PGIE PGI Energy Inc (CE)

PGI Energy, Inc. (Pink Sheets: PGIE):

PGI ENERGY, INC has entered into a joint venture partnership with BGI Contractors in conjunction with its previously announced partnership with Structural Dynamics Engineering Co. for Manufacturing & Development of innovative proprietary land drilling rigs designed by Jose A. Macias, a Mechanical Engineer. The joint venture partners will share 50% of profits each. The joint venture partnership initially will focus on fabrication of drilling rigs for its existing contract orders for 750 HP Mobile Drilling Rigs and the 2000 HP SCR Drilling Rig for the government of India, and its client in China who have placed orders for three 250T Top-Drives the innovative Top-Drive drilling rig, and Malaysia for four 1000HP SCR Drilling Rigs. Current customers of Structural Dynamics Engineering are Precision Drilling, Arrow Drilling, Pie Grande Drilling, Fidelity Exploration and Production, JJ Drilling International, DIJOILFIELD LLC., Petroleos de Venezuela, S.A. (PDVSA), and PetroleosMexicanos, S.A. (PEMEX). “We are excited about the development of this new joint venture partnership with BGI Contractors to deploy these innovative drilling rigs to oil field service providers, which adds significant value for our shareholders,” says Robert Gandy, Senior Underwriter/Chief Investment Officer for PGI.

About BGI Contractors

BGI Contractors is a general contractor, and the operation was founded in 1991 to serve the petrochemical industry. BGI’s clients include a number of industrial sectors, including petrochemical and refining, land drilling rigs, power, manufacturing, specialty industrial, marine, and the U.S. government. Additional BGI clients include, PGI Energy, Inc., J & L Instrumentation & Power, LLC, Shell Oil, Motiva Enterprises, ExxonMobil and Gerdau Ameristeel. In addition, BGI works with major managing contractors such as Bechtel, Jacobs and KBR. BGI manages projects of all sizes, coordinating engineering, subcontractors, planning, scheduling, construction and quality/acceptance testing. BGI has an excellent safety record and follow extensive quality checks to ensure standards compliance. BGI’s scope of work includes:

           

General Contractor -

   

Construction Services:

Project Management, Operation Personnel Support

Engineering & Design, Factory Acceptance Testing

 

Refinery Services: Pipe & Steel Fabrication & Installation

Mechanical & Civil, Mechanical Maintenance

Turnarounds & Startups, ASME Pressure Vessels

NBIC Pressure Vessel Repairs, Shop & Field

 

Tank Construction: Design, Build & Repair, Turn-key Projects

 

Industrial Buildings: Butler Builder® - Custom Buildings

Pre-Engineered Metal Buildings, Specialty Buildings –

Control Rooms, Storm Proof & Blast Resistant Buildings,

Including BGI’s proprietary design – The StrongBox®

BGI also covers the marine industry and operates under the name of United Marine Shipyard, LLC.

United Marine Shipyard (UMS) services the international ship and drill rig industry. They offer all types of offshore rig repair, ship repair, new rig construction and marine engineering and design. UMS provides onsite rig repairs worldwide, while major rig repairs, upgrades and conversions are completed at their fab yard in Port Arthur, Texas. UMS provides all types of marine construction for the offshore drilling industry internationally, such as Hercules Offshore, Noble Drilling and Pride Offshore, etc. UMS also provides ship repairs to the commercial marine industry and the U.S. government. UMS clients include the U.S. Navy, U.S. Coast Guard and U.S. Maritime Administration. Its management team and engineering staff has over 150 years of combined experience in marine construction. United Marine Shipyard is a subsidiary of BGI Contractors, and its operation was also formed in 1991, and specializes in the following services:

           

General Contractor -

   

Marine Construction Services:

Drill Rig Repair & New Construction, Ship Repair

Production Platforms, Marine Engineering & Design

Blast Resistant Quarters, Rig Conversions & Upgrades

Personnel Management, Marine Demolition & Salvage

 

Fabrication Services:

Alloy Pressure Vessels, High Pressure Pipe, Tanks

Structural Steel, Bins, Handrails & Ladders

 

Repair Services:

Boilers, Control Valves, Diesel Engines, Pumps

Motors, Instrumentation Equipment

BGI Contractors and United Marine Shipyard has been a trusted name in the gas & oil, petrochemical, refinery and marine industries since 1991 and has over 150 years of combined experience. Most of BGI’s management team and its President, A.B. Bernard, started the operations after the closing of Bethlehem Steel Shipyard’s marine division. Visit us at www.bgitexas.us or mail@bgitexas.us

Visit us at www.umtexas.us or mail@umtexas.us

About Structural Dynamics Engineering

Structural Dynamics Engineering develops a variety of products for the automotive industry and oil field services companies with product lines of land drilling rigs, crown blocks, top-drives, traveling blocks, rotary tables, pipe handler equipment, catwalks, automation, robotics, full repair services and equipment for material handling. Structural Dynamics Engineering has been a private owned company by Jose A. Macias, M.E. who has worked with automotive industry structural design companies and drilling services companies since 1986.

Website: www.structuraldynamicsengineering.com

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 oil and gas assets.

PGI has formed several partnerships to grow its core business organically through strategic alliances diversifying its interest in green energy through biomass production, waste to energy, wood pellets production, syn gas, bio char production and plastics to synthetic crude. PGI has several core divisions which provide support to its operations and customers such as PGI Transportation & Logistics, PGI Manufacturing & Engineering and PGI Commodities Trading.

For more information visit: WWW.PGIEnergy.us or Email: ir@pgienergy.us

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