Archive for February, 2011
PGI Energy Announces Closing of Oil and Gas Asset Acquisition in New JV Partnership and New $100 Million Equity Commitment
PGI Energy Announces Closing of Oil and Gas Asset Acquisition in New JV Partnership and New $100 Million Equity Commitment
Houston, TX, February 28, 2011 - PGI ENERGY, INC announces new joint venture gas development agreement with Osyka Resources, LLC in acquiring a 50% stake of Mustang Island Block 882. The asset is valued at $15 mil. “We are equally as excited to have executed a new round of financing with AGS Capital Group in New York. The closing of this transaction will allow us to report modest earnings, thus increasing value for our shareholders as we continue our growth plan. The number of institutional investors interested in investing in PGI Energy speaks volume to our business model and vision for growth at a rapid pace,” says Marcellous McZeal the Company CEO.
About Osyka Resources, LLC
Osyka Resources, LLC is a Houston based subsidiary of Osyka Resources Corporation with E & P operations throughout Texas, Louisiana, and Mississippi. Osyka will be the operator in this joint venture project.
About AGS Capital Group
AGS Capital Group provides innovative and flexible debt and equity financing solutions for growth-stage and mature public companies as well as private companies seeking to go public.
With offices in New York, Hong Kong and India, AGS Capital Group has facilitated the growth of companies within the U.S. and those domiciled in foreign markets around the globe.
AGS Capital Group invests in public companies listed on most exchanges. They perform fundamental analysis including credit risk, technical analysis of market trends and industry, evaluation of management team experience and corporate structure evaluation.
About us
PGI Energy, Inc., is an energy holding company, headquartered in Houston, Texas. The company’s purpose is to acquire assets in the proven producing oil and gas assets, refinery and pipeline sectors of the energy industry and other synergistic assets. The company will only acquire proven producing, and income producing assets.
CAUTIONARY STATEMENTS REGARDING FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements that involve a number of risks and uncertainties. Forward-looking statements generally can be identified by the use of forward-looking terminology such as “believes,” “expects,” “may,” “will,” “intends, “plans,” “should,” “seeks,” “pro forma,” “anticipates,” “estimates,” “continues,” or other variations thereof (including their use in the negative), or by discussions of strategies, plans or intentions. A number of factors could cause results to differ materially from those anticipated by such forward-looking statements, including those discussed under “Risk Factors” and “Our Business.” Forward-looking statements are subject to known and unknown risks and uncertainties and are based on potentially inaccurate assumptions that could cause actual results to differ materially from those expected or implied by the forward-looking statements. Our actual results could differ materially from those anticipated in the forward-looking statements for many reasons.
For more information visit: www.PGIEnergy.us or Email: info@pgienergy.us
For More Information Contact
Robert Gandy
Media Contact & Investor Relations
PGI Energy, Inc.
713-532-5649
www.PGIEnergy.us
info@pgienergy.us
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US Labor Department orders Memphis, Tenn., company to reinstate whistleblower, pay more than $111,000 in back wages, interest and damages
Region 4 News Release: 11-134-ATL (60)
Feb. 24, 2011
Contact: Michael D’Aquino Michael Wald
Phone: 404-562-2076 404-562-2078
E-mail: d’aquino.michael@dol.gov wald.mchael@dol.gov
US Labor Department orders Memphis, Tenn., company to reinstate
whistleblower, pay more than $111,000 in back wages, interest and damages
MEMPHIS, Tenn. – The U.S. Department of Labor’s Occupational Safety and Health Administration has ordered United Auto Delivery and Recovery/Memphis Auto Auction to reinstate a former truck driver who was fired in violation of the whistleblower provisions of the Surface Transportation Assistance Act for repeatedly complaining to a supervisor about mechanical problems with a truck.
OSHA is ordering the company to pay the worker more than $111,000 as compensation for back wages plus interest, compensatory damages and punitive damages. The company is also required to delete any adverse references related to the discharge from the employee’s personnel file and post a fact sheet informing employees of their rights.
“Employees have the legal right to report unsafe driving situations, not only for their own safety, but also to protect the public from unsafe trucks on the roads,” said Cindy Coe, OSHA’s regional administrator in Atlanta. “OSHA will not allow trucking companies to retaliate against drivers who are exercising their rights.”
In February 2009, after repeatedly complaining to a supervisor about mechanical problems with a truck, the supervisor agreed to the complainant’s suggestion to leave work and return when the truck was repaired. The next day, the complainant’s employment was terminated.
A whistleblower complaint was filed with OSHA, and an agency whistleblower investigator found that the complainant was terminated unlawfully. Either party to the case can file an appeal with the Labor Department’s Office of Administrative Law Judges, but the complainant must immediately be reinstated regardless of whether the order is appealed.
United Auto Delivery and Recovery/Memphis Auto Auction is a commercial carrier that provides vehicle repossession services in the Midwest, and sells and auctions recovered vehicles. Its headquarters are in Memphis, and the company has approximately 50 non-union drivers.
OSHA enforces the whistleblower provisions of the Surface Transportation Assistance Act and 20 other statutes protecting employees who report violations of various securities laws, trucking, airline, nuclear, pipeline, environmental, rail, maritime, health care, workplace safety and health, and consumer product and food safety laws. Under the various whistleblower provisions enacted by Congress, employers are prohibited from retaliating against employees who raise various protected concerns or provide protected information to the employer or to the government. Employees who believe that they have been retaliated against for engaging in protected conduct may file a complaint with the secretary of labor for an investigation by OSHA’s Whistleblower Protection Program. Detailed information on employee whistleblower rights, including fact sheets, is available online at: http://www.whistleblowers.gov.
Under the Occupational Safety and Health Act of 1970, employers are responsible for providing safe and healthful workplaces for their employees. OSHA’s role is to ensure these conditions for America’s working men and women by setting and enforcing standards, and providing training, education and assistance. For more information, visit http://www.osha.gov.
Note: The U.S. Department of Labor does not release names of employees involved in whistleblower complaints.
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U.S. Department of Labor news materials are accessible at http://www.dol.gov. The information above is available in large print, Braille, audio tape or disc from the COAST office upon request by calling 202-693-7828 or TTY 202-693-7755.
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US Department of Labor’s OSHA cites Venetian Marble & Granite in Helotes, Texas, for exposing workers to excessive levels of respirable silica
Region 6 News Release: 11-194-DAL
Feb. 24, 2011
Contact: Elizabeth Todd Juan Rodriguez
Phone: 972-850-4710 972-850-4709
E-mail: todd.elizabeth@dol.gov rodriguez.juan@dol.gov
US Department of Labor’s OSHA cites Venetian Marble & Granite in
Helotes, Texas, for exposing workers to excessive levels of respirable silica
HELOTES, Texas – The U.S. Department of Labor’s Occupational Safety and Health Administration has cited Venetian Marble & Granite in Helotes with 10 serious safety and health violations after an inspection found that workers were exposed to unsafe levels of crystalline silica particles. Proposed penalties total $41,300.
“This company jeopardized the health of its workers by exposing them to respirable silica above OSHA’s established limits,” said Jeff Funke, director of OSHA’s San Antonio Area Office.
OSHA’s San Antonio office initiated a safety and health inspection on Nov. 8, 2010, at the company’s facility on Western Oak Drive and determined that employees were exposed to respirable crystalline silica particles while grinding, sanding and buffing countertop products such as natural granite, quartz and solid surfaces.
The agency alleges that the company failed to ensure levels of crystalline silica met safety standards, provide employees with required respiratory protection, determine that employees were medically fit to wear respiratory protection, follow proper procedures to lock out/tag out accidental energy start-up prior to servicing and performing maintenance on machinery, properly guard a table saw and cut off saw, and train employees on the use of hazardous chemicals. A serious citation is issued when there is substantial probability that death or serious physical harm could result from a hazard about which the employer knew or should have known.
Venetian Marble & Granite, which employs about 45 workers who manufacture custom countertops for residential and commercial applications, has 15 business days from receipt of the citations to comply, request an informal conference with OSHA’s area director in San Antonio or contest the citations and penalties before the independent Occupational Safety and Health Review Commission.
Employers and employees with questions about workplace safety and health standards can call OSHA’s San Antonio office at 210-472-5040 or the agency’s toll-free hotline at 800-321-OSHA (6742) to report workplace incidents, fatalities or situations posing imminent danger to workers.
Under the Occupational Safety and Health Act of 1970, employers are responsible for providing safe and healthful workplaces for their employees. OSHA’s role is to ensure these conditions for America’s working men and women by setting and enforcing standards, and providing training, education and assistance. For more information, visit http://www.osha.gov.
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U.S. Department of Labor news materials are accessible at http://www.dol.gov. The information above is available in large print, Braille, audiotape or disc from the COAST office upon request by calling 202-693-7828 or TTY 202-693-7755.
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Murphy Oil Announces Startup of the Tupper West Gas Plant
Murphy Oil Announces Startup of the Tupper West Gas Plant
El Dorado, AR, February 24, 2011 - Murphy Oil Corporation (NYSE:MUR) announced that its wholly owned subsidiary, Murphy Oil Company Ltd., has commenced operation at the Tupper West natural gas processing facility in northeastern British Columbia.
The Tupper West gas plant, with a capacity of 180 million cubic feet per day, is located 20 kilometers west of Dawson Creek, British Columbia, and is 39 kilometers from the Tupper Main facility, which started production in December 2008. Murphy holds a 100% working interest in the Tupper West plant and adjoining acreage.
David M. Wood, Murphy’s President and Chief Executive Officer, commented, “We are very pleased to bring this project onstream ahead of schedule and on budget. This is another important growth milestone for our Canadian business.” Wood added, “Ramp up of this low-cost Montney gas play adds to our growing production profile and is a key component of our North American resource portfolio.”
Production from the Tupper West area is expected to contribute over 85 million cubic feet per day in 2011 with year-end exit rates projected to be over 120 million cubic feet per day.
This press release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. These statements, which express management’s current views concerning future events or results, are subject to inherent risks and uncertainties. Factors that could cause actual results to differ materially from those expressed or implied in our forward-looking statements include, but are not limited to, the volatility and level of crude oil and natural gas prices, the level and success rate of our exploration programs, our ability to maintain production rates and replace reserves, customer demand for our products, political and regulatory instability, and uncontrollable natural hazards. For further discussion of risk factors, see Murphy’s 2009 Annual Report on Form 10-K on file with the U.S. Securities and Exchange Commission. Murphy undertakes no duty to publicly update or revise any forward-looking statements.
For More Information Contact
Barry Jeffery
Investor/Media
Murphy Oil Corporation
870-864-6501
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US Labor Department’s OSHA cites Stoughton, Mass., contractor for failing to provide cave-in protection at Revere, Mass., jobsite
Region 1 News Release: 11-192-BOS/BOS 2011-061
Feb. 25, 2011
Contact: Ted Fitzgerald
Phone: 617-565-2074
E-mail: fitzgerald.edmund@dol.gov
US Labor Department’s OSHA cites Stoughton, Mass., contractor
for failing to provide cave-in protection at Revere, Mass., jobsite
ANDOVER, Mass. – The U.S. Department of Labor’s Occupational Safety and Health Administration has cited A.A. Will Corp. $69,300 for alleged willful and repeat violations of workplace safety standards following an inspection of a worksite located at the Massachusetts Bay Transportation Authority’s Wonderland Station in Revere. The Stoughton contractor was installing electrical vaults in the station’s parking lot.
OSHA’s nighttime inspection, initiated in response to a complaint about unsafe conditions, found A.A. Will Corp. employees working in a trench deeper than 5 feet that lacked protection against collapse of its sidewalls. The trench also lacked a ladder or other means for the workers to exit in the event of a cave-in or other emergency.
“The unprotected walls of an excavation can collapse in seconds, crushing workers beneath tons of soil and debris before they have a chance to react or escape. Employers must never allow an employee to face such a dangerous situation,” said Jeffrey A. Erskine, OSHA’s area director in Middlesex and Essex counties. “Employers also should not assume that they are exempt from an OSHA inspection when they work at night. Worker safety is a priority that extends beyond nine to five hours.”
As a result of its findings, OSHA issued the company one willful citation with a proposed fine of $61,600 for lacking cave-in protection, and one repeat citation with a fine of $7,700 for lacking an exit ladder. The repeat citation stems from OSHA having cited the employer in February 2010 for a similar hazard at a Boston worksite.
A willful violation exists when an employer has demonstrated either an intentional disregard for the requirements of the law or plain indifference to employee safety and health. A repeat citation is issued when an employer previously has been cited for the same or a similar violation of a standard, regulation, rule or order at any other facility in federal enforcement states within the last five years.
OSHA standards require that all trenches and excavations 5 feet or deeper be protected against collapse. Detailed information on hazards and safeguards related to trenching and excavation is available online at http://www.osha.gov/SLTC/trenchingexcavation/index.html.
A.A. Will Corp. has 15 business days from receipt of its citations and proposed penalties to comply, meet with the OSHA area director or contest the findings before the independent Occupational Safety and Health Review Commission. This inspection was conducted by OSHA’s Andover Area Office; telephone 978-837-4460. To report workplace incidents, fatalities or situations posing imminent danger to workers, call the agency’s toll-free hotline at 800-321-OSHA (6742).
Under the Occupational Safety and Health Act of 1970, employers are responsible for providing safe and healthful workplaces for their employees. OSHA’s role is to ensure these conditions for America’s working men and women by setting and enforcing standards, and providing training, education and assistance. For more information, visit http://www.osha.gov.
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U.S. Department of Labor news materials are accessible at http://www.dol.gov. The information above is available in large print, Braille, audio tape or disc from the COAST office upon request by calling 202-693-7828 or TTY 202-693-7755.
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