Business
EQS-News: Metawells Oil & Gas Inc. (KOSK) and Global Bringing Game-Changing Technology to the Market
EQS-News: Metawells Oil & Gas Inc. (KOSK) and Global Bringing Game-Changing Technology to the Market.
About this update from Metawells Oil & Gas Inc.
[{"type":"text","content":"\n\n\n\n\t\n\n\n\n\n\n\n\n\n\nEQS-News: Metawells Oil & Gas Inc.\n\n\n / Key word(s): Energy\n\n\n\n\n\nMetawells Oil & Gas Inc. (KOSK) and Global Bringing Game-Changing Technology to the Market 05.06.2024 / 22:03 CET/CEST\n\n\n\nThe issuer is solely responsible for the content of this announcement.\n\n HARRISON, NY - (NewMediaWire) - June 05, 2024 - Metawells Oil & Gas\nInc. (OTC Pink: KOSK) (\"KOSK\" or the \"Company\"), and Global\nOil & Gas Recovery Corp. (GlobalOG) release information on the patented\nMobile Refining Unit (MRU) solution developed for producing green fuels from\nwasted natural gas.\n\nMethane emissions are among the\ntop causes of global warming responsible for around 30% of the rise in global\ntemperatures since the Industrial Revolution; it is the second largest\ncontributor to global warming after CO2. Methane tends to leak into the\natmosphere undetected from drill sites, gas pipelines and other oil and gas\nequipment, so reining in methane emissions can have a more immediate impact on\nlimiting climate change. The market segments include oil and gas, landfill gas,\nbio gas, shale gas, large scale to produce diluents to transport heavy oil to\nthe US market. In Canada, the Alberta Energy Regulator is shutting in wells\nthat can’t meet the emission objectives. \nFurthermore, EPA's new policies will ban routine flaring of natural gas\nproduced by newly drilled oil wells, require oil companies to monitor for leaks\nfrom well sites and compressor stations and establishes a program to use third\nparty remote sensing to detect large methane releases from so-called\n\"super emitters\".\n\nTackling\nmethane emissions is one of the most cost-effective ways to reduce greenhouse\ngas emissions. The MRU\ntechnology\ndeveloped and patented by PENG for GlobalOG, addresses the flaring, venting and\nleaking abandoned wells issue by capturing the wasted methane gas and\nconverting it to a usable fuel. The MRU technology converts methane to liquid\nby applying a catalytic partial oxidation (CPOX) step in a milli-second\nreactor. This compact reactor costs a\nfraction of steam methane reforming (SMR) because it is exothermic rather than\nendothermic and so heat management is much simpler. The patented MRU technology\nis currently in final development stages and could be ready for production in\nlate...