Tidewater Midstream

RENEWABLE AND ENVIRONMENTAL FOCUS IN OIL AND GAS

TIDEWATER MIDSTREAM

EnergyAND Environment We spoke to Tidewater Midstream about the company’s progressive environmental, employee and community centered operations within the North American oil and gas industry

Writer: Marcus Kääpä | Project Manager: David Knott

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A

key player within Canadian oil and gas, Tidewater Midstream maintains a vital role in natural gas processing, liquids upgrading, storage and transportation, marketing services and most recently, renewables initiatives to industry customers across the country.

With a mission to become

midstreamer of choice, Tidewater provides creative solutions that ensure optimum flexibility for its customers, resulting in higher returns and better outcomes. And with these enhanced solutions at the forefront of its service, the company is striving to realize full scale value across the entire North American energy value chain.

OIL & GAS

North America Outlook issue 03 | 3

TIDEWATER MIDSTREAM

Prince George Refinery “Our services are used by a wide range of small, medium and large customers with varying needs, so we are a very customer focused team” begins Joel Vorra, CFO of Tidewater Midstream. “In addition to natural gas processing and upgrading various products, we also provide markets with the transportation and processing of natural gas liquids such as propane, butane and condensate.”

Based in Alberta and British Columbia, the company also refines gasoline and diesel primarily for the Western Canadian market and offers various logistics services as well as renewable products, such as biodiesel, with sustainable options becoming increasingly popular.

“The way in which technology has progressed has shaped our future and that of the industry, and our continued focus on how we can improve our business practices for the betterment of serving our customers has driven our company,” Vorra explains.

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TIDEWATER MIDSTREAM AT A GLANCE Tidewater is a Canadian integrated midstream and infrastructure company headquartered in Calgary, Alberta. Its operations include: • Refining • Natural gas processing • Liquids upgrading and marketing • Fractionation at Tidewater’s BRC fractionation facility • Crude oil storage and transportation • Rail logistics and terminalling • Gas storage including Tidewater’s pipestone gas storage facility Tidewater is well positioned in some of the most active formations of North America, including the Montney and [Duvernay]. Its main operations and core processing plants are located in the Deep Basin, Edmonton and Montney regions of Alberta and British Columbia.

Tidewater’s strategically positioned assets transport and market hydrocarbons to local and global markets.

OIL & GAS

Pipestone Gas Plant

Dimsdale Gas Storage

Gilby Gas Plant

Sylvan Lake Gas Plant

Acheson Gas Plant

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TIDEWATER MIDSTREAM

FundThrough FundThrough has worked closely with Tidewater and thousands of other companies to help unlock cash flow tied up in accounts receivable.

Here’s what some of FundThrough’s customers had to say.

Testimonials Global Pipeline wanted to bid on a $20 million project and build their business. They needed cash flow now, not in 60 days. To get the money they needed, Global Pipeline chose FundThrough.

“Without our partnership with FundThrough, we would not be considering bidding on so many large deals at once.”

Global Pipeline

“The energy industry is a big part of the Canadian economy. We’ve seen it evolve over the years as environmental sustainability and carbon emissions have come more into focus, so it’s definitely impacted all of our lives and has evolved how we do business.”

An increased focus on renewables marks Tidewater’s shift in energy transition and providing cleaner energy to its customers across North 6 | North America Outlook issue 03

America; an exciting and driving element of business.

Since the start, Tidewater has set itself apart in the industry through its innovative nature in thinking outside the box when it comes to providing solutions for its customers.

“Having been founded in 2015, our customers were primarily upstream producers who provided products ultimately for the processing, transportation and sale in a variety of markets,” Vorra tells us. “But at the end of 2014 and into 2015, prices of crude oil, along with many other commodities, fell and it was a very difficult time for producers.

“We started the company with the primary goal to provide our customers with better pricing and alternative market options, as well as providing better customer service. As we had experience moving products to different markets throughout North America, the goal became to bring this expertise to new entities and help our customers access premium markets in Western Canada.”

The owner of Alaska Thermal Fabrications needed cash flow quickly to meet payroll and tax obligations after his company grew to 34 employees in just four years. Alaska Thermal Fabrications chose FundThrough to fund their outstanding invoices, and hasn’t missed payroll or tax payments ever since.

“I needed something simple and to keep track of invoices. I thought it would add more to my plate, but it hasn’t. FundThrough has been great for us.”

Alaska Thermal Fabrications For more than a decade, this Austinbased contracting company faced “Business As Usual” when it came to slow-paying customers and invoicing.

Its founder says that slow-paying customers are simply part of the culture in the Austin construction business.

“If I didn’t have money this easily available, I don’t know what I’d do. I don’t know how I’d pay my guys, my vendors, and for supplies.”

To learn about how FundThrough can help your business, visit www.fundthrough.com

Accelerate Your Cash Flow FundThrough is the most powerful invoice funding platform that lets you access capital on your terms.

Cash Flow Is the #1 Problem Facing Small Businesses Small businesses wait 40 days on average* to get invoices paid by customers. Leveraging technology and customer service, FundThrough cuts that waiting time by 97% and accelerates cash flow for its clients. * Based on FundThrough 2020 client data.

Stop Waiting for Payments FundThrough’s invoice funding platform lets you access unlimited working capital that’s tied up in accounts receivable due to slow-paying customers.

Take On Large Clients Have full confidence knowing you can unlock the full value of your unpaid customer invoices. Fill larger orders and take on bigger customers, on your terms.

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TIDEWATER MIDSTREAM This innovative spirit is embodied in the company’s past and present projects. Tidewater is currently undergoing a renewable energies canola co-processing initiative that is aimed to be operational by the end of 2021. This project will see canola being used as a feedstock to produce renewable diesel which will lower the carbon intensity by 80 to 90 percent, a substantial reduction in carbon emissions.

Tidewater is also evaluating a renewable diesel project that has garnered significant support from the provincial government in British Columbia. If sanctioned, the $225 million capital project with approximately $100 million of capital support from the BC Government would equate to approximately 70,000 to 80,000 cars being removed from the road.

TIDEWATER’S MISSION AND VISION The company’s mission is to become the midstreamer of choice by providing creative solutions that ensure optimum flexibility for its customers, thus resulting in higher returns.

Its vision is to be a people focused, growth oriented, high return midstream and infrastructure organization, offering customers and shareholders maximum value by leveraging its strengths of creativity, speed-to-market, integrity and execution.

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121 Kuusamo Drive, Red Deer County

403-887-5400

AB, T4E 2J5

sales@tri-energy.ca

PROVIDING A PROVEN “FULL SERVICE” SOLUTION

Our success is built on a strong foundation of client partnerships formed over the years with a reputation of delivering superior results. We pride ourselves on our proven “full service” solutions; delivering an effective balance of safety, quality, schedule and cost management. At Tri-Energy our goal is to excel in every service we provide adding value for our clients wherever possible, being a leader in best class solutions.

Our valued and experienced team of professionals have a proven track record, offering innovative and cost effective solutions while maintaining exceptional standards in the industry.

Whether it be construction of new facilities, managing turnaround and shutdowns, additions or repair and maintenance to existing facilities, fabrication or scaffolding requirements, we offer the resources to execute projects with quality workmanship on time and on budget. We are ready to take on any challenge and are committed to successfully meeting the needs of our clients.

TIDEWATER MIDSTREAM

Wrapex Canada WRAPEX understands that there is no one-size-fits-all approach when it comes to Industrial Insulation, Scaffolding, Products and Services.

Since 1982 WRAPEX has been offering unique turnkey solutions for new construction, expansion, or repair projects based on space, budget, and preferences.

Under its new Management team, WRAPEX combines our time-tested techniques with state-of-the-art equipment, highly experienced and welltrained crews, to offer clients a safe, high quality execution that meets, or even beats, deadlines.

Our experienced teams have serviced major construction and maintenance projects throughout Western Canada.

We have an in-depth understanding of environmental and climatic challenges through the life cycle of your project.

‘ON TOP OF THE COMPANY’S SUSTAINABILITY INITIATIVES, TIDEWATER IS COMMITTED TO CONDUCTING ITSELF IN A MANNER THAT PROTECTS THE HEALTH AND SAFETY OF THE PUBLIC AND ITS WORKFORCE DURING AND THROUGHOUT ITS PROJECTS AND OPERATIONS’ “Project Forest is another great initiative that we joined back in October of 2020,” says Scott McLean, Vice President, Health, Safety, Environment and Regulatory at Tidewater.

“It’s a non-profit organization based in Alberta with the goal of bringing like-minded organizations together and combining efforts to rewind the environmental clock.

Replanting trees and removing carbon from the air naturally is a big driver behind what we want to achieve, and it’s very important to us that we’re participating in initiatives such as this. We have partnered with external businesses and committed 10 | North America Outlook issue 03

to a five-year partnership that will see over 20,000 trees planted throughout Canada.

“Our first planting is aimed to start this summer in Edmonton, Alberta, and we’re going to be planting some 4,000 trees.”

On top of the company’s sustainability initiatives, Tidewater is committed to conducting itself in a manner that protects the health and safety of the public and its workforce during and throughout its projects and operations. The company has a highly skilled workforce and provides ongoing training to maintain the skills and understanding necessary for a safe and healthy work environment.

WRAPEX offers a unique selection of insulation and scaffolding products including glycol tracing, utilidor and acoustic blankets and curtains. These products will ensure the thermal efficiency of any operation, the protection of sensitive infrastructure and the safety of all members on a work site.

WRAPEX Scaffolding Division also designs and installs shrink wrap to support shipping, containments, winterization, and preservation on construction sites.

WRAPEX locations in Edmonton, Lloydminster, Rocky Mountain House and Surrey offer their clients unlimited customization of insulation solutions without compromising safety or operational efficiency. Their highly skilled manufacturing and field measurement teams combined with multiple soft covers manufacturing facilities can handle any size project and arrange delivery to meet the most demanding projects schedules.

• • • • • • • •

Industrial Insulation Utilidor Glycol Tracing Scaffolding Shrink Wrapping Removable Insulation Blankets Tracer Wrap Acoustic Blankets & Curtains

To find our more visit www.wrapex.ca

e are w o h W LEADER IN INDUSTRIAL INSULATION & SCAFFOLDING IN WESTERN CANADA Established in 1982, Wrapex Industrial Services Incorporated is a leader in Industrial Insulation, Glycol Tracing, Utilidor and Scaffolding Services throughout western Canada including in Alberta, British Columbia, Manitoba and Saskatchewan.

Wrapex proudly serves clients in the oil & gas, oilsands, petrochemical, pulp and paper and commercial sectors

Industrial Insulation

Soft cover Blankets

Scaffolding

Shrink wrapping

www.wrapex.ca

info@wrapex.ca 1-800-208-6264 Edmonton - Rocky Mountain House - Lloydminister - surrey

TIDEWATER MIDSTREAM

TIDEWATER’S VALUES The company’s values reflect how it does its work and develops relationships both in the company and externally, and are reflected in the following: SAFETY: Tidewater is committed to the highest level of safety for its staff, contractors, customers and communities.

INTEGRITY: All Tidewater staff uphold the highest standards of integrity through their actions.

RESPECT: The company highly respects its people, encourages personal development and rewards performance.

ACCOUNTABILITY: It exhibits a strong sense of ownership and a will to succeed and are personally accountable to deliver on its commitments to customers, shareholders and staff.

CUSTOMER SERVICE: Tidewater provides second to none service, builds and maintains relationships and provides creative solutions that make a positive impact on its customers’ bottom line.

TEAMWORK: The company works hard to create a culture that traverses all boundaries to meet customer needs and help the company and its shareholders be successful.

COMMUNITY: The company is an excellent steward of the environment and it strongly supports the communities in which it operates.

Tidewater’s health, safety and environmental policies set an expectation that everyone within the company must share in the responsibility to work safely and responsibly, while meeting or exceeding all applicable laws and regulations.

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Tidewater regularly reviews its safety performance, conducts safety audits and shares experiences and best practices within the organization and, at times, with others in industry.

The company has adopted a suite of policies, procedures and safe operating practices which it reviews,

FLUID TRANSPORTATION SERVICES FOR THE ENERGY INDUSTRY

www.nordicenergycanada.com

TIDEWATER MIDSTREAM

BULLMOOSE CAPITAL Bull Moose Capital has helped its clients grow their businesses by financing, selling and tailor fitting natural gas compression and power generation solutions for over two decades.

Bull Moose Capital owns the largest rental fleet of natural gas compressors and natural gas power generators in Western Canada. It has in house capabilities to properly engineer and deliver quick solutions that accurately fit each application.

Bull Moose Capital takes pride in delivering superior solutions and its customers success. Congratulations to Tidewater on its growth and execution on such a creative business plan.

www.bullmoosecapital.ca

“OUR LEADERSHIP DRAWS FROM CAREER EXPERIENCE ACROSS THE ENERGY VALUE CHAIN, TO DELIVER ON THE TIDEWATER MISSION, VISION AND VALUES, LEADING BY EXAMPLE”

evaluates and updates based on changes in laws and regulations, technology developments, industry standards and the operational needs of its facilities. Tidewater also has formal incident reporting processes, which allow it to, among other things, identify and track incidents and near misses; identify, implement and follow up on appropriate corrective actions; 14 | North America Outlook issue 03

and share learnings. Tidewater also carries out investigations to understand factors that might cause or contribute to incidents and seeks to learn from its experiences, as well as industry learnings, in order to prevent the occurrence or recurrence of an incident. Reports of activities and performance under Tidewater’s health and safety management system are also provided regularly to each of the Corporate Governance, Compensation, Nomination, Health, Safety and Environment Committee and the Board.

JED Environmental JED Environmental is honoured to be a valued business partner of Tidewater Midstream and Infrastructure Ltd. As a proud supplier in their environmental supply chain, JED Environmental has been dedicated to the environmental industry for over 15 years.

With our main branch in Penhold, AB and a secondary branch in Lloydminster, AB, our wide range of specialized drilling equipment and years of industry experience can provide the best possible site data for your next environmental, geotechnical or mining drilling project.

AT JED Environmental we bring a firm commitment to achieving excellence at every level of the project cycle.

Thank you to Tidewater Midstream and Infrastructure Ltd. and all our valued customers for their continued support.

OIL & GAS

Congratulations to Tidewater Midstream on all of its Success

www.bullmoosecapital.ca

Providing natural gas compression, power generation and, flexible financing solutions since 2004

BULLMOOSE

CAPITAL

WWW.BULLMOOSECAPITAL.CA

A Job Well Done. Every Client.

1-888-878-8895 www.jeddrilling.ca

Every Time.

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TIDEWATER MIDSTREAM This level of professionalism extends to incorporate every one of Tidewater’s partners and suppliers, each of which are absolutely key to the company’s operations.

“The success of our organization is tied completely to our partnerships and vendors,” McLean assures us.

“It’s really important for us that

we only partner with like-minded organizations that put people and community first, with environmental stewardship coming soon after.

“People are at the heart of Tidewater, as are the vendors that we choose to work with on a daily basis that are typically smaller localized businesses that provide excellent mutual value to either side. These localized partners are incredibly important to the company, and many of them have been with us since the beginning.

On top of this, as our operations run 24 hours a day, we rely heavily on our vendors and partners to make sure that everything’s operating all the time and in a safe manner.”

Where partners and suppliers provide vital services externally to the company, the critical cog in Tidewater’s continuous operation are the dedicated and hardworking employees and the management team that leads them.

Worley Cord Cord’s relationship with Tidewater Midstream began in 2018, when we were contracted to deliver construction and fabrication services for their Pipestone Sour Gas Plant.

We led the fabrication and construction scopes including the precommissioning and commissioning support. We worked closely with Tidewater from the start towards one project goal.

This resulted in an overall successful project in which we hope to leverage for future successes collaborating together.

worleycord.com

OIL & GAS

Construction-led solutions for a more sustainable world

42

years of experience

• Modularization, fabrication, EPC • Fab/mod yards in Edmonton, Blackfalds, Pickering & Houston • Multidisciplinary execution • Robotic welding

worleycord.com

WWW.TYRODINDUSTRIES.COM

Northern Reliability.

Here and Now. Corestock Supply was established in 1998, and has been continually growing and expanding our inventory ever since. We have the largest industrial inventory in Northern B.C., making it possible to meet the demands and deadlines our customers’ require at any given time.

We carry multiple kinds of pipe in various sizes ranging from 1/8” up to 36”, in materials such as 316 stainless, A53, A106 seamless, A333, etc. in schedule 40 up to schedule 160. We also have a large inventory

of flanges up to 1200# and various styles and sizes of valves to match. We also manufacture and sell hoses for almost any application from drinking water to sulphuric acid, and have an extensive inventory of all the different types of hydraulic fittings.

With a focus on service and reliability, our locally owned company has a customer base across a multitude of industries. We strive in building strong relationships with our customers to ensure every visit is personable and easy.

229 Ongman Road, Prince George, B.C, V2K 4K9 Phone: (250) 564-3001 | Fax: (250) 564-3002 Hydraulics contact: cassie.savage@corestock.ca Pipe, valves, fittings: steve.dawson@corestock.ca

Specialising in oil & gas pressure piping systems 580 Richard Rd, Prince George BC V2K 4L3 | P. +1 250-596-1640

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TIDEWATER MIDSTREAM

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OIL & GAS

OUR SERVICES

INTEGRATED DOWNHOLE SOLUTIONS PROVIDER

PIPELINE

MAINTENANCE

FABRICATION

FACILITY

ELECTRICAL & INSTRUMENTATION

MAC (Metallic Alloy Coating) Product Line PRODUCT DESCRIPTION: MAC coatings provide corrosion and wear protection barriers to metallic substrates. MAC coatings are tailored to specific operating environments. Deposits are low porosity, have inherent lubricity & non-galling characteristics, and operating temperatures up to 880°C. MAC100Cc (Corrosion Control) | MAC200Wc (Wear Control) Micro Hardness of 450-500HV as coated *MAC100Cc. Hardness can be increased for heavy wear use to 1150-1100HV using our proprietary technologies and heat-treatment.

APPLICATIONS: • Tubing, Casing, Sucker Rods • Accessories & parts experiencing corrosion and erosion.

• Water Injection/disposal wells • Paraffin wax, sulphur deposition or scale issues • High wear sections in rod pumping applications • Horizontal and deviated build sections • Hydroelectric turbine components

BENEFITS No ID Restriction | Low coefficient of friction & natural lubricity | Complete protection of tubing string including threads & coupling | Suitable for gas lift, injection & disposal wells, CO2 injection & H2S producing wells | No special running tools (wireline / slick line) | 100% Canadian owned | MAC coatings are ideal for coating projects, components and accessories

info@propipecanada.com | www.propipecanada.com “We empower each and every employee by treating each one like family,” McLean tells us proudly. “We started off as a small organization from the ground up and continued to grow.

“We acquired many facilities in the last five years, and we also acquired the great people that have worked there, in some cases for decades, or even generations. We have one facility in which three different generations of dedicated workers are working together and interacting with the community, and they are each an incredibly vital part of the company.

“Treating them like family starts with respect and compassion, and that’s something that we bring to the table every day across the whole organization and across all levels of leadership and management. It’s an aspect of our work culture that is really ingrained, and we recognize everybody’s efforts from the employees to the management staff.

We are a customer focused solution

CONTACT US 780-542-4834

bobdale@bobdaleoilfield.com

www.bobdaleoilfield.com BOB DALE IS A DIVISION OF STRIKE GROUP

driven organization, and we rely on all these people every day to bring good solutions to the table if they’re encountering a problem, and they’re recognized as individuals just as they are teams for their contributions.”

Tidewater’s employee-centric culture surrounds the company’s success, and communal ownership of the organization reflects this.

“Our employees are aligned with the success of our shareholders, stakeholders and partners, and they are rewarded in turn,” McLean tells us.

“Over 95 percent of our employees are owners of the company through direct ownership of stocks and shares.”

Into the future, Tidewater has plans to increase its environmentally orientated goals. This will be aided by the significant provincial and federal government support Tidewater continues to receive to evaluate and ultimately invest in additional renewable fuels and carbon capture projects.

In line with this, the course of

2021 will see Tidewater’s inaugural sustainability report being published; a large step towards wholly increasing the company’s commitment to environmental support.

On top of this, the company is focusing on increasing job opportunities in areas where it operates, including British Columbia and Alberta, ensuring that the localized regions in which the company’s employees work and live are supported as a whole interconnected community.

Spearheading environmental and community centred operations, Tidewater is moving ahead through the 2020s with progression at the fore.

Tel: 587-475-0210 info@tidewatermidstream.com www.tidewatermidstream.com

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TIDEWATER MIDSTREAM 222 3 Ave SW #900, Calgary, AB T2P 0B4 Tel: 587-475-0210 info@tidewatermidstream.com www.tidewatermidstream.com

PRODUCED BY NORTH AMERICA OUTLOOK MAGAZINE