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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 May 15, 2024 6:06pm
58 Views
Post# 36042147

Freeport LNG Plant in Texas Resumes Full Operations, Ships Q

Freeport LNG Plant in Texas Resumes Full Operations, Ships Q

(Reuters) — LNG tankers began loading at Freeport LNG in Texas this week as full operations resumed at the liquefied natural gas export plant after repairs and maintenance, data from financial firm LSEG showed on Wednesday.

Outages at the second-largest U.S. liquefaction plant have pushed U.S. gas prices lower and raised LNG prices in Europe in the past. The plant, which has been undergoing repairs for several weeks, has resumed full operations, a Freeport LNG spokesperson confirmed.

The Shinshu Maru LNG tanker was moored at Freeport LNG's terminal on Wednesday, and Flex Vigilant departed on Tuesday, LSEG data showed.

Three other LNG tankers - the Ignacy Lukasiewicz, the LNG Enterprise and the Prism Courage - are waiting offshore to load, according to the LSEG data.

Natural gas use at the plant was 2.121 billion cubic feet on Wednesday, the highest since May 2023, the LSEG data showed. The plant can produce up to 15 million metric tons of LNG per year.

In late March, Freeport had said it expected two of the three liquefaction trains, Trains 1 and 2, to remain shut until May for inspections and repairs, while Train 3 was operating. However, Train 3 shut, at least temporarily, around April 11.

Each of the plant's three liquefaction trains can turn about 0.7 billion cubic feet per day of gas into LNG.

One billion cubic feet is enough gas to supply about 5 million U.S. homes for a day.

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