South Bow Plans Keystone Pipeline Restart After North Dakota Spill

South Bow Corp. plans to resume operations of the Keystone Pipeline by April 15, following a crude oil leak of approximately 3,500 barrels near Fort Ransom, North Dakota. The restart is contingent upon approval from the U.S. Pipeline and Hazardous Materials Safety Administration (PHMSA), which has issued a Corrective Action Order requiring the company to implement pressure restrictions and conduct thorough inspections and testing on the affected segment. The pipeline, which has a capacity of 591,000 barrels per day, will operate at a reduced capacity initially to ensure compliance with safety regulations. Environmental group Greenpeace criticized the incident as indicative of the dangers associated with crude transport. South Bow's approach reflects a commitment to operational integrity and environmental stewardship as it navigates the regulatory landscape post-incident. The situation remains under close observation by both regulators and investors, highlighting the pipeline's significance in connecting Canadian crude supplies to U.S. markets.