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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 Oct 13, 2023 7:42pm
140 Views
Post# 35683220

Finland to Restrict Access to LNG Port After Gas Pipeline Da

Finland to Restrict Access to LNG Port After Gas Pipeline Da

(Reuters) — Finland on Friday was tightening access to key parts of the country's Inkoo port, where a vessel to import LNG was installed last year, as part of efforts in the wider region to intensify security at energy installations.

The move follows sudden damage on Sunday to a gas pipelineand telecoms cable connecting Finland and Estonia, in what investigators believe could have been deliberate sabotage.

Separately, Britain said it would step up its military presence in Northern Europe, including deploying 20,000 troops to the region next year, to help protect critical infrastructure at a time of growing concern over Russian sabotage.

The announcement comes after a meeting of the leaders of Britain, Nordic and Baltic countries on the Baltic island of Gotland, during which damage to the pipe and cable was discussed.

British Prime Minister Rishi Sunak also met with Norwegian Prime Minister Jonas Gahr Stoere where the pair agreed on the need to reinforce security around subsea infrastructure.Norway supplies via pipelines about one third of all gas consumed in Britain.

The outage on the Balticconnector pipeline makes Finland more dependent on importing gas via the Exemplar floating storage and regasification unit (FSRU) installed at Inkoo, the largest of two Finnish LNG receiving facilities.

The terminals alone can make up for the supply lost via the damaged pipeline, market observers have said, and would give Finland enough capacity to cover peak winter demand.

The Finnish interior ministry said it has launched a working group with the aim of adding the Inkoo port to a national decree on movement and residence permit restrictions.

"The decree contains items where movement and residence are restricted under the Police Act," it said in a statement.

There are currently 230 facilities on the interior ministry's list of restricted areas.

Inkoo is also the landing point on the Finland end of the damaged pipeline.

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