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

Mermaid Maritime Expands Into US Offshore Market

Fugro Secures India Deepwater Drilling ROV Contract

Keppel Launches $2.9B Program to Monetize Legacy Offshore Drilling Rigs

Oil Eases After Topping $100, Still Set for Weekly Rise

QatarEnergy Prolongs LNG Force Majeure, Charters Out Tankers

ABL Gets Papua New Guinea FSO Job

ADNOC Approves $6.2B Offshore Umm Shaif Gas Project

Inpex Starts Construction of Indonesia's Abadi LNG Project

Saudi Arabia Eyes Oil Pipeline Expansion to Red Sea

Post-War Gulf Faces Push for Alternative Export Routes

Current News

ConocoPhillips, CNOOC Put Penglai Field off China Into Full Operation

Mermaid Maritime Expands Into US Offshore Market

ONGC Nears Venezuela Operatorship Deals, Regains Russia’s Sakhalin-1 Stake

Fugro Secures India Deepwater Drilling ROV Contract

Vantris Energy Secures Petronas’ Offshore Drilling Work Orders

ADNOC, SLB Roll Out AI Platform Across More Than 120 Drilling Rigs

Oil Rises as Uncertainty Clouds US-Iran Peace Talks

India’s ONGC to Allocate Half of New Oil Storage to Strategic Reserves

Subsea7 Lands ‘Sizeable’ Contract for Work Offshore Brunei

FPSO for Azule Energy’s Angola Offshore Field Starts Taking Shape in China

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