Bitumen

RECENT NEWS
Bulk Transporter  Apr 12  Comment 
Blackmer, part of PSG, a Dover company and a global leader in positive displacement, regenerative turbine and centrifugal pump, and reciprocating compressor technologies, announced that its S Series Twin Screw pumps provide numerous design and...
The Economic Times  Jul 26  Comment 
According to Upasi, there is huge potential for use of rubberised bitumen in road laying and the attempts made in the past on this has shown very encouraging results.
The Hindu Business Line  Jul 25  Comment 
To increase the usage of natural rubber, United Planters Association of Southern India (Upasi) has urged the Centre to consider rubberised bitumen on roads while constructing highways. Upasi repre...
The Economic Times  Jan 25  Comment 
Govt. has formed a committee to examine the issue of additional spray of bitumen while building roads over certain allegations that at least Rs 57 cr is wasted annually.
WA Business News  Mar 13  Comment 
Energy giant BP will hold onto its Perth bitumen business but will sell the rest in the country to Puma Energy for an undisclosed amount.
The Hindu Business Line  Sep 25  Comment 
UAE-based oil company Gulf Petrochem has acquired the Royal Dutch Shell’s bitumen plant in Gujarat to meet the increasing demand for road construction products in West and North India.The a...
Financial Times  Jun 15  Comment 
One of the world’s biggest commodities traders has reported a sharp rise in half-year profits, helped by the disposal of assets to Puma Energy
The Globe and Mail  Jan 16  Comment 
However, when free of sediments, the crude floats even after evaporation and exposure to light, the study determined
Reuters  Oct 9  Comment 
* Trading in bitumen contracts seen as trial run for crude futures     
The Globe and Mail  Aug 11  Comment 
Company posts adjusted net income of 42 cents a share in second quarter




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Bitumen is a heavy, viscous, black form of petroleum that must be refined (expensively) to be usable. Bitumen is what is found in oil sands, though it usually makes up a small percentage of what is actually found in the reserve (in Alberta, bitumen is only 10-12% of the sand, the rest of which is mineral matter and water). This makes oil sands more expensive to produce than other forms of oil reserve.[1]

References

  1. Alberta Government Energy Page: "What is Oil Sands"
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