Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious OutperformanceFind Stocks Now

Inter Pipeline says Alberta crude oil leak came from its line

Published 2017-04-24, 02:19 p/m
Updated 2017-04-24, 02:20 p/m
Inter Pipeline says Alberta crude oil leak came from its line

CALGARY, Alberta, April 24 (Reuters) - A crude oil leak in central Alberta's Strathcona County on Friday afternoon came from Inter Pipeline Ltd's IPL.TO Cold Lake regional pipeline system, the company said in a statement on Monday.

Calgary-based Inter Pipeline has isolated a segment of the pipeline near its Strathcona Terminal in Edmonton for repairs, and said it is working with regulators to investigate the cause of the incident.

There were no details on how much crude was released but the company said the spill was contained on Friday and clean-up efforts were ongoing.

"Inter Pipeline will assume the role of lead responder for this incident today and will continue to ensure public safety and protection of the environment are the top priorities," the company said.

A number of energy companies have pipelines in the area and when the leak was first reported around 12:30 p.m. on Friday its origin was not immediately clear.

Four companies including Inter Pipeline shut in and de-pressurized pipelines, CBC News reported. those, Imperial Oil Ltd IMO.TO has received approval from the regulator to restart its lines and Gibson Energy Inc GEI.TO said it resumed shipping crude on Sunday afternoon. Pembina Pipeline Corp PPL.TO did not immediately respond to a request for comment.

The 558,000 barrel-per-day Cold Lake pipeline system transports diluted oil sands bitumen from the Cold Lake region in northern Alberta to the Edmonton marketing hub for shippers including Imperial, Canadian Natural Resources Ltd CNQ.TO and Cenovus Energy Inc CVE.TO , according to Inter Pipeline's website.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Imperial said there was no impact to operations outside the Strathcona County region when asked if the pipeline outage had affected oil sands production. Canadian Natural and Cenovus did not immediately respond to requests for comment.

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.