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Enbridge Pipeline Leak Slowing As Crews Still Work On Spill

CHICAGO -(Dow Jones)- The U.S. Environmental Protection Agency said Saturday that the leak from a key oil pipeline carrying crude from Canada to the U.S. appears to be slowing as its owner prepares to drill into the pipe, the Associated Press reported. EPA on-scene coordinator Sam Borries said Saturday oil is no longer rising to the surface and crews have opened pavement and dug about 5 feet to the 34-inch diameter pipe, the AP said. He says pipeline owner Enbridge Inc. (ENB), a Canadian company that owns and operates the pipeline.,will drill through the pipe to extract more oil. The EPA has ordered Enbridge to stop all the flow of oil near Romeoville by noon Monday, the AP said. The leak in the Chicago suburbs sent crude-oil prices higher on the prospect of extended downtime for the key artery. Enbridge reported the leak in Romeoville, Ill., late Thursday. This is the second time in three months that oil has spilled from Enbridge's aging Lakehead system, which carries an estimated 70% of oil that flows into the U.S. from its northern neighbor. The U.S. imports more oil from Canada than any other nation and cross-border flows averaged 2.2 million barrels in June, according to the latest U.S. government data.

Stock News for Enbridge Energy (EEP)
DateTimeHeadline
09/17/201419:35:21Enbridge to Transfer Majority U.S. Alberta Clipper Stake to Affiliate
06/18/201422:05:40Enbridge Puts Final Cost Estimate for Pipeline Overhaul
06/18/201418:15:30Enbridge Puts Final Cost Estimate for Pipeline Overhaul at $7.5...
06/12/201309:13:14U.S. HOT STOCK FUTURES: HOT STOCKS TO WATCH
06/12/201306:58:39U.S. Hot Stock Futures: Hot Stocks to Watch
06/11/201317:28:12Enbridge Energy Unveils Plans to Spinoff Some Natural Gas Assets...
05/08/201308:09:32Enbridge 1st-Quarter Profit Dips; Plans $1.2 Billion Investment...
09/05/201219:14:09Warner Chilcott, 4 Other Companies Unveil Stock Offerings
08/06/201214:40:08U.S. Allows Enbridge to Restart Line 14 in Wisconsin
07/31/201215:12:31Correction to Enbridge Story
07/31/201214:28:11US Government Prohibits Enbridge From Restarting Wisconsin Pipeline
07/27/201217:53:08Canada OKs Reversal of Ontario Oil Pipeline
07/02/201217:14:17U.S. Government Fines Enbridge $3.7 Million for Michigan Oil...
05/16/201219:29:19Enbridge, Enbridge Energy Partners Detail Expansion Projects
02/16/201210:10:05Enbridge Energy Discovers Pipeline Leak In Eastern Michigan
10/07/201116:09:34EPA: Enbridge Must Continue Michigan Oil Spill Cleanup Until...
10/03/201118:05:17Enbridge To Spend C$120 Million On Expanding Eastward Oil Shipments
09/22/201109:15:18US Stock Futures: HOT STOCKS TO WATCH
07/04/201109:42:28Exxon Pipeline Oil Spill Cleanup Efforts Widening
04/29/201116:30:38Enbridge To Add Additional 1 Million Bbls Oil Storage At Cushing

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