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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 Sep 14, 2023 9:18am
67 Views
Post# 35635627

Chevron reports LNG outage at Australian plant as strike act

Chevron reports LNG outage at Australian plant as strike act

SYDNEY (AP) - A Chevron Corp. liquefied natural gas plant in Australia reported a production outage Thursday as workers escalated a strike action against facilities that provide more than 5% of global LNG supplies.

The U.S. energy giant said in a statement that it was working to resume full production at its Wheatstone facility "following a fault which has impacted about 25% of LNG production."

"The cause has been identified and restart activities have commenced," the statement said.

Chevron's Wheatstone and Gorgon plants in Western Australia state account for more than 5% of global LNG supply.

Chevron did not link the disruption to an escalation Thursday in the strikes at its Wheatstone and Gorgon LNG plants. Around 500 workers at the two Chevron sites have been taking limited strike actions since Sept. 8 in a dispute over wages and conditions.

The Offshore Alliance, a partnership between the Australian Workers´ Union and the Maritime Union of Australia that represents workers in Australia´s offshore oil and gas industry, said on social media that industrial action had "escalated today on the Chevron facilities and will continue to escalate over the coming days and weeks."

The alliance did not immediately respond when asked Thursday to explain how the industrial campaign had escalated or what was planned.

Chevron lawyers told an industrial court this week that the labor action posed a "significant risk" to production.

 
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