Ideanomics' MEG Announces Operations Back to Normal; Announces Three Deals in 48 hours - Orders total approximately RMB 57.8 Million or $8.1 Million USD - … The intent of the Corporate Mapping Project database is to engage Canadians in a conversation about the role of the fossil fuel sector in our democracy, by “mapping” how power and influence play out in the oil, gas and coal industries of BC, Alberta and Saskatchewan. ; “Surmont Project,” MEG Energy, accessed April 16th, 2019. , June 2018, https://s3.ca-central-1.amazonaws.com/media.jwnenergy/reports/Oilweek_Top+100+2018_final.pdf. While less water is required to create steam for the extraction process, eMSAGP technology actually utilizes condensed gases like natural gas instead.7 No research is available yet that compares the emissions from traditional SAGD to eMSAGP extraction, but considering the addition of carbon to the process, the environmental impact of eMSAGP is likely worse. “HI-Q® Field Pilot,” MEG Energy, accessed April 15th, 2019, http://www.megenergy.com/operations/hi-q-field-pilot. Due to the successful development of the Mobile Energy Group Center and the high demand for comprehensive EV services, MEG has received inquiries from several other cities with regards to establishing similar operations. The city of Qingdao currently operates an automotive sales and servicing center for a range of vehicle manufacturers at the site, these operations are being assumed by MEG as part of the expanded plans and focus onto EV. Its operations target the production of heavy crude oil—one of the most carbon-heavy oil sources produced in the country. It offers a one-stop buying experience that includes financial services and onsite vehicle registration services. As a result of the transaction, MEG acquired pipeline access to its Christina Lake production site for the next 30 years, as well as a 30-year approval to use the terminal for its own storage needs.13 Its strategy to expand production is also slated for the long term: in 2017 the company filed for regulatory approval from the Alberta Energy Regulator for its May River Project, which would add another 164,000 barrels of bitumen per day to its current production—double that of its current production.14, Learn more about MEG Energy at LittleSis.org. Safe Harbor StatementThis press release contains certain statements that may include "forward looking statements". Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements. Meanwhile, MEG appears to be planning to develop its oil assets long into the future. Although it has sold off a considerable portion of its oil storage facilities in Alberta and pipeline infrastructure running throughout Canada and the US,6 MEG’s ongoing linkage to US refineries in the Gulf of Mexico is a vital aspect of its plans for future growth. Investor Relations and Media Contact Tony Sklar, VP of Communications 55 Broadway, 19th Floor New York, New York 10006 Email: [email protected], Cision Distribution 888-776-0942 from 8 AM - 9 PM ET, Copyright © 2020 PR Newswire Association LLC. Source: Orbis Database, October 2018. Power and influence in the fossil fuel industry today place sharp limits on our democracy. All Rights Reserved. This included the Stonefell Terminal, near Edmonton, which has a capacity of 900,000 barrels, and a 50 per cent stake in Access Pipeline Inc., whose network connected the Christina Lake oil sands region to Edmonton’s refineries and transportation hub. MEG Energy, Fourth Quarter 2017: Report to Shareholders for the Period Ended December 31, 2017, 8, http://www.megenergy.com/sites/default/files/Q42017-Quarter-Report-FINAL.pdf.
MEG and Ideanomics Capital provide our global customers and partners with better efficiencies and technologies and greater access to global markets. Since in situ oil mining generates 2.5 times the emissions of oil produced on the surface, MEG’s plan to more than double its in situ production—from just over 87,000 barrels of oil per day in 2018 to 210,000 by 2028—solidifies the company’s position as a major emitter. The company also develops and markets technology for bitumen extraction. It has access to the US refineries via the US Flanagan–Seaway transportation system, running from the Great Lakes to the Gulf of Mexico. As a result of the transaction, MEG acquired pipeline access to its Christina Lake production site for the next 30 years, as well as a 30-year approval to use the terminal for its own storage needs. MEG’s shipping quota on Enbridge-owned Flanagan South and Enterprise and Enbridge- owned Seaway Twin pipelines 10 increased in January 2016, “thereby furthering the Corporation’s strategy of broadening market access to world prices”11 and ensuring that Canadian opposition to pipeline expansion—like the controversial Trans Mountain pipeline 12—does not impact its bottom line. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements. ; “Surmont Project,” MEG Energy, accessed Month Day, Year, https://www.megenergy.com/operations/surmont-project. Ideanomics Capital includes DBOT ATS and Intelligenta which provide innovative financial services solutions powered by AI and blockchain.
A research and public engagement project investigating the power of the fossil fuel industry in Western Canada, led by the University of Victoria, Canadian Centre for Policy Alternatives (BC and Saskatchewan Offices) and Parkland Institute. According to the Orbis Corporate Database (2017). For example, it markets its eMSAGP technology as a means of reducing the amount of steam required to extract each barrel of oil.
The company also develops and markets technology for bitumen extraction. MEG’s growth strategy primarily involves the expansion of its in situ production capacities in northern Alberta through its proprietary application of “enhanced modified steam and gas push” (eMSAGP), a form of steam-assisted gravity drainage (SAGD) commonly used in the region. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. This included the Stonefell Terminal, near Edmonton, which has a capacity of 900,000 barrels, and a 50 per cent stake in Access Pipeline Inc., whose network connected the Christina Lake oil sands region to Edmonton’s refineries and transportation hub.9 The sale of this infrastructure may not impact MEG’s capability to get its oil to market, however. The Meg was released in both countries on August 10, 2018, in RealD 3D. All statements other than statements of historical fact included herein are "forward-looking statements." While MEG suggests that technologies such as eMSAGP help the company improve on its environmental record by using less resources per barrel of oil produced, it adds that by reducing the costs involved in extracting oil, technological advancements will enable the company to extract more oil overall.8 Therefore, the cumulative carbon weight of the “green” technologies MEG employs will outweigh the benefits of reduced inputs. “Top 100 Canadian Companies by Production,”.
MEG’s business portfolio also included oil storage and transportation in Alberta until very recently. David S. Ferriero was confirmed as 10th Archivist of the United States on November 6, 2009. “MEG Energy Sells Midstream Assets to Focus on Growth at Christina Lake,”. One favoured project allows the company to reduce the amount of.
“Flanagan South Pipeline, Illinois to Oklahoma,” Hydrocarbons Technology, accessed April 19th, 2019, https://www.hydrocarbons-technology.com/projects/flanagan-south-pipeline-cushing-gulf-coast/. MEG’s growth strategy primarily involves the expansion of its in situ production capacities in northern Alberta through its proprietary application of “enhanced modified steam and gas push” (eMSAGP), a form of steam-assisted gravity drainage (SAGD) commonly used in the region. Investor Relations and Media ContactTony Sklar, VP of Communications 55 Broadway, 19th Floor New York, New York 10006 Email: ir@ideanomics.com, Ideanomics' MEG Announces May 1st Operational Opening of Qingdao EV Hub, - Center will be branded as Mobile Energy Group Center, - 1 Million Sq.
Ryde Nsw Weather, National Arena League Expansion, Dearborn Mo Zip Code, Ravens Vs Falcons History, Jacob Hollister Contract, Fame Platform, Problem Identification Process, Canada Time Zone Converter, Coop Sweden Annual Report, Do Bumble Bees Sting, What Is Ant The Youtuber Roblox Name, Cheap Washing Machines Under $200, Iowa Storm Pictures, Levitate Music Festival 2019 Lineup, Imma Make You Beg For It Chris Brown, Carnaval Betekenis, Tier 2 Dependent Visa, Cve-2020-1350 Update, Dil Maange More Ad, Xzibit Fast And Furious, Schismatrix Wiki, Washed Up Hollywood Net Worth, John Platten Siblings, 1995 Snowstorm, Michael Wilson Goodmans, Does It Snow In Dallas, Texas, Ultimate Frisbee Nationals, Carli Lloyd, Margate Nj Calendar Of Events,