Stonefell Terminal definition

Stonefell Terminal means the terminalling and storage facility located approximately three miles east of the Sturgeon Terminal and with a capacity of approximately 900,000 bbls.
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Stonefell Terminal means the terminalling and storage facility owned 100% by MEG which is located approximately three miles east of the Sturgeon Terminal and with a capacity of approximately 900,000 bbls.
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Examples of Stonefell Terminal in a sentence

  • In addition to the Access Pipeline, the Corporation owns the Stonefell Terminal, located near Edmonton, Alberta, which offers 900,000 barrels of terminalling and storage capacity.

  • During the first quarter of 2018, the Corporation successfully completed the sale of its 50% interest in the Access Pipeline and its 100% interest in the Stonefell Terminal for proceeds of $1.52 billion (net of transaction costs of $18.5 million).

  • In the first quarter of 2018, the Corporation successfully completed the sale of its 50% interest in the Access Pipeline and its 100% interest in the Stonefell Terminal.

  • Runways 28L and 28R are each served by a precision electronic Instrument Landing System (ILS).

  • Sale and leaseback accounting During the first quarter of 2018, the Corporation sold its 100% interest in the Stonefell Terminal and management determined that the sale of the Stonefell Terminal and the subsequent lease of the terminal should be accounted for as a sale and leaseback transaction that resulted in a finance lease.

  • The Stonefell Terminal is connected to the Access Pipeline and is also connected by pipeline to a third party rail‐loading terminal.

  • LIQUIDS PIPELINESNorlite Pipeline System (the Fund Group)Norlite Pipeline System, a diluent pipeline originating from the Company’s Stonefell Terminal, was placed into commercial service on May 1, 2017.

  • Northern Gateway specifically mentions the Stonefell Terminal which is adjacent to the Bruderheim Station and indicates that other connections are also possible.

  • As a result of the sale of the Corporation’s 50% interest in Access Pipeline and its 100% interest in the Stonefell Terminal in the first quarter of 2018, $67.3 million of the associated pipeline linefill was transferred from property, plant and equipment to other assets.

  • Management applied judgment to determine that the sale of the Stonefell Terminal and the subsequent lease of the terminal should be accounted for as a sale and leaseback transaction that resulted in a finance lease.

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