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Nuvista Energy Ltd T.NVA

Alternate Symbol(s):  NUVSF

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 21, 2022 11:29am
141 Views
Post# 34700368

Germany, Qatar Sign Energy Partnership Agreement Focused on

Germany, Qatar Sign Energy Partnership Agreement Focused on

(Reuters) — Germany and Qatar signed on Friday a declaration to deepen their energy partnership, with a focus on trade in hydrogen and LNG, as Europe's biggest economy looks for alternative supplies amid Russia's invasion of Ukraine.

The partnership deal foresees regular meetings between authorities from both countries and creates a working group focused on developing trade relations in LNG and hydrogen, as well as one devoted to renewable energy.

Qatar's Emir Sheikh Tamim bin Hamad al-Thani was in Germany for the signing of the deal with German Economy Minister Robert Habeck, who travelled to Qatar in March, along with officials from German utilities RWE and Uniper, for talks on long-term LNG supply deals.

The agreement does not mean long-term LNG deals will be concluded, three people familiar with the supply deal talks told Reuters earlier this month.

Those talks face challenges, they said, with Berlin reluctant to commit to Qatar's conditions to sign deals of at least 20 years to secure the massive LNG volumes Germany needs to reduce its dependence on Russian gas. 

Russia is currently the largest supplier of gas to Germany, and Habeck has launched several initiatives to lessen Berlin's energy dependence on Moscow since the invasion of Ukraine.

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