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

SOVs – Analyzing Current, Future Demand Drivers

Russia's Seaborne Oil Product Exports Fell in March

Russian Oil Companies Told to Boost Fuel Supply to Domestic Market

Dyna-Mac Secures $664M Backlog with New Contracts

Japan Chooses Consortium for Offshore Wind Farm in Akita

BIRNS High Amperage Connector Series Debuts

Saipem Loads Out Three Topsides for QatarEnergy LNG’s North Field Gas Project

Quick Connect: OAL Subsea Pipeline Completed

Brand New FPSO for Mero Oil and Gas Field Heads to Brazil

Exxon's $36 Billion Profit Beats Estimates

Current News

SOVs – Analyzing Current, Future Demand Drivers

Decarbonization Offshore O&G: Navigating the Path Forward

Subsea Vessel Market is Full Steam Ahead

China's Imports of Russian Oil Near Record High

TotalEnergies Inks $530M Deal to Acquire Malaysia’s SapuraOMV

Energy Storage on O&G Platforms - A Safety Boost, too?

Malampaya Gas Field Exceeds Export Capacity Amid Grid Demands in Philippines

Timor-Leste: Chuditch-2 Well to be Drilled at New Location Following Site Surveys

Akastor’s Subsidiary Wins $101M Case Against Seatrium's Jurong Shipyard

ONGC Hires Consortium to Deliver FEED Work for Bay of Bengal Oil Field

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