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Enbridge resumes pipe service following Fort McMurray fire

 

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Enbridge is resuming service after wildfire impacted 900 000 bpd of deliveries.

Enbridge Inc said late last week that it was steadily resuming service on its pipeline network through Canada鶹ýӳs energy heartland about a week after a massive wildfire spread through the Fort McMurray, Alberta, area, forcing a shutdown.

Canada鶹ýӳs largest pipeline company also reported a higher-than-expected quarterly profit, as crude shipments increased.

The shutdown included all pipelines in and out of Enbridge鶹ýӳs Cheecham terminal some 50 km (31 miles) south of the fire-ravaged city, affecting some 900 000 bpd of volume on its system.

Chief Executive Officer Al Monaco said operations had resumed at Cheecham and that the Woodland pipeline was ready to restart. The company was waiting to get access to conduct a fly-over inspection as fire crews were still working in the area.

Enbridge doesn鶹ýӳt expect the fires to affect its 2016 financial results or outlook, the company said while reporting a first-quarter profit.鶹ýӳOur preliminary estimate at this point is that it won鶹ýӳt have a material impact on our 2016 outlook,鶹ýӳ Monaco said.

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