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Stock impact report

Keystone pipeline restarted after oil spill near North Dakota community [USA TODAY]

SALZGITTER AG UNSP/ADR (SZGPY) 
NASDAQ:AMEX Investor Relations: salzgitter-ag.com/en/investor-relations.html
Company Research Source: USA TODAY
The U.S. Pipeline and Hazardous Materials Safety Administration (PHMSA) that South Bow restarted the pipeline at a reduced pressure. Earlier in the day, the company monitored inclement weather conditions before proceeding with the planned controlled restart. PHMSA approved the company's restart plan, but only under certain conditions spelled out in a corrective action order issued by the federal regulator on April 11. Several corrective actions in the order included the pressure restriction, mechanical and metallurgical testing of the failed pipe, and submission of a root cause analysis. The company, which is based in Calgary, Canada, has said it will also institute certain pressure restrictions on the Canadian section of the Keystone pipeline. The pipeline shut down on April 8 after an oil spill occurred near Fort Ransom, a community about 80 miles southwest of Fargo, North Dakota. In an update on April 14, PHMSA said the failed section of pipe was excavated and replaced. Th Show less Read more
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