Plains gets blame for Venoco bankruptcy filing
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Venoco files for Chapter 11 bankruptcy
Venoco, the Denver-based oil and gas company with substantial operations in the tri-county region, has filed a pre-packaged Chapter 11 bankruptcy after agreeing with lenders to slash $1 billion in debt. Venoco said March 18 that it reached an agreement with its senior lenders on a restructuring agreement. The company earlier said it was suspending Read More →
Plains oil pipelines don’t qualify as interstate
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Judge orders Plains to stop misleading oil spill claimants
A U.S. District Court ordered Plains All American Pipeline to stop misleading claimants seeking to recover interim damages from the Refugio oil spill and invalidate releases that preclude them from joining the class-action lawsuit and recouping further compensation. “The Court finds that Defendants are engaged in misleading conduct by using the OPA claims process — Read More →
Live streaming of Phillips 66 crude-by-rail meeting crashes
More people have participated in the San Luis Obispo County Planning Commission discussion on Phillips 66 crude-by-rail expansion project than any tri-county topic in recent memory. So many that they crashed the county website Feb. 25. Viewers near and far were unable to tune in to the county’s live stream of the morning meeting, which Read More →
Refugio oil spill sparks federal resource reshuffling
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Oxnard’s Clean Diesel Technologies gets delisting notice
Oxnard-based Clean Diesel Technologies received a delisting notice from the Nasdaq Feb. 12 because it’s stock price was not above the $1 minimum listing price. Clean Diesel Technologies makes diesel emission control systems for cars and other diesel powered vehicles. The company made the announcement in a filing with the Securities and Exchange Commission after Read More →
