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Oilsands costs on rise with oil price
Costs are going up in the oilsands but the good news is, so are oil prices, according to Ernst & Young LLP.
Recent market fluctuations aside, cost inflation that`s already taking hold is set to continue afflicting oilsands developers, along with tightening of the labour market, a report by the business advisory firm explains.
The document released Monday about opportunities and risks in the oilsands is a reminder to industry of the supply price hikes and labour shortages of the last boom that started in 2007.
Read the full article here.
Costs are going up in the oilsands but the good news is, so are oil prices, according to Ernst & Young LLP.
Recent market fluctuations aside, cost inflation that`s already taking hold is set to continue afflicting oilsands developers, along with tightening of the labour market, a report by the business advisory firm explains.
The document released Monday about opportunities and risks in the oilsands is a reminder to industry of the supply price hikes and labour shortages of the last boom that started in 2007.
Read the full article here.