TC Energy is planning to restart one leg of the shuttered Keystone oil pipeline beginning Saturday, following a 14,000-barrel crude spill, according to people familiar with the matter.
The company, which declared force majeure on shipments Thursday, expects to restart flows Dec. 10 on the segment of the line extending to Patoka, Ill., said the people, who asked not to be identified discussing confidential matters. The leg of the pipeline that extends to the Cushing, Okla., storage hub is expected to restart Dec. 20, they said.
U.S. oil futures tumbled to the lowest level in about a year as news of the restart eased U.S. supply concerns. The massive crude pipeline, which can carry more than 600,000 barrels a day, is a major conduit linking oil fields in Canada to refiners in the U.S. Gulf Coast. A prolonged disruption would have eaten away at crude stockpiles in Cushing, the nation’s largest storage hub. Inventories there are at their lowest since July — and at multi-year lows seasonally.
The line was shuttered Wednesday night after a leak was discovered in Washington County, Kansas. The 14,000-barrel leaks ranks as one the largest onshore U.S. oil spills since 2010, according to government data. “Plans for return-to-service continue to be evaluated,” TC Energy said in a statement on its website.
Cleaning is currently underway and there’s no estimate for when it will be concluded, said Randy Hubbard, a manager at the Emergency Management Office for Washington County. The leak took place on private property, on an underground segment of the line. An investigation on the cause of the spill is ongoing, he said.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
TC Energy declares force majeure after Keystone oil spill - BNN BloombergTC Energy Corp. declared force majeure on its Keystone oil pipeline system after an oil spill into a Kansas creek forced the company to shut the line, according to people familiar with the matter.
Read more »
TC Energy shuts Keystone pipeline after oil spill into Kansas creekCanada's TC Energy said on Thursday it had shut its Keystone pipeline, crimping the flow of Canadian oil to U.S. refineries after a spill into a Kansas creek, and it was unclear how long the closure would last. The size of the leak, which occurred about 20 miles south of a key junction in Steele City, Nebraska, is unknown. The 622,000 barrel-per-day Keystone line is a critical artery shipping heavy Canadian crude from Alberta to refiners in the U.S. Midwest and the Gulf Coast.
Read more »
TC Energy shuts down Keystone pipeline system after leak in NebraskaTC Energy Corp. says it has shut down its Keystone pipeline after a leak in Nebraska.
Read more »
TC Energy shuts down Keystone pipeline system after leak in KansasTC Energy Corp. has estimated the volume of oil released in Wednesday\u0027s Keystone pipeline leak at 14,000 barrels.
Read more »
TC Energy shuts down Keystone pipeline system after leak in KansasTC Energy Corp. has estimated the volume of oil released in Wednesday\u0027s Keystone pipeline leak at 14,000 barrels.
Read more »
Keystone pipeline shut down after oil spill into Kansas creekTC Energy Corp. on Thursday said it shut the 622,000 barrel\u002Dper\u002Dday Keystone pipeline to respond to an oil release in Nebraska. Read on
Read more »