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Canada: Rising Prices Natural Gas Put Pressure Oil Sands Producers
2014-04-15 06:00:00| Climate Ark Climate Change & Global Warming Newsfeed
Glboe and Mail: Oil sands companies, which have benefited from years of low natural gas prices, are once again facing rising costs as the commodity they need to fuel much of their operations becomes more expensive. Increasing prices for natural gas hit hardest at projects that use steam to soften oil-rich bitumen deposits to the point where the bitumen can drain into wells from which it can be pumped to the surface. Natural gas is an unavoidable expense in these projects, because it is needed to heat water to...
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Category:Electronics and Electrical