and to take the Company private.

Brooge Energy Ltd Engages Grant Thornton as Independent Advisor to Provide Fairness Opinion on Proposed Go-Private Transaction

NEW YORK, Oct. 25, 2022 (GLOBE NEWSWIRE) -- Brooge Energy Ltd, (“Brooge Energy” or the “Company”), a Cayman Islands-based infrastructure provider, which is currently engaged in clean petroleum products and biofuels and crude oil storage and related services, today announced its unaudited financial results for the nine months ended September 30, 2022.

Brooge Energy Ltd Announces Unaudited Financial Results for the Nine Months Ended September 30, 2022

NEW YORK, Oct. 21, 2022 (GLOBE NEWSWIRE) -- Brooge Energy Ltd, (“Brooge Energy” or the “Company”), a Cayman Islands-based infrastructure provider, which is currently engaged in clean petroleum products and biofuels and crude oil storage and related services, today announced the appointment of Firoze Kapadia as independent board member of the Company and regaining compliance with NASDAQ Listing Rule 5605(b)(1), which requires the Company's board of directors to be comprised of a majority of independent directors. With this appointment, Brooge Energy's board of directors is comprised of seven members, including four independent directors.

Brooge Energy Ltd Appoints Firoze Kapadia as Independent Board Member and Regains Compliance with NASDAQ Listing Rule 5605(b)(1)

NEW YORK, Sept. 21, 2022 (GLOBE NEWSWIRE) --  Brooge Energy Ltd, (“Brooge Energy” or the “Company”), a Cayman Islands-based infrastructure provider, which is currently engaged in clean petroleum products and biofuels and crude oil storage and related services, announced today that it has engaged thyssenkrupp Uhde, a leading German chemical technology and EPC provider, including climate protection, to undertake the technical study of its planned Green Hydrogen and Green Ammonia plant.

Brooge Energy Ltd Engages Thyssenkrupp Uhde to Undertake a Technical Study for its Planned Green Hydrogen and Ammonia Plant in the UAE Using the Latest Technology

Brooge Energy announces that its prior financial statements cannot be relied upon and will be restated

Brooge Energy Receives Expression of Interest from its Majority Shareholder to Acquire its Public Shares and Take the Company Private

NEW YORK, Aug. 11, 2022 (GLOBE NEWSWIRE) -- Brooge Energy Ltd, (“Brooge Energy” or the “Company”), a Cayman Islands-based energy infrastructure service provider, which is currently engaged in clean petroleum products, biofuels, crude oil storage and related services, announced today that it has engaged Ernst & Young (‘EY'), one of the largest professional services providers in the world, to provide consulting services with respect to its planned Green Hydrogen and Green Ammonia plant.

Brooge Energy Ltd Engages Ernst & Young to Undertake Market Research and Feasibility Study for its Planned Green Hydrogen and Ammonia Plant in the UAE

Brooge Energy's facilities in the Port of Fujairah in the United Arab Emirates are secure with no damages

Brooge Energy Ltd. Oil Storage Terminal Infrastructure Proves Outstanding Against Unprecedented Floods in Fujairah

New Subsidiary has signed a preliminary land lease agreement for its planned Green Hydrogen and Ammonia plant in UAE to produce up to 300,000 MT of Green Ammonia per annum once fully completed

Brooge Energy Ltd forms wholly owned subsidiary, “Brooge Renewable Energy Ltd”, to expand its infrastructure and services into Green Energy

Management's revenue enhancing initiative to upgrade its Phase I facility will improve margins going forward by offering higher priced gasoline and clean product storage Management's revenue enhancing initiative to upgrade its Phase I facility will improve margins going forward by offering higher priced gasoline and clean product storage

Brooge Energy Ltd. Announces Strategic Decision to Add Additional Features to Select Storage Tanks at its Phase I Facility

NEW YORK, Jan. 14, 2022 (GLOBE NEWSWIRE) -- Brooge Energy Ltd. (“Brooge Energy” or the “Company”) (NASDAQ: BROG), a midstream oil storage and service provider strategically located outside the Strait of Hormuz, announced today that the Company has been the recipient of the Europe Business Assembly's Best Enterprise award in the oil and gas sector in the United Arab Emirates.  The Europe Business Assembly assesses the business performance of companies and the management teams across various industries and its peer group on an annual basis.

Brooge Energy Ltd. Awarded Best Enterprise by Europe Business Assembly

Brooge Energy is building an oil storage complex in the Fujairah port at the strategic chokepoint of the Strait of Hormuz - arguably the best location in the world. Phase I gave us a glimpse of the great economics. Phase II, just inaugurated, fully contracted, and increasing capacity by 50%, will show up on the next financial report.

Brooge Energy, A Tollbooth At The Hormuz Chokepoint: A Midstream Stock You Do Not Want To Miss

NEW YORK, Nov. 01, 2021 (GLOBE NEWSWIRE) -- Brooge Energy Ltd. (“Brooge Energy” or the “Company”) (NASDAQ: BROG), a midstream oil storage and service provider strategically located outside the Strait of Hormuz, in the Port of Fujairah in the United Arab Emirates (the “UAE”), is pleased to announce that its Board of Directors has appointed Lina Saheb as Deputy Chief Executive Officer effective 28th October 2021.  Prior to this appointment Ms. Saheb served as the Company's Chief Strategy Officer.

Brooge Energy Ltd. Appoints Lina Saheb as Deputy Chief Executive Officer

Facility is currently fully contracted out and generating revenue

Brooge Energy Ltd. Officially Opens Phase II Storage Facility

Global demand for oil storage drives higher fixed storage rates

News for Brooge Energy Limited Stock (BROG)