Core Viewpoint - Brooge Energy Limited intends to voluntarily delist its ordinary shares from the Nasdaq Capital Market and subsequently deregister with the SEC, citing the lack of an active trading market and the associated costs and regulatory burdens as key reasons for this decision [1][3]. Group 1: Delisting and Deregistration Process - The company plans to file a Form 25 with the SEC and Nasdaq around June 9, 2025, with the last day of quotation expected to be around June 19, 2025 [1]. - Following the delisting, Brooge Energy Limited will file a Form 15 with the SEC on or about June 19, 2025, to suspend its reporting obligations under the Exchange Act [2]. - The formal deregistration of the company's securities is expected to become effective 90 days after the filing of Form 15 [2]. Group 2: Reasons for Delisting - The decision for delisting and deregistration was made by the company's Board of Directors, based on a review of factors including the lack of an active trading market and the significant operating expenses related to compliance with SEC and Nasdaq requirements [3]. Group 3: Company Overview - Brooge Energy Limited is a Cayman Islands-based infrastructure provider engaged in Clean Petroleum Products, Biofuels, and Crude Oil storage services [4]. - The company operates through its subsidiary BPGIC FZE, located strategically outside the Strait of Hormuz at the Port of Fujairah in the UAE, differentiating itself with fast order processing, excellent customer service, and high accuracy blending services [4].

Core Viewpoint - Brooge Energy Limited (BEL) has entered into a conditional sale and purchase agreement to sell 100% of its subsidiaries, Brooge Petroleum and Gas Investments Company FZE and Brooge Petroleum and Gas Investment Company Phase III FZE, to Gulf Navigation Holding PJSC for approximately USD 884 million [1][3][5] Group 1: Acquisition Details - The acquisition is part of GulfNav's strategy to enhance its position in the energy sector by expanding storage and logistics capabilities through BPGIC Group's advanced infrastructure [2] - The total consideration for the transaction is approximately USD 884 million (AED 3,245 million), which includes cash, shares, and mandatory convertible bonds [3][5] - The cash component includes approximately USD 125.3 million, with USD 65 million going into a Completion Escrow Account and USD 60 million for settling certain liabilities [5][6] Group 2: Conditions and Completion - Completion of the transaction is subject to several conditions, including shareholder approval from GulfNav and necessary regulatory approvals [5][6] - The transaction is expected to close within five business days after all conditions are satisfied or waived [7][8] - Both parties will provide customary warranties typical in similar transactions [7] Group 3: Company Backgrounds - Brooge Energy Limited is based in the Cayman Islands and specializes in clean petroleum products, biofuels, and crude oil storage, operating through its subsidiary BPGIC FZE located in Fujairah, UAE [10] - Gulf Navigation Holding PJSC is a prominent maritime and shipping company based in Dubai, UAE, with a diverse fleet and comprehensive services in the maritime industry [11]

Group 1 - The article discusses Dorian LPG's recent dividend announcement, highlighting a 30% reduction from the previous dividend, which was expected to be $0.5 but was set at $0.7 instead [1] - The author has a diverse professional background across various industries, which contributes to a comprehensive investment analysis perspective [1] - The investment strategy focuses on cyclical industries, aiming for significant returns during economic recovery while maintaining a diversified portfolio that includes bonds, commodities, and forex [1] Group 2 - The article does not provide any specific financial metrics or performance data related to Dorian LPG or the broader industry [2][3]

Tórshavn, Faroe Islands, 2025-05-23 (GLOBE NEWSWIRE) -- Today P/F Atlantic Petroleum (NASDAQ OMX: ATLA DKK) held the Annual General Meeting in Tórshavn, Faroe Islands. Petur Even Djurhuus was elected Chairman of the Meeting.The Chairman of the Board presented the Board of Director’s and management’s statement of the Company’s activity during 2024.The audited Annual Accounts were presented and approved by the General Meeting.The General Meeting approved the remuneration to the Board in A: 2024 and B: 2025.It ...

ATHENS, Greece, May 22, 2025 (GLOBE NEWSWIRE) -- STEALTHGAS INC. (NASDAQ: GASS) (the “Company”), a ship-owning company serving the liquefied petroleum gas (LPG) sector of the international shipping industry, announced today that it will release its first quarter operating and financial results for the period ended March 31, 2025 before the market opens in New York on May 28, 2025. On May 28, 2025 at 10:00 am ET, the company’s management will host a conference call to discuss the results and the company’s op ...

Q1 2025 Earnings Presentation Icahn Enterprises L.P. May 7, 2025 1 Safe Harbor Statement Forward-Looking Statements and Non-GAAP Financial Measures The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements we make in this presentation, including statements regarding our future performance and plans for our businesses and potential acquisitions. Forward-looking statements may be identified by words such as "believes," "expects," "potential," "continues," "ma ...

The oil/energy sector has faced significant challenges in the first quarter of 2025, with shifting commodity prices and persistent market volatility affecting overall performance. Oil prices have fallen while natural gas prices have seen a slight uptick. This combination presents a complex and uncertain outlook, as the mixed performance of oil and natural gas prices complicates the sector's ability to achieve growth. With earnings expectations low, could some companies still outperform?  Let's take a closer ...

COMPAGNIE DE L'ODET Financial information for Q1 2025April 29, 2025 Stable revenue for Q1 2025: +0.2% at constant scope and exchange rates (+4.2% on a reported basis*) Revenue for Q1 2025At constant scope and exchange rates, Compagnie de l’Odet revenue for first-quarter 2025 rose 0.2% to 782 million euros: Bolloré Energy: 675 million euros, down 0.2%, owing to lower selling prices for petroleum products, offset by higher sales volumes; Industry: 78 million euros, up 1.5%, based on growth in 6-meter bus sa ...

BOLLORÉ Financial information for Q1 2025 April 29, 2025 Stable revenue for Q1 2025: +0.2% at constant scope and exchange rates (+4.2% on a reported basis*) Revenue for Q1 2025 At constant scope and exchange rates, Bolloré Group revenue for first-quarter 2025 rose 0.2% to 782 million euros: Bolloré Energy: 675 million euros, down 0.2%, owing to lower selling prices for petroleum products, offset by higher sales volumes; Industry: 78 million euros, up 1.5%, based on growth in 6-meter bus sales and an incre ...

CALGARY, Alberta, April 28, 2025 (GLOBE NEWSWIRE) -- Jura Energy Corporation (“Jura” or the “Company”) announced today that it has appointed Dr. Shakeel Ahmed to serve as its Interim Chief Executive Officer (“CEO”). Dr. Ahmed, who holds a PhD in Petroleum Engineering and brings over 30 years of experience in the petroleum and natural gas industry, has been with the Company since 2020, most recently serving as Head of Projects. This appointment follows the effective resignation of Mr. Nadeem Farooq as the Co ...