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Bullboard - Stock Discussion Forum 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... see more

TSX:NVA - Post Discussion

Nuvista Energy Ltd > Ukrainian Drones Target Russian Ship At Major Oil Export Ter
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Post by Carjack on Aug 04, 2023 11:29am

Ukrainian Drones Target Russian Ship At Major Oil Export Ter

Ukrainian security services and navy hit with drones a Russian Navy ship outside the Russian oil export port of Novorossiysk on the Black Sea. 

The Russian Navy landing ship, Olenegorsky Gornyak, was damaged in the attack, Ukraine says, while Russia said it had repelled the attack. 

Videos of the purported attack started circulating in social media. Sources have told Ukrainian media outlet “Ukrainska Pravda” that Ukraine’s security service, SBU, and the Ukrainian Navy carried out the operation with a drone packed with 450 kg (992 pounds) of TNT, FT’s correspondent in Kyiv, Christopher Miller, reported.     

Novorossiysk, a navy and oil export port in Russia on the Black Sea, east of Crimea, is exporting around 600,000 barrels per day (bpd) of oil and is the key export outlet for most of Kazakhstan’s crude oil, too. 

Operations at the oil terminal were suspended briefly in the morning local time. 

The Caspian Pipeline Consortium (CPC) whose pipeline for Kazakhstan’s oil ends at the port and which operates a terminal at Novorossiysk, said that there was a temporary ban on ships movement in the CPC water district and the port of Novorossiysk, but the ban has been already removed. Tanker loadings continued, and the infrastructure operated by the consortium has not been damaged, CPC added. 

The attack outside the port of Novorossiysk was the first such attack against Russian oil export infrastructure since the Russian invasion of Ukraine began in February 2022. 

The attack comes after Russia has targeted with strikes the Ukrainian Black Sea port of Odesa, causing damage and fires at facilities crucial for Ukraine’s grain exports. 

“Anything that risks curtailing Russian oil supply to the market is not going to be welcomed by the White House,” Helima Croft, a former CIA analyst and currently head of global commodity strategy at RBC Capital Markets, told FT. 

 
Comment by Carjack on Aug 04, 2023 12:26pm
A Russian warship has been destroyed after a Ukrainian drone strike at a navy base in the Black Sea. Ukrainian sea drones attacked the Russian base near the port of Novorossiysk overnight, and at least one of the fleet capsized. The attack prompted the Novorossiysk port to temporarily halt all ship movement, according to the Caspian Pipeline Consortium, which operates an oil terminal there ...more  
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