💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

Keystone pipeline leak in South Dakota about double previous estimate: paper

Published 04/07/2018, 06:03 PM
Updated 04/07/2018, 06:10 PM
© Reuters. An aerial view of an oilspill which shut down the Keystone pipeline between Canada and the United States in an agricultural area near Amherst South Dakota
CL
-

(Reuters) - The Keystone crude oil pipeline leak in November in rural South Dakota was nearly double the original estimate, making it one of the largest U.S. inland spills since 2010, a newspaper report on Saturday said.

Robynn Tysver, a spokeswoman for Calgary-based TransCanada Corp, which owns the pipeline, told the Aberdeen American News some 9,700 barrels of oil leaked in the Nov. 16 spill, the South Dakota paper reported. The original estimate was 5,000 barrels.

The spill gave further ammunition to environmental groups and other U.S. opponents of another pipeline the company has proposed, the long-delayed Keystone XL.

TransCanada had shut down the 590,000 barrel-per-day pipeline, one of Canada's main crude export routes linking Alberta's oil fields to U.S. refineries, immediately following the spill. Operations were restarted less than two weeks later.

TransCanada officials were not immediately available for comment.

The TransCanada spokeswoman told the newspaper repairs have been made on the pipeline and a clean-up conducted.

"We have replaced the last of the topsoil and have seeded the impacted area," Tysver said in an email sent to the American News late Friday evening, the paper said.

© Reuters. An aerial view of an oilspill which shut down the Keystone pipeline between Canada and the United States in an agricultural area near Amherst South Dakota

Keystone has leaked substantially more oil, and more often, in the United States than the company indicated to regulators in risk assessments before operations began in 2010, according to documents reviewed by Reuters.

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.