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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 17, 2022 10:37am
71 Views
Post# 34901954

Two Oil Pipelines Destroyed by Explosives in Nigeria, Office

Two Oil Pipelines Destroyed by Explosives in Nigeria, Office

(Reuters) — Nigerian police said on Tuesday two oil pipelines that feed the Brass export terminal, one of Nigeria's export streams operated by Italian group Eni, were recently blown up by explosives.

Brass is one of the major onshore crude grades, and the terminal has a capacity to export some 200,000 barrels per day.

Asinim Butswat, spokesman for police in Bayelsa state, said in a statement that a trunkline carrying crude from Omoku to Brass Terminal at Etiama was blown up July 30. On Aug. 11, an improvised explosive device blew up another pipeline at Obama Tekere River, which also supplies the terminal.

Four suspects have been arrested after a gun battle with police, Butswat said.

Eni has yet to comment on the issue. Its exports were last under force majeure in March after a blast on another Brass pipeline.

Disruptions to oil production are common in the oil-rich Niger Delta region, where pipelines are often vandalized and crude stolen for illegal refining.

 
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