Petrogress, Inc. PGAS Archives - Page 2 of 2

WednesdayJan 10, 2018 1:01 pm

QualityStocksNewsBreaks – Petrogress, Inc. (PGAS) Highlights Three Areas of Focus to Increase Growth in 2018

Diversified marine transport and offshore services company Petrogress (OTC: PGAS) sees 2018 as a year for growth in Ghana, Libya and Cypress. Jim Jimerson, who handles corporate affairs for the company, recently highlighted the company’s priorities for the year. An article discussing this reads: “Jimerson noted that PGAS is focused in 2018 on three priorities. First, the company wishes to consummate a contract in Ghana to give it more growth opportunities. Second, it sees exceptional opportunities for business initiatives to get in on the ground floor in Libya, a location Jimerson describes as being in PGAS’s “wheelhouse” in North Africa.…

MondayJan 08, 2018 3:52 pm

Petrogress, Inc. (PGAS) Strategy Prepares Company to Greet Possible Oil Industry Recovery

Oil industry services company added millions to its value in 2017 amid expansion effort Petrogress, Inc. leadership maintained profitability amid down-revenue period Trade partnerships position company to work with major industry players on key shipping routes News that the oil and gas industry may be entering an extended recovery period following years characterized by decreased prices, a lack of investor confidence and a number of bankruptcies is only adding to the optimism of survivors like Petrogress, Inc. (OTC: PGAS), which capitalized on sound management practices to report a significant rise in profitability during last year’s third quarter and a record…

WednesdayJan 03, 2018 12:56 pm

QualityStocksNewsBreaks – Petrogress, Inc. (PGAS) Deepens Port Operations in Cyprus through Joint Venture MOU

Diversified marine transport and offshore services company Petrogress (OTC: PGAS) is strengthening its port operations in Cyprus through its subsidiary Petrogress Int’l, LLC. An article discussing this reads: “Through subsidiary Petrogress Int’l, LLC (“PIL”), the company has entered into a Memorandum of Understanding (“MOU”) with EDT Agency Services, Ltd., under which the two companies intend to combine operations at the Port of Limassol. The collaboration also extends to future developments at Vassiliko Energy Port, where the Cyprus Port Authority has announced plans for the construction of a $300 million industrial and energy harbor. The MOU calls for a 50/50 partnership…

FridayDec 29, 2017 2:11 pm

Petrogress, Inc. (PGAS) Sees Opportunities for Energy Expansion, Focusing on Ghana, Cypress and Libya

For the three months ended September 30, 2017, PGAS reported a profit, greater prepaid expenses and some $3 million added to its assets and shareholder value of the company Jim Jimerson, consultant, says in audio interview that PGAS is eyeing more tanker acquisitions and working on worldwide financing, including from the World Bank, for its growth plans Diverse revenue stream from oil and gas energy shipping, sales of finished products, a larger tanker fleet and growth through joint ventures Petrogress, Inc. (OTC: PGAS) sees growth opportunities worldwide for 2018, as this integrated energy company seeks a larger tanker fleet and…

ThursdayDec 28, 2017 3:25 pm

Petrogress, Inc. (PGAS) is Strengthening Port Operations in Cyprus

MOU to undertake joint venture in Cyprus port operations Set to enter upstream business by operating oil platform Gaining eligibility to bid for Ghanaian government contracts A recent announcement (http://dtn.fm/GtI6w), which also appeared in the Greek media, shows that Petrogress, Inc. (OTC: PGAS) is doubling down in Cyprus. Through subsidiary Petrogress Int’l, LLC (“PIL”), the company has entered into a Memorandum of Understanding (MOU) with EDT Agency Services, Ltd., under which the two companies intend to combine operations at the Port of Limassol. The collaboration also extends to future developments at Vassiliko Energy Port, where the Cyprus Port Authority has…

ThursdayDec 28, 2017 12:41 pm

QualityStocksNewsBreaks – Petrogress, Inc. (PGAS) Finds New Life in Oil Shipping Markets

Petrogress, Inc. (OTC: PGAS) continues to build a diversified revenue stream through its oil and gas shipping networks as it expands its operations along Africa’s west coast, in the Mediterranean region, Europe and the United States. The company is working to purchase more tankers, complete exploration and refinery talks in Ghana, and finalize negotiations on an operations and management pact in Hellenic Cyprus. An article discussing this reads: “Despite a recent slump in African crude oil sales (http://dtn.fm/Czx2E) and the comparable effect on the company’s sales volume revenues and gross profits, Petrogress reported a rise in profitability from 3.82 percent…

TuesdayDec 19, 2017 10:28 am

QualityStocksNewsBreaks – Petrogress, Inc. (PGAS) Subsidiary Enters Joint Venture MOU with EDT Agency Services

Diversified marine transport and offshore services company Petrogress, Inc. (OTC: PGAS), through subsidiary Petrogress Int’l, LLC (“PIL”), this morning announced its entry into a Memorandum of Understanding (“MOU”) with EDT Agency Services, Ltd. to combine the companies’ operations at the Port of Limassol, as well as future developments at Vassiliko Energy Port, where the Cyprus Port Authority has announced plans for the construction of a $300 million industrial and energy harbor. Per the update, the MOU calls for a 50/50 partnership between EDT and PIL, operating under PIL’s PG Cypyard & Offshore Terminal Services Ltd., with the goal of providing…

MondayDec 18, 2017 3:06 pm

Petrogress, Inc. (PGAS) Weathers Stormy Seas of Oil Shipping Markets

Assets grew in first three quarters despite slump in oil sales Reported record EBITDA growth during the year Agreement in Cyprus positions company at crossroads of Middle East-to-Europe shipping As the economies of some African nations show signs of new growth resulting from the ongoing production of their oil resources (http://dtn.fm/osPj9), Petrogress, Inc. (OTC: PGAS) is building on its years of networking with trading partners along the continent’s west coast and in the Mediterranean region while it expands its operations into Europe and the U.S. to create a diversified revenue stream in the oil and gas shipping industries. Petrogress, Inc.…

MondayDec 04, 2017 2:38 pm

QualityStocksNewsBreaks – Petrogress, Inc. (PGAS) Further Diversifies Revenue Stream with New Venture

Petrogress, Inc. (OTC: PGAS) has created a diversified revenue stream, giving it a significant advantage over similar companies working in the oil and gas shipping arena. A recent article discusses a recent venture and the formation of “PG Cypyard & Offshore Service Terminal Ltd. (“Cypyard”), through the company’s wholly owned subsidiary, Petrogress Int’l, LLC. The article states, “Cypyard is concluding negotiations for an operations and management agreement covering ports in Hellenic Cyprus, including the Port of Limassol, directly with the Cyprus Ports Authority. Current plans include a long-term lease with renewal options covering all in-place port facilities, including floating dock…

FridayDec 01, 2017 11:08 am

Petrogress, Inc. (PGAS) is “One to Watch”

Owns and operates fleet of tankers moving crude oil, distillates, and refined products Profitability increased to 13.14% from prior year’s 3.82% Robust global economic growth shoring up crude oil and gas prices Plans include moving deeper into growing markets of West Africa, purchase of additional tanker vessels Petrogress, Inc. (OTC: PGAS), founded in 2009, owns and operates a fleet of tankers from its base in the historic Port of Piraeus, Greece, through a series of Marshall Islands subsidiaries. The company is an international merchant of petroleum products which includes reliably marketing and trading crude oil, distillates, and refined products off…

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