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Bullboard - Stock Discussion Forum 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... see more

TSX:NVA - Post Discussion

Nuvista Energy Ltd > Mexico's Pemex to Hand Over Natural Gas Project to Business
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Post by Carjack on Apr 18, 2024 1:46pm

Mexico's Pemex to Hand Over Natural Gas Project to Business

(Reuters) — Mexican state oil firm Pemex has agreed to hand over control of its Lakach natural gas project in the Gulf of Mexico to Grupo Carso, a company belonging to Mexican billionaire Carlos Slim, El Heraldo columnist Dario Celis reported on Thursday.

Celis did not cite sources for the information and neither Pemex nor Slim's team immediately responded to requests for comment.

Two sources told Reuters last month that Pemex and Slim's team were in talks over reviving the development of the Lakach field, the Latin American country's first deepwater natural gas field, a plan that has been shelved twice before.

The sources said Pemex considered finding a new partner a top priority to boost the field, hailed as a potential gateway to a new deepwater Mexican gas frontier, after U.S. liquefied natural gas company New Fortress Energy pulled out last year.

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