MOSCOW (MRC) -- Two crude oil pipelines in western Canada were shut down temporarily on Wednesday, the day after stormy weather caused power outages in parts of Alberta and Saskatchewan, reported Reuters.
TransCanada Corp's 590,000-bpd Keystone pipeline, which delivers crude from Hardisty, Alberta, to Steele City, Nebraska, was shut down for a few hours and is now back to operating as normal, spokesman Terry Cunha said.
Market sources said the Keystone shut down was due to a power outage caused by the weather.
Inter Pipeline Ltd's 82,000 bpd Mid Saskatchewan crude oil pipeline, which delivers light and heavy crude into Kerrobert, Saskatchewan, lost power following the storm and restarted on Wednesday afternoon.
"Power has been restored to Inter Pipeline’s MidSask system and we have resumed normal operations," Inter Pipeline spokeswoman Breanne Oliver said.
Fierce windstorms across much of Alberta and Saskatchewan on Tuesday caused widespread power outages and fanned fast-moving prairie fires in some areas.
As MRC wrote before, TransCanada Corp has recently said it expects to take a CUSD1 B charge in the current quarter after deciding to abandon its Energy East and Eastern Mainline pipeline projects, after intense scrutiny by Canada's energy regulator. The termination comes after the National Energy Board (NEB) expanded the scope of its review of Energy East in August, saying it would consider the pipeline's indirect greenhouse gas contributions. Energy East's importance has somewhat diminished for TransCanada since US President Donald Trump this year signed an order reviving the company's Keystone XL pipeline, which would run from Alberta's oil sands to US refineries.
MRC