Frontier

Noble Energy Inc., whose exploration efforts are spread across the globe, last week gave investors a peek at five frontier plays, including a promising unconventional find in an overlooked area of Nevada.

Noble Energy Inc., whose exploration efforts are spread across the globe, on Thursday gave investors a peek at five frontier plays, including a promising unconventional find in an overlooked area of Nevada.

Exploration for oil and natural gas is to begin as early as this summer well beyond the Arctic Circle by Canadian subsidiaries of Statoil SA and Chevron Corp.

The Norwegian pioneer of going to northern offshore extremes for production and exports of liquefied natural gas (LNG) has set out to transplant the industrial frontier arts to Canada.

A unit of China’s Sinopec Group on Tuesday agreed to invest $2.2 billion to acquire a one-third interest in five of Devon Energy Corp.’s frontier unconventional oil and gas fields.

While there are probably no significant shale gas supplies coming out of Nevada any time soon, there are some longer-term prospects, and in the meantime state oil and gas stakeholders are keeping an eye on shale developments in the Rockies and Western Canada, according to a gas engineering specialist at the Nevada Public Utilities Commission (PUC).

Offshore the East Coast in the Atlantic Continental Shelf, a treasure trove of energy reserves could be deep beneath the water, holding as much as 37 Tcf of natural gas and 3.8 billion bbl of oil, IHS Cambridge Energy Research Associates (CERA) said late Wednesday.

Offshore the East Coast in the Atlantic Continental Shelf, a treasure trove of energy reserves could be deep beneath the water, holding as much as 37 Tcf of natural gas and 3.8 billion bbl of oil, IHS Cambridge Energy Research Associates (CERA) said late Wednesday.

Canadian natural gas producers telegraphed intentions to continue accelerating supply development on their “near frontier” of northeastern British Columbia by setting a record at the latest monthly auction of provincial drilling rights and adding to the ten-fold increase — from the millions to the billions — in auction revenues year-to-date 2008, compared to the same period last year.