You are here

Enbridge leak contained, causes unknown

31st July 2012

Largest transporter of Canadian crude to the US contains oil spill caused by pipeline rupture in Wisconsin

Enbridge leak contained, causes unknown
The US Environmental Protection Agency (EPA) applied containment measures when the spill occurred, in conjunction with the Wisconsin Department of Natural Resources. EPA is still monitoring the area for possible environmental contamination

A Canadian energy transporter has secured the containment of an oil spill from a pipeline rupture in Wisconsin, it said on Monday. The spill follows a series of environmental accidents which have put the firm’s reputation under question.

Canadian Enbridge Inc’s Houston-based affiliate Enbridge Energy Partners is in the process of repairing its 317,600 bpd Line 14, which leaked 1,200 barrels of oil after a rupture on Friday near Grand Marsh, Wisconsin.

With a market capitalization of USD 33.2bn, Enbridge Inc is the top transporter of Canadian crude to the US

The leak represents no imminent threat to crude market supply, analysts say.

The US Environmental Protection Agency (EPA) applied containment measures when the spill occurred, in conjunction with the Wisconsin Department of Natural Resources. EPA is still monitoring the area for possible environmental contamination.

Enbridge continues to investigate the cause of the leak, while regulators have not yet announced when they will allow operations in Line 14 to resume. The firm’s 180,000 bpd Line 13 was also shut down as a result of the leak.

The spill follows a series of environmental shambles for Enbridge. In 2010, an oil spill from one of its pipelines in Michigan caused 3,300 cubic meters of tar sands crude to be leaked. Another leakage spilled 1,450 barrels of oil in Alberta, Canada last month.

Despite mentions of the damage the incident has caused to Enbridge’s reputation, the firm on Tuesday traded at its highest levels since 1983, with a price-to-earning ratio of 40.

Got a news tip? Email news@oilandgastechnology.net