Tourmaline Oil (TSE:TOU) has released an update.
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Tourmaline Oil Corp. and Clean Energy Fuels Corp. have opened two new compressed natural gas (CNG) fueling stations in Alberta, advancing the creation of Western Canada’s first commercial-grade CNG network. This initiative is part of a $70 million agreement aimed at displacing diesel with CNG, offering a cleaner and cost-effective fuel alternative for long-haul trucks. The network’s growth is supported by the introduction of Cummins’ X15N natural gas engine, which has been well-received in the trucking industry.
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