Port of Fujairah

Prostar Capital Sells Bulk Liquid Storage Terminal GTI Fujairah to Mercantile & Maritime

Retrieved on: 
Tuesday, September 26, 2023

DUBAI, UAE, Sept. 26, 2023 /PRNewswire/ -- Prostar Capital today announced the successful sale of its bulk liquid storage terminal facility, GTI Fujairah (GTIF) to Mercantile & Maritime Group (M&M).

Key Points: 
  • DUBAI, UAE, Sept. 26, 2023 /PRNewswire/ -- Prostar Capital today announced the successful sale of its bulk liquid storage terminal facility, GTI Fujairah (GTIF) to Mercantile & Maritime Group (M&M).
  • GTIF is a modern and highly flexible bulk liquid storage terminal, with a total capacity of 350,000m3.
  • GTIF was one of the bulk liquid storage terminal assets owned by Prostar, in a portfolio built over the last decade that in aggregate comprises more than 24 million barrels (3.7 million m3) in storage capacity globally.
  • Prostar will remain committed to the Port of Fujairah, as Dave Noakes, Senior Managing Director at Prostar, notes:
    "Prostar will remain invested in the Port of Fujairah through its continued 40% ownership of GTIF's neighbouring 1.2 million m3 bulk liquid storage facility, Fujairah Oil Terminal, which was the first terminal in the Port to store ultra-low sulfur fuel oil.

S&P Global Commodity Insights announces key speakers and agenda for FUJCON 2023

Retrieved on: 
Thursday, February 16, 2023

NEW YORK, Feb. 16, 2023 /PRNewswire/ -- S&P Global Commodity Insights is pleased to announce further details of the 13th International Fujairah Bunkering & Fuel Oil Forum (FUJCON 2023), to be held at the Novotel Fujairah on March 13 – 15, 2023.

Key Points: 
  • NEW YORK, Feb. 16, 2023 /PRNewswire/ -- S&P Global Commodity Insights is pleased to announce further details of the 13th International Fujairah Bunkering & Fuel Oil Forum (FUJCON 2023), to be held at the Novotel Fujairah on March 13 – 15, 2023.
  • Furthermore, the port will commission its new dry bulk export facility in Dibba, adding an initial 18m ton of aggregate handling capacity.
  • Suhail Mohamed Al Mazrouei, will deliver a ministerial address on the opening day of the forum on March 14, 2023.
  • Under the theme "The Maritime Energy Transition and Future Fuels", the two-day forum will provide a packed agenda featuring seven sessions.

Brooge Energy Ltd Announces Extended Nasdaq Stay

Retrieved on: 
Wednesday, November 23, 2022

In accordance with the Nasdaq Listing Rules, the Company also requested a further stay beyond the automatic 15-day stay period pending the conclusion of the hearing process, which was granted on November 22, 2022.

Key Points: 
  • In accordance with the Nasdaq Listing Rules, the Company also requested a further stay beyond the automatic 15-day stay period pending the conclusion of the hearing process, which was granted on November 22, 2022.
  • Brooge Energy Ltd, is a Cayman Islands-based infrastructure provider now intending to focus on renewable energy infrastructures and biofuels, next to clean petroleum products, crude oil storage and related services.
  • The company conducts its business and operations through its subsidiaries Brooge Renewable Energy, Brooge Petroleum and Gas Investment Company FZE (BPGIC), and Brooge Petroleum and Gas Investment Company Phase 3 FZE.
  • Brooge Energy does not undertake any obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.

Brooge Energy Ltd Announces Receipt of Nasdaq Staff Determination Letter

Retrieved on: 
Friday, November 4, 2022

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.

Key Points: 
  • 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.
  • Brooge Energy Ltd, is a Cayman Islands-based infrastructure provider now intending to focus on renewable energy infrastructures and biofuels, next to clean petroleum products, crude oil storage and related services.
  • The company conducts its business and operations through its subsidiaries Brooge Renewable Energy, Brooge Petroleum and Gas Investment Company FZE (BPGIC), and Brooge Petroleum and Gas Investment Company Phase 3 FZE.
  • Brooge Energy does not undertake any obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.

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

Retrieved on: 
Friday, October 28, 2022

Any transaction, if entered into, will be subject to the receipt of a fairness opinion, approval of the special committee of the Board of Directors, and approval of the Companys shareholders.

Key Points: 
  • Any transaction, if entered into, will be subject to the receipt of a fairness opinion, approval of the special committee of the Board of Directors, and approval of the Companys shareholders.
  • Brooge Energy Ltd, is a Cayman Islands-based infrastructure provider now intending to focus on renewable energy infrastructures and biofuels, next to clean petroleum products, crude oil storage and related services.
  • The company conducts its business and operations through its subsidiaries Brooge Renewable Energy, Brooge Petroleum and Gas Investment Company FZE (BPGIC), and Brooge Petroleum and Gas Investment Company Phase 3 FZE.
  • Brooge Energy does not undertake any obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.

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

Retrieved on: 
Tuesday, October 25, 2022

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.

Key Points: 
  • 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.
  • Unaudited Financial Results for the Nine Months Ended September 30, 2022:
    Mr. Nicolaas Paardenkooper, Chief Executive Officer of Brooge Energy, stated, Unaudited total revenue for the first nine months of 2022 is extremely healthy due to our ability to maintain 100% contracted capacity at attractive terms.
  • The company conducts its business and operations through its subsidiaries Brooge Renewable Energy, Brooge Petroleum and Gas Investment Company FZE (BPGIC), and Brooge Petroleum and Gas Investment Company Phase 3 FZE.
  • Brooge Energy does not undertake any obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.

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

Retrieved on: 
Friday, October 21, 2022

With this appointment, Brooge Energys board of directors is comprised of seven members, including four independent directors.

Key Points: 
  • With this appointment, Brooge Energys board of directors is comprised of seven members, including four independent directors.
  • Mr. Nicolaas Paardenkooper, Chief Executive Officer of Brooge Energy, stated, We are pleased to welcome Firoze as independent director of the Company.
  • His financial, regulatory insight and leadership will be invaluable to Brooge Energy as we continue to grow our business.
  • Brooge Energy does not undertake any obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.

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

Retrieved on: 
Wednesday, September 21, 2022

The study will cover the green hydrogen production facilities, the ammonia plant, and the associated utilities.

Key Points: 
  • The study will cover the green hydrogen production facilities, the ammonia plant, and the associated utilities.
  • The Company plans to commence the study shortly with the final report expected to be delivered during fourth quarter 2022.
  • Mr. Nicolaas Paardenkooper, Chief Executive Officer of Brooge Energy, stated, Engaging thyssenkrupp Uhde is another important step in our transition to clean energy.
  • Global demand for clean energy sources has been strong and is expected to accelerate in the coming years.

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

Retrieved on: 
Wednesday, August 17, 2022

NEW YORK, Aug. 17, 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, today announced that its majority shareholder, BPGIC Holdings Limited (“Holdings”), has expressed an interest to acquire all the shares of the Company that it does not currently own and to take the Company private.

Key Points: 
  • The Board of Directors of the Company is considering the proposal and will be entering into substantive negotiations.
  • Any transaction, if entered into, will be subject to the receipt of a fairness opinion and approval of the Companys shareholders and bondholders.
  • The company conducts its business and operations through its subsidiaries Brooge Renewable Energy, Brooge Petroleum and Gas Investment Company FZE, and Brooge Petroleum and Gas Investment Company Phase 3 FZE (BPGIC).
  • Brooge Energy does not undertake any obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.

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

Retrieved on: 
Thursday, August 11, 2022

The study aims to provide market assessment of the green hydrogen and green ammonia business, which will include a market outlook with expected future prices and an overview of the competitive landscape expected.

Key Points: 
  • The study aims to provide market assessment of the green hydrogen and green ammonia business, which will include a market outlook with expected future prices and an overview of the competitive landscape expected.
  • The study scope covers the green hydrogen and green ammonia projects technical and cost assessment in addition to a financial and feasibility report.
  • The study will facilitate Brooge Energys transition journey by providing the outlook for market demand and economic profitability.
  • Mr. Nicolaas Paardenkooper, Chief Executive Officer of Brooge Energy, stated, Engaging EY is another important step in our clean energy transition.