Business
TIDEWATER MIDSTREAM PROVIDES OPERATIONAL UPDATE FOLLOWING SUCCESSFUL TURNAROUND AT ITS PRINCE GEORGE REFINERY
TIDEWATER MIDSTREAM PROVIDES OPERATIONAL UPDATE FOLLOWING SUCCESSFUL TURNAROUND AT ITS PRINCE GEO...
About this update from Tidewater Midstream & Infrastructure Ltd.
[{"type":"text","content":"\n \n \n \n TIDEWATER MIDSTREAM PROVIDES OPERATIONAL UPDATE FOLLOWING SUCCESSFUL TURNAROUND AT ITS PRINCE GEORGE REFINERY\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n /THIS PRESS RELEASE IS NOT FOR DISTRIBUTION IN\n \n THE UNITED STATES\n \n OR TO U.S. NEWS AGENCIES/\n \n \n \n (TSX:TWM)\n \n \n \n \n \n CALGARY, AB\n \n \n ,\n \n \n June 1, 2023\n \n \n /CNW/ - Tidewater Midstream and Infrastructure Ltd.'s (\"Tidewater\") (TSX: TWM) downstream operations have resumed at its Prince George Refinery following a safe and successful planned turnaround. Scheduled on a four-year cycle, the turnaround was completed on time and on budget, with the maintenance investment representing the majority of Tidewater's 2023 capital budget.\n \n \n \n \n \n \n \n \n \n Additionally, Tidewater has resumed operations at its Brazeau River Complex (\"BRC\"), which was impacted by the wildfires in the area and related evacuation orders earlier in May. The facility outage is not expected to have a material impact on Tidewater's 2023 financial outlook. Tidewater thanks our staff, contractors, firefighters, and industry partners for all their tireless efforts and support through these wildfires.\n \n \n With major turnaround activities now complete and midstream operations fully functional, Tidewater's forecasted second half free cash flow will enhance financial flexibility that supports increasing shareholder value.\n \n \n ABOUT TIDEWATER\n \n \n Tidewater is traded on the TSX under the symbol \"TWM\". Tidewater's business objective is to build a diversified midstream and infrastructure company in the North American natural gas, natural gas liquids, crude oil, refined product, and renewable energy value chain. Its strategy is to profitably grow and create shareholder value through the acquisition and development of conventional and renewable energy infrastructure. To achieve its business objective, Tidewater is focused on providing customers with a full service, vertically integrated value chain through the ...