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Bakken shale production growth will be constrained by flaring restrictions and infrastructure bottlenecks

There is considerable potential to raise crude oil production in the Bakken shale play from the current level of approximately 1.44 million barrels of oil per day (mmbd) to at least 2 mmbd. However, flaring regulations and infrastructure bottlenecks in North Dakota are limiting production growth, according to GlobalData.

Canadian oil sands projects will see capital expenditure of US$40.6 billion between 2016 and 2025, says GlobalData

As with other oil and gas projects that require a high crude price to break even, several oil sands projects have experienced delays and cancellations over the past 12 months. However, the production of oil sands in Canada is set to continue its path of growth, with plans for six new oil sands projects and the expansion of 11, according to research and consulting firm GlobalData.

Oil and Gas Equipment and Services Deal Market Remains Slow as Debt Offerings Lift Total to $2.6 Billion for March 2015, says GlobalData

Global oil and gas equipment and services deal activity, including capital markets and Mergers and Acquisitions (M&A), increased in overall value from $563.4 million across 29 deals in February 2015 to $3.2 billion from 38 transactions in March, a rise of over $2.6 billion, according to research and consulting firm GlobalData.

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Canada oil sands continue to gain global attention

Canada holds the largest crude oil deposits outside the Middle East, most of which are in the form of oil sands, and are expected to play a major role in supplying the world’s future energy requirements, states a new report by energy experts GlobalData.