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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 Jul 07, 2024 6:29pm
109 Views
Post# 36122063

Ports along Texas coast close, restrict traffic as Tropical

Ports along Texas coast close, restrict traffic as Tropical

Ports along the Texas coast started to close or restrict vessel traffic on Sunday to prepare for Tropical Storm Beryl, which was expected to strengthen back to a Category 1 hurricane before hitting the area late in the evening.

The storm, which at one point intensified to a Category 5 hurricane, left a deadly trail of destruction across the Caribbean. It swept through Jamaica, Grenada, St. Vincent and the Grenadines, in addition to unleashing heavy rainfall on northern Venezuela.

The port of Corpus Christi said it was closed after condition "Zulu" was set by the Coast Guard captain on Sunday. All vessel movement and cargo operations are restricted as gale force winds were expected within 12 hours.

Corpus Christi, about 200 miles (322 km) from Houston, is the top crude oil export hub in the United States. Port closures could bring a temporary halt to crude oil exports, shipments of crude oil to refineries, and motor fuels from those plants.

Meanwhile the ports of Houston, Galveston, Freeport and Texas City were under condition "Yankee". With gale force winds were predicted within 24 hours, all inbound vessel traffic was suspended at these ports.

Chemical maker Chemours Co (CC.N) , which has a production facility near Corpus Christi, said on Sunday it has integrated hurricane preparedness plans, including training and drills, in place to ensure its sites remain safe.

"We continue to closely monitor Beryl's track and have escalated our hurricane preparedness plans to include planning for safe and adequate staffing during and after the storm and securing our equipment and assets, should the storm make landfall near our site," the company said in a e-mailed statement.

Freeport LNG said it had implemented its weather emergency response plan, thought it did not give details. It said it intends to maintain normal operations at its liquefaction facility.

Enbridge Inc (ENB.TO), which operates large crude oil export facilities near Corpus Christi, said all assets were currently operating, adding that they had activated emergency plans for assets along or near the U. S. Gulf Coast.

Gibson Energy (GEI.TO), which also operates an export facility in the region, did not immediately reply to a request for comment on Sunday. They had said they were operational on Saturday.

Citgo Petroleum Corp was cutting production at its 165,000 barrel-per-day Corpus Christi, Texas, refinery on Saturday, sources said.

Citgo plans to keep the refinery in operation at minimum production during passage of Beryl to the east of Corpus Christi on Sunday, the sources added.

Some oil producers, including Shell (SHEL.L) and Chevron (CVX.N), had also evacuated personnel from their Gulf of Mexico offshore production platforms ahead of the storm.

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