Articles from Brooge Energy Limited

NEW YORK, June 05, 2024 (GLOBE NEWSWIRE) -- Brooge Energy Ltd, (“Brooge Energy” or the “Company”) is a Cayman Islands-based infrastructure provider, which is engaged in Clean Petroleum Products and Biofuels and Crude Oil storage and related services. The Company conducts the business and operations through its subsidiary Brooge Petroleum and Gas Investment Company FZE (BPGIC), which is strategically located outside the Strait of Hormuz at the Port of Fujairah in the Emirate of Fujairah in the UAE. The Company announced today that it has received a letter from The Nasdaq Stock Market dated May 23, 2024 (the “Notice”), stating that the Company is not in compliance with Listing Rule 5250(c)(1). The Company is not in compliance as it has not yet filed its Form 20-F for the period ended December 31, 2023 (the “Filing”).

NEW YORK, Dec. 14, 2023 (GLOBE NEWSWIRE) -- Brooge Energy Ltd, (“Brooge Energy” or the “Company”) (NASDAQBROG), 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 Alexander Lawson and Guy Wall to the Board of Directors, effective December 14, 2023. Dr. Yousef Al Assaf has resigned as Chairman and Director of the Board of Directors effective December 11, 2023.

NEW YORK, Oct. 18, 2023 (GLOBE NEWSWIRE) -- Brooge Energy Ltd, (“Brooge Energy” or the “Company”) (NASDAQBROG), 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 the services of Freshfields Bruckhaus Deringer (“Freshfields”), a renowned global law firm, as its legal advisor to advise on the acquisition transaction proposed by Gulf Navigation Holding PJSC (“GULFNAV”).

NEW YORK, Oct. 03, 2023 (GLOBE NEWSWIRE) -- Brooge Energy Ltd, (“Brooge Energy” or the “Company”) (NASDAQBROG), 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 receiving a formal proposal submitted by Gulf Navigation Holdings PJSC (“GULFNAV”), the Dubai Financial Market listed maritime and shipping company, to acquire fully all of the businesses  and assets from Brooge Energy Limited (“BEL”).

NEW YORK, Aug. 11, 2023 (GLOBE NEWSWIRE) -- Brooge Energy Ltd, (“Brooge Energy” or the “Company”) (NASDAQBROG), 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.

NEW YORK, Aug. 02, 2023 (GLOBE NEWSWIRE) -- Brooge Renewable Energy Ltd, (“BRE” or the “Company”) (NASDAQBROG), 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.

NEW YORK, May 01, 2023 (GLOBE NEWSWIRE) -- Brooge Energy Ltd, (“Brooge Energy” or the “Company”) (NASDAQBROG), 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 received formal notice, dated April 27, 2023, (the “Notice”) from the Nasdaq Hearings Panel of The Nasdaq Stock Market LLC, stating that the Company is in compliance with Listing Rule 5250(c)(1) as a result of filing its Form 20-F for the period ended December 31, 2022, which included the Audited Financials for the year ended December 31, 2021. The Company has also filed its Interim Financials for the period ended June 30, 2022, as required by Listing Rule 5250(c)(2). The Company is now in compliance with all applicable listing standards and will continue to be listed and traded on the Nasdaq Stock Market.

NEW YORK, April 05, 2023 (GLOBE NEWSWIRE) -- Brooge Energy Ltd, (“Brooge Energy” or the “Company”) (NASDAQBROG), 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 technical study of its Green Hydrogen and Green Ammonia plant conducted by thyssenkrupp Uhde (“thyssenkrupp”) has been completed and delivered.

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

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

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.

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

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.

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.”

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. 

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.

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.