By pacbiztimes / Friday, May 20th, 2016 / Latest news / Comments Off on Plains faces criminal charges over Refugio oil spill
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By pacbiztimes / Thursday, May 19th, 2016 / Energy, Latest news, middle / Comments Off on Federal regulators say Plains failed to prevent Refugio oil spill
Story updated at 5:20 p.m. May 19: Plains All American Pipeline did not adequately protect its lines from corrosion, properly measure the worn pipes nor respond quickly enough to the Refugio oil spill, according to a final report from the Pipeline Hazardous Materials Safety Administration issued May 19. PHMSA, the federal entity that regulated Plains Read More →
Story updated at 2:30 p.m. May 17: A California grand jury has indicted Plains All American Pipeline on four felony counts in connection with the Refugio oil spill, prosecutors announced on May 17. The Houston-based oil and gas infrastructure company is facing 46 criminal charges for the May 19, 2015 oil spill that soiled the Read More →
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By Staff Report / Wednesday, April 6th, 2016 / Energy, Latest news, Law & Goverment / Comments Off on Venoco suing Plains for $12 million over Refugio oil spill pipeline closures
Denver-based Venoco, an oil and gas producer with significant operations in the Tri-Counties, is suing Plains All American Pipeline for more than $12 million in damages. Venoco is suing the Houston-based energy infrastructure company responsible for the Refugio oil spill for the continued loss of profits that stemmed from the shut down of Line 901 Read More →
By pacbiztimes / Friday, March 25th, 2016 / Energy, middle / Comments Off on Plains gets blame for Venoco bankruptcy filing
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By Staff Report / Friday, March 18th, 2016 / Energy, Latest news / Comments Off on 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 →