Business
TIDEWATER MIDSTREAM AND INFRASTRUCTURE LTD. ANNOUNCES THE CLOSING OF THE ACQUISITION OF THE NORTH SEGMENT OF THE WESTERN PIPELINE
Tidewater Midstream and Infrastructure Ltd. ("Tidewater" or the "Corporation") (TSX: TWM) is pleased to announce the successful closing of the previously announced transaction to acquire, through a wholly owned limited partnership, the North Segment of the Western Pipeline System (the "Western Pipeline") from Pembina Pipeline Corporation and certain of its affiliates (the "Transaction").
About this update from Pembina Pipeline Corporation
[{"type":"text","content":"(TSX: TWM)","length":10,"tagName":"p","attribs":{}},{"type":"text","content":"CALGARY, AB, Sept. 25, 2025 /CNW/ - Tidewater Midstream and Infrastructure Ltd. ("Tidewater" or the "Corporation") (TSX: TWM) is pleased to announce the successful closing of the previously announced transaction to acquire, through a wholly owned limited partnership, the North Segment of the Western Pipeline System (the "Western Pipeline") from Pembina Pipeline Corporation and certain of its affiliates (the "Transaction").","length":471,"tagName":"p"},{"type":"image","alt":"Tidewater Midstream and Infrastructure Ltd. logo (CNW Group/Tidewater Midstream and Infrastructure Ltd.)","displaySize":"","headline":null,"caption":"Tidewater Midstream and Infrastructure Ltd. logo (CNW Group/Tidewater Midstream and Infrastructure Ltd.)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":105,"url":"https://media.zenfs.com/en/cnwgroup.com/eb87186b8adf477c67b62d1027a158f0"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/wwF4p6mGrfe7aFt.8fkgRQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTE4NTtjZj13ZWJw/https://media.zenfs.com/en/cnwgroup.com/eb87186b8adf477c67b62d1027a158f0","width":400,"height":105}},"href":"https://mma.prnewswire.com/media/2782585/Tidewater_Midstream_and_Infrastructure_Ltd__TIDEWATER_MIDSTREAM.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"The Western Pipeline is a key infrastructure asset to Tidewater, connecting the Prince George Refinery ("PGR") to crude supply in Northeastern British Columbia. Integration of the Western Pipeline within Tidewater's downstream operations and capital program is expected to deliver meaningful operational efficiencies, enhancing Tidewater's ability to optimize its feedstock procurement and cost structure at the PGR.","length":434,"tagName":"p"},{"type":"text","content":"ABOUT TIDEWATER MIDSTREAM AND INFRASTRUCTURE LTD.","length":49,"tagName":"p"},{"type":"text","content":"Tidewater is traded on the TSX under the symbol "TWM". Tidewater's business objective is to profitably grow and create shareholder value in the North American natural gas, natural gas liquids, crude oil, refined product, and renewable energy value chain. Its operations include downstream facilities, natural gas processing ...