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

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Falklands Islands’ Sea Lion project could yield first oil within next decade, says GlobalData analyst

The oil and gas industry in the Falkland Islands continues to advance despite the current low oil prices.

Despite current low oil prices, the oil and gas industry in the Falkland Islands is continuing to go from strength to strength as its first project, Premier Oil’s Sea Lion, moves closer to commercialization, according to an analyst with research and consulting firm GlobalData.

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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 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.

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