The Crude Life Podcast Episode 48
April 7, 2020
Guests/Topics:
Lance Medlin, Meridian Energy Group, Chief Operating Officer, Meridian Energy Group, talks about their agreement with Pinkerton.
Meridian Energy Group, Inc., the leading innovator in the petroleum refining industry, announced that the company has entered into a long-term agreement with Pinkerton, leaders in comprehensive risk management, providing risk advisory, security management and protective services to global organizations
Pinkerton, headquartered in Ann Arbor, MI, takes a unique, knowledge-based approach that leverages 170 years of legacy and institutional knowledge, blending it with innovative technology to reduce, manage, and mitigate risk.
This partnership further bolsters the risk management portfolio for Meridian, who announced last month the formation of its Environment Social and Governance (“ESG”) Committee, and the company’s alignment with the environmental and social risk management framework set forth in the Equator Principles. Under the agreement, Pinkerton will provide Risk Advisory and Security Management Services for the Davis Refinery, Meridian’s 49,500 bpd full-conversion refinery being developed in Belfield, ND. As Meridian’s main securities partner, Pinkerton will be an integral part of Meridian Energy Group’s securities structure, providing centralized leadership throughout its presence.
“Meridian can’t ask for a better strategic partner than Pinkerton – one that not only aligns perfectly with Meridian’s business philosophy, but also embodies our dedicated ESG focus,” said Lance Medlin, Meridian Executive Vice President and Chief Operating Officer. “Their proven formula Six-Phase Holistic Risk Assessment and Advisory Model approaches Corporate Risk Management in a uniquely holistic way, and will provide a customized solution to help Meridian obtain our unique risk maturity goals.”
Jason Maddox, Pinkerton Managing Director, had this to say regarding the partnership, “As Meridian’s main securities partner, Pinkerton will serve as the strategic point of contact for all solutions through their holistic approach to Security Enterprise Risk Management. As innovative leaders in our field, we look forward to supporting Meridian’s clean fuel vision and goals through our specialized solutions.”
John Mensa, Hanks Oil and Gas gives an update on the COVID-19 Shutdown in Ghana. Mensah describes
what their quarantine looks like and how Hanks Oil and Gas is adapting.
Mensah currently has business on the books and is looking to expand
into network into the United States. Mensah mentions what are some of
the services they offer and what they are currently looking for.
Daily Radio Update on The Podcast:
Josh Swanson, Vogel Law discusses how “force majeure” is becoming an issue in oil and gas and what companies should be doing right now to handle a future situation. Swanson said there have already been “triggers’ placed in energy contracts due to the COVID-19 Shutdown.
Daily Headlines:
Texas Railroad Commission seeks to delay oil and gas ta...
