Latest news with #SeawayPipeline
Reuters
2 days ago
- Business
- Reuters
Enterprise Products responding to crude oil leak from Houston terminal
NEW YORK, Aug 13 (Reuters) - Enterprise Products Partners (EPD.N), opens new tab said on Wednesday it was responding to a crude oil leak from the company's oil terminal in southeast Houston. Crude oil flows on the Seaway pipeline, which runs from Cushing, Oklahoma, to the Freeport, Texas, area and connects to the Enterprise Crude Houston (ECHO) terminal, fell early on Wednesday, four sources said. A portion of the pipeline went down on Tuesday night, three sources said. The cause of the release is under investigation, Enterprise said, adding there was no offsite impact, fire or injuries from the oil leak. Enterprise activated its emergency response plan and has begun cleanup, the company said in a statement, adding that it was coordinating with federal, state and local regulatory authorities to address the leak and resume normal operations. The price of West Texas Intermediate crude at East Houston, called MEH, climbed by as much as 35 cents to about a $1.30 premium to WTI at Cushing in early Wednesday trading, a trade source said. The ECHO terminal is a physical delivery point for Midland crude oil in Houston. It traded around 90 cents at market close on Wednesday. The ECHO terminal also provides crude oil storage to customers with access to major refineries along the Texas Gulf Coast and has connections to marine terminals that in turn supply other domestic and international refineries. The Seaway pipeline is a 50-50 joint venture between Enterprise, which operates the line, and Canada's Enbridge ( opens new tab. Enbridge did not immediately respond to questions about Seaway's operations. Operations on the pipeline are expected to be restored later on Wednesday, two sources said.
Yahoo
2 days ago
- Business
- Yahoo
Crude oil flows on Enterprise's Texas Seaway pipeline fall, leak reported
By Nicole Jao and Arathy Somasekhar NEW YORK (Reuters) -Crude oil flows on the Seaway pipeline in Texas fell on Wednesday, four sources said, as the pipeline's operator reported a leak on the system to state regulators. The 950,000-barrel-per-day Seaway pipeline runs between Cushing, Oklahoma, and the Freeport, Texas, area and connects to the Enterprise Crude Houston (ECHO) terminal, a storage facility in southeast Houston. Pipeline owner Enterprise said a crude oil leak on part of the Seaway pipeline system in Houston occurred on Tuesday, according to a filing with the Texas Commission on Environmental Quality. A portion of the pipeline went down on Tuesday night, three sources said on Wednesday. A separate source said the secondary pipeline that runs into the ECHO terminal was out on Tuesday night. Crude flows on the Seaway mainline and the portion running into ECHO were seen lower on Tuesday night. The Seaway pipeline is jointly owned by Enbridge and Enterprise Products Partners. Enbridge and Enterprise Products did not immediately respond to questions about the Seaway's operations. U.S. West Texas Intermediate crude at East Houston, also known as MEH, traded a 95-cent a barrel premium to U.S. crude futures, the strongest since April. MEH traded as much as 130-cent a barrel premium to U.S. crude futures this morning, a trader said. Operations on the pipeline are expected to be restored later on Wednesday, two sources said. Sign in to access your portfolio
Reuters
2 days ago
- Business
- Reuters
Crude oil flows on Enterprise's Texas Seaway pipeline fall, leak reported
NEW YORK, Aug 13 (Reuters) - Crude oil flows on the Seaway pipeline in Texas fell on Wednesday, four sources said, as the pipeline's operator reported a leak on the system to state regulators. The 950,000-barrel-per-day Seaway pipeline runs between Cushing, Oklahoma, and the Freeport, Texas, area and connects to the Enterprise Crude Houston (ECHO) terminal, a storage facility in southeast Houston. Pipeline owner Enterprise (EPD.N), opens new tab said a crude oil leak on part of the Seaway pipeline system in Houston occurred on Tuesday, according to a filing with the Texas Commission on Environmental Quality. A portion of the pipeline went down on Tuesday night, three sources said on Wednesday. A separate source said the secondary pipeline that runs into the ECHO terminal was out on Tuesday night. Crude flows on the Seaway mainline and the portion running into ECHO were seen lower on Tuesday night. The Seaway pipeline is jointly owned by Enbridge and Enterprise Products Partners. Enbridge and Enterprise Products did not immediately respond to questions about the Seaway's operations. U.S. West Texas Intermediate crude at East Houston , also known as MEH, traded a 95-cent a barrel premium to U.S. crude futures , the strongest since April. MEH traded as much as 130-cent a barrel premium to U.S. crude futures this morning, a trader said. Operations on the pipeline are expected to be restored later on Wednesday, two sources said.
