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Plains All American Pipeline has filed paperwork to rebuild a pair of aging oil pipelines in the Tri-Counties, including a line that caused the worst oil spill in decades on the Central Coast. Plains said on Aug. 16 that it has filed a plan with Santa Barbara County to rebuild Line 901, which broke in 2015, Read More →
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By Joshua Molina / Friday, April 21st, 2017 / Energy, left, South Coast / Comments Off on Venoco’s exit means Tri-Counties will lose jobs, taxes
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By pacbiztimes / Friday, October 21st, 2016 / Energy, Latest news / Comments Off on Freeport-McMoRan sells California onshore oil, gas properties
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By pacbiztimes / Monday, October 17th, 2016 / Energy, Latest news / Comments Off on Freeport-McMoRan selling onshore Central Coast oil and gas properties
Freeport-McMoRan will sell its onshore California oil and gas properties, which include several facilities throughout the Central Coast, to Sentinel Peak Resources California LLC for a total of $742 million, according to SEC filings. The deal includes $592 million in cash and an additional $50 million per year in 2018, 2019 and 2020 if the Read More →
By Henry Dubroff / Friday, September 23rd, 2016 / Columns, Latest news / Comments Off on Dubroff: Can corporate giants ever be held accountable for misdeeds
The biggest economic question of our time might not be how to deal with inequality, after all. It may be how to deal with corporate giants — and their top execs — when they misbehave. The latest company to come under fire is Wells Fargo, the banking company that is ranked No. 1 or No. Read More →