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.

NEW YORK, Sept. 10, 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”), today announced that it will release its financial results for the six months ended June 30, 2021 on Monday, September 13, 2021. The Company will host a conference call to discuss these results on Wednesday, September 15, 2021. Following management's prepared remarks there will be a question-and-answer session to address any queries investors have regarding the Company's reported results.

Brooge Energy Announces Dates for First Half 2021 Results and Conference Call

Phase II facility will contribute to the Company's revenues in the second half of 2021.

Brooge Energy Ltd. Achieves Major Milestone with Launch of Phase II Storage Facility; Receives First Cargo

High utilization of third-party storage terminals in Fujairah along with upcoming infrastructure investments in the region indicate sustainable storage demand

Brooge Energy Ltd. Announces Positive Feasibility Study for Proposed Phase III Facility

Commences receipt of advance income for Phase II storage fees

Brooge Energy Ltd. Applies for Permit to Start Testing and Commissioning as Final Regulatory Step Ahead of Starting its Phase II Storage Facility Operations

Company to operate new 25,000 barrel per day modular refinery to drive additional revenue at favorable EBITDA margins.

Brooge Energy Ltd. Announces the Signing of Agreement with Oil Trader for One of the First Refineries in the Region to Produce IMO Compliant Very Low Sulphur Fuel Oil

Brooge Energy (BROG) could be a stock to avoid from a technical perspective, as the firm is seeing unfavorable trends on the moving average crossover front.

Moving Average Crossover Alert: Brooge Energy (BROG)

Strong market demand for oil storage continues to drive higher prices

Brooge Energy Ltd. Clients Renew 233,072 cbm of Storage Capacity at 70% Premium to Previous Pricing with Longer Term Fixed Income

NEW YORK, May 20, 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, adjacent to the Port of Fujairah in the United Arab Emirates, today announced the appointment of Nariman Karbhari and Tony Boutros as independent members of its Board of Directors effective as of May 16, 2021. Messrs. Boutros and Karbhari have each been appointed as members of the Board's Audit Committee and Mr. Boutros has been appointed as Chairman of the Audit Committee as well.

Brooge Energy Ltd. Appoints Two New Independent Members to the Board of Directors

Phase III expansion is expected to increase storage capacity by up to 3.5 million m3

Brooge Energy Ltd. Announces Filing of Form F-3 Shelf Registration Statement and Intention to Offer Securities Primarily to Fund Phase III Expansion Project

Net income improves to $17.2 million for 2020, compared with a loss of $75.3 million for 2019

Brooge Energy Reports Revenue of $41.8 Million for the Year Ending December 31, 2020

NEW YORK, March 23, 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, adjacent to the Port of Fujairah in the United Arab Emirates (“UAE”) through its wholly-owned subsidiaries Brooge Petroleum and Gas Investment Company FZE (“BPGIC”) and Brooge Petroleum and Gas Investment Company Phase III FZE (“BPGIC III”), announced today it has reached a major milestone by reporting 3.75 million hours worked without any safety issues, including zero long term injuries (“LTI”), zero product spills and all products delivered to customer specifications, among other industry related KPI's.

Brooge Energy Announces Exceptional Safety Record Since Operations Began

NEW YORK, March 11, 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, adjacent to the Port of Fujairah in the United Arab Emirates (“UAE”), today announced its wholly-owned subsidiary Brooge Petroleum and Gas Investment FZE (“BPGIC”) has won the Global Ports Forum Award (the “Forum”) for the best terminals of the year in the Middle East for the year 2021. BPGIC received this award - for the third time in a row - in recognition of its efforts and contribution to the field of oil and fuel storage in the port of Fujairah. The Global Ports Forum was launched in 2008 in Singapore, to foster cooperation between ports around the world. The forum is committed to improving global ports and promoting port interests, and provides an overview of emerging trends in the port industry at the global level.

Brooge Energy Subsidiary, BPGIC, Wins International Award for Best Terminals of the Year in the Middle East for the Year 2021

NEW YORK, Feb. 16, 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, adjacent to the Port of Fujairah in the United Arab Emirates (“UAE”) through its wholly-owned subsidiaries Brooge Petroleum and Gas Investment Company FZE (“BPGIC”) and Brooge Petroleum and Gas Investment Company Phase III FZE (“BPGIC III”), today announced it has engaged Ernst & Young (“EY”) to perform a feasibility study for its Phase III oil storage facility.

Brooge Energy Engages Ernst & Young (EY) to Perform Feasibility Study for Phase III Facility

Phase II launch to now commence during H1 2021 as COVID-19 restrictions cause supply chain disruptions, impacting the final construction stage Phase II launch to now commence during H1 2021 as COVID-19 restrictions cause supply chain disruptions, impacting the final construction stage

Brooge Energy Issues 2020 Letter to Shareholders

NEW YORK, Dec. 16, 2020 (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, adjacent to the Port of Fujairah in the United Arab Emirates (“UAE”) through its wholly-owned subsidiary Brooge Petroleum and Gas Investment Company FZE (“BPGIC”) , announced today that BPGIC has signed offtake contracts with two regional oil trading companies for total geometric storage capacity of 104,074 cbm at a 60% premium to previous contracts. This follows other recent contracts for 129,000 cbm, which were announced on December 7, 2020.

BPGIC Signs Two New Oil Storage Contracts for its Phase I Facility at 60% Premium, Driving Further Margin Expansion

NEW YORK, Dec. 07, 2020 (GLOBE NEWSWIRE) -- Brooge Energy Limited (“Brooge Energy” or the “Company”) (NASDAQ: BROG), and its wholly-owned subsidiary Brooge Petroleum and Gas Investment Company FZE (“BPGIC”), a Fujairah Free Zone Entity in the oil storage and services business, announced today that BPGIC has signed offtake contracts with three regional oil trading companies for total geometric storage capacity of 129,000 cbm at a 50% premium to previous contracts.

BPGIC Signs Three New Oil Storage Contracts for its Phase I Facility at 50% Premium, Driving Further Margin Expansion

Management hosted a conference call on Monday, November 30, 2020 at 8 a.m. ET Management hosted a conference call on Monday, November 30, 2020 at 8 a.m. ET

Brooge Energy Reports Revenue of $23 million for the Six Months Ending June 30, 2020

Company has filed its financial results for the six months ended June 30, 2020 with the SEC on Friday, November 27th

Brooge Energy to Host Financial Results and Shareholder Update Conference Call on Monday, November 30th at 8 a.m. ET

NEW YORK, Oct. 22, 2020 (GLOBE NEWSWIRE) -- Brooge Energy Ltd. (“Brooge Energy” or the “Company”) (NASDAQ: BROG), a midstream oil storage and service provider, is pleased to announce the beginning of preconstruction work for its Phase III oil storage terminals and refinery, which will be strategically located outside the Strait of Hormuz, adjacent to the Port of Fujairah in the United Arab Emirates (“UAE”).

Brooge Energy Ltd Commences Preconstruction Work on Phase III Oil Storage Facility

NEW YORK, Sept.  11, 2020  (GLOBE NEWSWIRE) --  Brooge Energy Ltd. (“Brooge Energy” or the “Company”) (NASDAQ: BROG) today announced that its subsidiary, Brooge Petroleum and Gas Investment Company FZE (“BPGIC”), has successfully completed the issuance of a USD$200 million 5-year senior secured bond (with potential follow-on issuances of up to USD$50 million for a maximum aggregate borrowing limit of USD$250 million) in the Nordic bond market. The bonds will mature in September 2025 and have a fixed coupon of 8.50% per annum. The transaction is subject to customary closing conditions and settlement is expected to occur on September 24, 2020. BPGIC’s obligations under the bonds are guaranteed by Brooge Energy.

Brooge Energy Ltd Subsidiary Completes Issuance of USD$200 million Senior Secured Bonds

NEW YORK, Aug.  10, 2020  (GLOBE NEWSWIRE) -- Brooge Energy Limited (“Brooge Energy” or the “Company”) (NASDAQ: BROG), a midstream oil storage and service provider strategically located outside the Strait of Hormuz, adjacent to the Port of Fujairah in the United Arab Emirates (“UAE”), announced today its wholly-owned subsidiary, Brooge Petroleum and Gas Investment Company FZE (“BPGIC”), is pursuing the issuance of a new 5-year senior secured bond of up to US$200 million (with potential follow-on issuances of up to US$125 million for a maximum aggregate amount of US$325 million) in the Nordic bond market. The Company has retained Pareto Securities as Sole Manager to assist with the transaction.

Brooge Energy LTD Subsidiary, Brooge Petroleum and Gas Investment Company FZE, Contemplating New Senior Secured Bond Issue

NEW YORK, Aug.  06, 2020  (GLOBE NEWSWIRE) -- Brooge Energy Limited (“Brooge Energy” or the “Company”) (NASDAQ: BROG), a midstream oil storage and service provider strategically located outside the Strait of Hormuz, adjacent to the Port of Fujairah in the United Arab Emirates (“UAE”) through its wholly-owned subsidiary Brooge Petroleum and Gas Investment Company FZE (“BPGIC”), announced today it has commenced hydrotesting for its Phase II storage facility expansion,  an important milestone that signifies the advanced stage of the terminal’s development.

Brooge Energy LTD Commences Hydrotesting for Phase II Storage Facility Expansion

NEW YORK, July  29, 2020  (GLOBE NEWSWIRE) -- Brooge Energy Limited (“Brooge Energy” or the “Company”) (NASDAQ: BROG), a midstream oil storage and service provider strategically located outside the Strait of Hormuz, adjacent to the Port of Fujairah in the United Arab Emirates (“UAE”) through its wholly-owned subsidiary Brooge Petroleum and Gas Investment Company FZE (“BPGIC”), today announced the appointment of Mr. Abu Bakar Chowdhury, independent director of Brooge Energy Limited, as Chairman of the Audit Committee effective immediately.

Brooge Energy LTD Appoints Mr. Abu Bakar Chowdhury as Chairman of the Audit Committee

NEW YORK, July  15, 2020  (GLOBE NEWSWIRE) --  Brooge Energy Limited (“Brooge Energy” or the “Company”) (NASDAQ: BROG), a midstream oil storage and service provider strategically located outside the Strait of Hormuz, adjacent to the Port of Fujairah in the United Arab Emirates (“UAE”) through its wholly-owned subsidiary Brooge Petroleum and Gas Investment Company FZE (“BPGIC”), announced today MUC Oil & Gas Engineering Consultancy (“MUC”) has issued the final basic design for the Company’s planned Phase III oil storage terminals and refinery.

Brooge Energy LTD Announces Completion of Basic Design for Phase III Facility

NEW YORK, June  30, 2020  (GLOBE NEWSWIRE) --  Brooge Energy Limited (“Brooge Energy” or the “Company”) (NASDAQ: BROG), a midstream oil storage and service provider strategically located outside the Strait of Hormuz, adjacent to the Port of Fujairah in the United Arab Emirates (“UAE”) through its wholly-owned subsidiary Brooge Petroleum and Gas Investment Company FZE (“BPGIC”), today announced its financial results for the full year ended December 31, 2019.

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