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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 Aug 27, 2023 2:37pm
103 Views
Post# 35607319

Russia and Ukraine battle for Black Sea gas, oil platforms:

Russia and Ukraine battle for Black Sea gas, oil platforms:

 

Fighting has been breaking out around gas and oil platforms in the Black Sea, according to a new update on the Russia-Ukraine war from the UK Ministry of Defence.

The update, which was shared on X, formerly known as Twitter, said that air and naval forces had been battling it out around strategic platforms between Crimea and Odesa.

"The platforms are operated by the Chernomorneftegaz company, which was seized by the pro-Russian occupation authorities in Crimea during the 2014 annexation," the report says.

"Ukraine has struck several Russian-controlled platforms. Both Russia and Ukraine have also periodically occupied them with troops," it adds.

The platforms offer "valuable hydrocarbon resources" and could be used to hold missile systems, land helicopters, or as forward deployment bases.

The Black Sea is a key spot in the Russia-Ukraine conflict, and it has become a hotbed of military activity in the war.

The Ministry of Defence's update says one Russian fighter jet shot at a Ukrainian military boat that was close to a platform in the north-west of the sea last week.

Ukraine has also struck several Russian-controlled platforms in the Black Sea, including three gas platforms that Russia had converted into "small garrisons."

Last year, military expert Oleg Zhdanov said that the towers were like the "ears and eyes of the Russian Black Sea Fleet," according to Offshore Energy.

Ukraine has also used many of its hi-tech sea drones in the area, with Ukrainian intelligence chief Kyrylo Budanov saying they had successfully paralyzed Russia's Black Sea fleet using the drones.

Budanov added that the naval drones were a highly effective "deterrent" despite 60-70% of them being destroyed by Russian forces.

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