1. The operator of Canada’s largest and longestrunning in situ oil sands operation announced a two billion dollar expansion project. The Nebiye expansion will provide a 40,000 bpd boost in bitumen production at Imperial’s Cold Lake facility, and is expected to be in operation by the end of 2014. The expansion will allow Imperial to access an additional 280 mmbbl and will bring total production at the facility up to 200,000 bpd. The project will also add a new steam generation and bitumen processing plant, field production pads and associate facilities, as well as a 170 MW cogeneration facility.
  2. On the heels of its recent Energy Resources Conservation Board approval last month, MEG Energy has received regulatory approval from Alberta Environment and Water for the Phase 3 expansion of its Christina Lake project. The company reported that engineering work for the multi‐phase 150,000 bpd oil sands project is underway, and it plans an investment of $60 million this year to assess optimum sizing and timing for the initial phase of the expansion. MEG intends to increase production capacity at the facility ten‐fold by 2020.