TransCanada restarting Keystone oil pipeline: Reuters


TransCanada Corp (TRP.TO) was restoring operations on Sunday along the Keystone crude oil pipeline, one week after it was shut by a leak at a Kansas pumping station, a company spokesman said.

“We are in the process of restarting Keystone but I can’t give you a firm time line (on shipments) – likely imminent,” said TransCanada spokesman James Millar in statement.

The 591,000 barrel-per-day pipeline brings oil from Hardisty, Alberta to the Cushing, Oklahoma, oil hub.

TransCanada News Release

CALGARY, Alberta – May 13, 2011 – TransCanada Corporation (TSX, NYSE: TRP) (TransCanada) today announced it has re-started its Keystone Pipeline system. The line has been closed since May 7 following an above-ground incident at a pump station in Sargent County, North Dakota. 

More than 30 workers and their equipment have been on site at the Ludden Pump Station. Three hundred and ninety three barrels of oil have been recovered out of an estimated 500 barrels. Three hundred cubic yards of contaminated soil will be removed to an approved location and replaced with clean soil and gravel. The majority of the clean-up should be finished by the weekend.

 “TransCanada has taken this incident very seriously. We have fully communicated details regarding the incident and our corrective actions to our U.S. regulator PHMSA in ensuring the steps we have taken will enable us to safely re-start the pipeline,” said Russ Girling, TransCanada president and chief executive officer. “We reacted quickly, shutting down the line within a few minutes of detecting a drop in pressure, demonstrating our safety systems work effectively.”