Part of Keystone Pipeline Still Shut After Missouri Leak -TransCanada

Posted by Michelle Howard
Monday, February 11, 2019

TransCanada Corp said on Monday a part of its Keystone crude pipeline from Steele City, Nebraska, to Patoka, Illinois, remained shut after a leak was discovered in the St. Louis, Missouri, area last week.

The cause and source of the spill have not been determined and there is no estimated timeline for a restart, TransCanada spokesman Terry Cunha said in an email.

The 590,000 barrels-per-day Keystone pipeline system is a critical artery taking Canadian crude from northern Alberta to U.S. refineries.

TransCanada told Keystone shippers last week that it was declaring force majeure on shipments affected by the shutdown, according to a notice seen by Reuters. Force majeure is a declaration that unforeseeable circumstances prevented a party from fulfilling a contract.

Canadian pipelines have been running at capacity as a production surge in Alberta overwhelmed existing pipeline infrastructure, forcing the Alberta provincial government to order production cuts starting last month.

Canadian heavy crude has in recent days attracted greater demand following U.S. sanctions against Venezuela's state oil company.

The discount on Canadian heavy crude compared with U.S. light oil was at about $11.50 per barrel on Monday, steady from Friday's settlement, according to Net Energy Exchange.

Missouri's Department of Natural Resources did not immediately respond to a request for comment on Monday.

(Reuters, Reporting by Devika Krishna Kumar in New York Editing by Paul Simao and Dan Grebler)

Categories: Shale Oil & Gas Pipelines

Related Stories

Israel Orders Restart of Ops at Karish Offshore Gas Platform

Sunda, Finder Target Shared Rig for Timor-Leste Offshore Drilling

Russia’s Yamal LNG Resumes Shipments to China After Months-Long Gap

Oil Shoots Over $110 as Trump's Iran Deadline Looms

IEA: Current Oil And Gas Crisis Exceeds Past Shocks Combined

India Resumes Iranian Oil Imports After Seven-Year Hiatus

Iran Assures Safe Hormuz Transit for Philippine Vessels

Energean Warns Prolonged Conflict May Delay $1B Gas Project

Drone Strike on Kuwaiti Oil Tanker off Dubai Signals Further Escalation in Gulf

INPEX Extends Pertamina LNG Pact, Signs Upstream MoU in Southeast Asia

Current News

Israel Orders Restart of Ops at Karish Offshore Gas Platform

Oil Rises as Fragile Middle East Ceasefire Sustains Supply Risks

Glencore, Taiwan’s CPC Charter Tankers as Hormuz Reopens

Nam Cheong Locks In Two OSV Charters amid Tight Southeast Asia Supply

Sunda, Finder Target Shared Rig for Timor-Leste Offshore Drilling

France Leads 15-Country Effort to Reopen Strait of Hormuz

Oil Tumbles, Stocks Surge on Middle East Ceasefire

ABL Transports Northern Endeavour FPSO to Recycling Yard

Fire at ONGC's Offshore Platform Injures 10, Operations Normalized

CPC Oil Exports via Black Sea Stable After Attack Reports

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com