- TC Pipelines LP TRP shut down the Keystone Pipeline System after an oil leak into a creek in Washington County.
- The oil spill rupturing the Keystone pipeline was diluted bitumen, the U.S. Environmental Protection Agency (EPA) said, adding complications to the cleanup.
- Bitumen tends to sink in water, making it harder to collect than oils that float.
- Related: Traders Fret On Supply Challenges, On No Timelines For TC Pipelines-Backed Keystone Pipeline.
- The parts of the pipeline carrying oil from Alberta to refineries in Illinois opened on Wednesday at reduced capacity.
- The ruptured portion extending from south of Steele City, Nebraska, to a storage hub in Oklahoma remains closed.
- Citing the report, Reuters noted that when diluted bitumen spills, a thick, dense material forms as a residue after environmental exposure. The residue sticks to surfaces, sometimes sinking to the bottom of a water body.
- "For this reason, spills of diluted bitumen pose particular challenges when they reach water bodies," the report said.
- More than 400 people are involved in the cleanup.
- The response team has so far recovered 5,567 barrels of an oil-water mixture from Mill Creek.
- Price Action: TRP shares closed at $41.38 on Thursday.
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TRPTC Energy Corp
$50.18-1.57%
Edge Rankings
Momentum
87.73
Growth
40.67
Quality
40.06
Value
54.25
Price Trend
Short
Medium
Long
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