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Nuvista Energy Ltd NUVSF


Primary Symbol: T.NVA

NuVista Energy Ltd. is an oil and natural gas company, which is engaged in the exploration for, and the development and production of, oil and natural gas reserves in the Western Canadian Sedimentary Basin. Its primary focus is on the scalable and repeatable condensate rich Montney formation in the Alberta Deep Basin (Wapiti Montney). Its core operating areas of Wapiti and Pipestone in the Montney formation are located near the City of Grande Prairie, Alberta, approximately 600 kilometers northwest of Calgary. Its Montney Formation is a shale gas and shale oil resource. The Montney formation in the Wapiti area is a thick (200m+) section of hydrocarbon-charted fine-grained reservoir found at depths ranging from 2,500-3,500m.


TSX:NVA - Post by User

Post by Carjackon Sep 15, 2023 12:20pm
72 Views
Post# 35638445

PipeChina Starts Laying Second Gas Line Linking Sichuan to E

PipeChina Starts Laying Second Gas Line Linking Sichuan to E

(Reuters) — China Oil & Gas Pipeline Network Corporation, or PipeChina, said on Friday it has started building a second trunk line connecting gas fields in southwest China with the east coast capable of carrying 20 billion cubic meters (Bcm) of natural gas a year.

The pipeline will originate in the southwestern province of Sichuan and with a total length of 4,269 km (2,653 miles) will join the existing pipeline grid that crisscrosses China, eventually reaching regasification terminals in Zhejiang and Fujian provinces on the east coast, PipeChina said on its official WeChat platform.

The new project adds on to the existing Sichuan-to-East line that began pumping gas in 2010 from gas fields in Dazhou in Sichuan province to Shanghai and currently transports 15 Bcm of gas annually.

The new line will be built in phases. Under the first stage PipeChina will lay a 1,576-km (979 miles) western section that will also include 12 branches, crossing the Chongqing municipality and provinces of Sichuan and Hubei.

PipeChina did not specify when the whole project will be completed or give the size of investment.

An additional 20 Bcm of annual natural gas supply would cut carbon dioxide (CO2) emissions by more than 29 million tons a year versus the equivalent use of coal, PipeChina said.

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