Enbridge Readies Oil-Sands Pipelines for Restart After Fires
- Company sees system capacity restored in coming days
- Pipeline owner reported first-quarter profit on higher volumes
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Enbridge Inc. is readying its oil-sands pipelines for startup after shutting down parts of the system as wildfires ripping across northern Alberta forced the evacuation of more than 80,000 people.
Canada’s largest pipeline company has resumed operations at its Cheecham oil terminal and is getting ready to restart its Woodland and Athabasca pipelines, Chief Executive Officer Al Monaco said on a conference call Thursday. Getting Enbridge’s network back up is key for oil-sands developers who are also looking to bring back about 1 million barrels a day of production they pushed offline amid the fire risk.