Costs, labor top list of oil sands risks

09/05/2011
Cost increases and labor shortages appear atop a list of risks facing producers in the Canadian oil sands, balanced by opportunities that include growing global oil demand and the economic importance of oil sands production to Canada. The new assessment appears in a new Ernst & Young report entitled "Exploring the top 10 opportunities and risks in Canada's oil sands." An Ernst & Young press statement noted that the price of steel has increased 30% since 2010 and continues to climb. Low unemployment rates in the oil sands industry are expected to further increase labor costs, it said. Other risks cited by the report are the need to break into new markets, large upfront ca...
read-story

Why Register?

Non-subscribers can only view whitepapers by providing name, home and email address, phone number and other information and comment on/rate articles.

Why Subscribe?

Oil & Gas Journal subscribers with login credentials can access these premium features of OGJ Online:

  • Current Issue – an html version of the current week's issue of Oil & Gas Journal.
  • Past Issues – An Electronic OGJ Archive. A keyword-searchable archive of all issues of Oil & Gas Journal dating back to 1990; also searchable by issue date.
  • Market Journal – a weekly round-up of the oil and gas markets, with observations from leading analysts.
  • Editor's Perspective – a short article of insight and opinion by the Editor of Oil & Gas Journal.
  • OGJ Industry Stats – quick access to current industry statistics from Oil & Gas Journal.
  • OGJ Survey Downloads - quick access to exclusive reports from Oil & Gas Journal.

 

Subscriber Help or Subscribe

Oil & Gas Journal Subscribers: Have your subscription number (from the mailing label on the cover of your Oil & Gas Journal) and e-mail address ready to set up your online account through Customer Service Assistant.

If you're not an Oil & Gas Journal subscriber, start a subscription and gain access to the subscriber areas of OGJ Online now.

Stay Connected