June 3 TransCanada Corp (TRP.TO) has been
barred by U.S. regulators from restarting its Keystone
pipeline, which was shut last month after two oil spills, the
Wall Street Journal reported on Friday.
The paper said it was unclear as to how long the pipeline
would be shut down.
The Department of Transportation's Pipeline and Hazardous
Materials Safety Administration (PHMSA) has sought a detailed
analysis of the failure and a review of the 1,300-mile pipeline
for similar issues, the Journal said.
TransCanada and PHMSA were not available for comment
outside business hours.
The ban comes at a time when Transcanada is pushing for the
extension of a 591,000-barrel-a-day system.
Keystone, which runs from Hardisty, Alberta, to Cushing,
Oklahoma, is a key feed for the Cushing oil storage hub, the
pricing point for the New York Mercantile Exchange's benchmark
The line was shut last month after leaks spilled more than
500 barrels of oil. [ID:nN31283793]
(Reporting by Abhiram Nandakumar in Bangalore)