Statement of John Walsh, Chief Executive Officer, UGI Utilities

Over the past two days, teams of UGI and Pennsylvania Public Utility Commission investigators have been working at the site of the Allen Street explosion. Late last evening, a video scope was inserted into the gas main on Allen Street between 13th and Mercer. The main has been shut down since the February 9 explosion and has been the focus of our investigation into the cause of the incident. The video... 

Research and Markets: The Future of India Oil and Gas Storage Market to 2015- Trends, Drivers, Capex and Capacity Outlook of Storage Terminals and Companies

Research and Markets has announced the addition of the “The Future of India Oil and Gas Storage Market to 2015- Trends, Drivers, Capex and Capacity Outlook of Storage Terminals and Companies” report to their offering. The Future of India Oil and Gas Storage Market to 2015- Trends, Drivers, Capex and Capacity Outlook of Storage Terminals and Companies is a complete source of information... 

Samson Oil & Gas Advises on Rodney 1-14H and Earl 1-13H Wells

Samson Oil & Gas Limited advises that firm fracture stimulation dates for the Rodney #1-14H and Earl 1-13H wells have been established. In an earlier presentation Samson expected that the wells would be fracture stimulated in February after a service provider made a crew available, however, that crew was subsequently withdrawn. Fracture stimulation operations are expected to commence March 14th... 

John Wood Group PLC (‘Wood Group’, the ‘Group’) Announces Disposal of Well Support Division for $2.8 Billion

Wood Group, the international energy services company, today announces it has entered into a conditional agreement to sell its Well Support Division to GE for cash consideration of $2.8 billion (the “Disposal”). Following the Disposal, the Board of Directors intends that Wood Group will return cash of not less than $1.7 billion to shareholders (the “Return of Cash”). Highlights: ... 

Hybrid Construction Method Raises Private High School Campus Up From Ashes

When the school’s gymnasium burned to the ground, Fryeburg Academy needed a plan for reconstruction that could get done quickly, but not break the bank. The private school in western Maine also had to insist on quality. After all, they need to compete to attract a certain percentage of their students each year. “We had an immediate obligation to rebuild and to do so as cost-effectively... 

Hercules Offshore, Inc. Signs Purchase Agreement to Acquire Assets of Seahawk Drilling

Hercules Offshore, Inc. announced today that it has entered into an Asset Purchase Agreement with Seahawk Drilling, Inc. (Nasdaq:HAWK – News) and its affiliates (collectively “Seahawk”) to purchase 20 jackup rigs and related assets from Seahawk for approximately 22.3 million shares of Hercules Offshore common stock and cash consideration of $25 million, which will be used primarily... 

Bird River Resources Reports Progress on New Well

Bird River Resources Inc. is pleased to announce that the drilling portion of a new horizontal oil well at 11-26-1-28W by Atikwa Resources has been successfully completed. The operator is now waiting for a fracing unit which is expected before month end. The well was drilled into the Spearfish formation and is light sweet crude. The well is located east of the town of Pierson, in south western Manitoba.... 

Universal Lubricants Expands to Meet Growing Demand for Cleaner, Greener Re-Refined Oil

One of the country’s oldest lubricant manufacturing and distribution companies, Wichita’s Universal Lubricants (UL) established in 1929, is poised for double-digit growth for the foreseeable future thanks to a technologically advanced and highly capable re-refinery, and efficiencies gained through its environmentally-friendly closed-loop process. To meet demand for green lubricants that... 

Odyssey Petroleum Corp.: Corporate Update

Odyssey Petroleum Corp.has made a final application to the TSX Venture Exchange and is waiting for its acceptance for reinstatement to trading. Upon confirmation from the Exchange that ODE may resume trading, as announced in ODE’s Press Release dated January 21, 2011 the Company intends to continue preparation of required documentation to consolidate its share capital on a 20:1 basis, and to... 

Magnetek Announces Second Quarter Fiscal 2011 Results

Magnetek, Inc. today reported the results of its 2011 fiscal second quarter ended January 2, 2011. Second Quarter Results In its second quarter of fiscal 2011, Magnetek recorded revenue of $26.1 million, a 36% increase from the second quarter of fiscal 2010 and a 5% sequential increase from the first quarter of fiscal 2011. The increase in sales from the prior year quarter reflects significant year-over-year...