🥇 First rule of investing? Know when to save! Up to 55% off InvestingPro before BLACK FRIDAYCLAIM SALE

BP restarts pipeline after gasoline spill in Washington state-source

Published 12/14/2023, 03:49 PM
Updated 12/15/2023, 12:06 PM
© Reuters. FILE PHOTO: The logo of British multinational oil and gas company BP is displayed at their booth during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. REUTERS/Chris Helgren//File Photo
BP
-

(Reuters) -BP has restarted its Olympic Pipeline that had leaked roughly 25,000 gallons of gasoline near Mount Vernon in Washington state, a source familiar with the pipeline's operations said on Thursday.

The pipeline was restarted following repairs, integrity testing, and regulatory approval of the restart plan, the source said. The company has been cleaning up the spill since Sunday with the U.S. Environmental Protection Agency (EPA) and local officials.

Nearly 7,000 gallons had been recovered, according to the latest update from BP (NYSE:BP) and the EPA on Wednesday, which added that at least one American beaver, one pine siskin bird, and one mallard duck died due to the spill.

The leak was caused by a tubing failure inside a concrete vault that connected one of the pipelines to a pressure sensor, and the main pipeline was shut down by Monday after detecting a loss in pressure.

Gasoline was 2 cents stronger at 5 cents a gallon under NYMEX January gasoline futures in the Pacific Northwest market, traders said on Thursday.

Around 2,100 feet (640 meters) of boom remained deployed to contain the spill and no gasoline or sheen has been seen on the Skagit River, while State Route 534 reopened to one-way traffic, according to BP and the EPA.

© Reuters. FILE PHOTO: The logo of British multinational oil and gas company BP is displayed at their booth during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. REUTERS/Chris Helgren//File Photo

The Olympic Pipeline had ruptured in June 1999, spilling over 230,000 gallons of gasoline that caught fire near Bellingham, Washington, and killed three young people.

The explosion of BP's Deepwater Horizon rig in the Gulf of Mexico in April 2010 led to the largest oil spill in U.S. history that left 11 rig workers dead and caused $70 billion in damages.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.