Venoco misses interest payment, looks to restructure debt
Venoco is looking to restructure its debt as the Refugio oil spill fallout and oil market decline has hindered operations. The Denver-based oil producer that has offices in Carpinteria has chosen not to make the $13.7 million semi-annual interest payment due Feb. 16 on its 8.875 percent senior unsecured notes as the company considers its Read More →
Santa Barbara County OKs ExxonMobil’s emergency permit to truck oil
The county of Santa Barbara has approved ExxonMobil’s emergency permit to truck oil. Exxon plans to transport 425,000 barrels of oil currently sitting in two tanks at its Las Flores Canyon storage facility to destinations up to 140 miles north on Highway 101. Trucking to empty the tanks is expected to take three to six Read More →
Tri-county oil producers considering exit strategies
This article is only available to Business Times subscribers Subscribers: LOG IN or REGISTER for complete digital access. Not a Subscriber? SUBSCRIBE for full access to our weekly newspaper, online edition and Book of Lists. Check the STATUS of your Subscription Account.
Plains ordered to purge oil from Line 903
This article is only available to Business Times subscribers Subscribers: LOG IN or REGISTER for complete digital access. Not a Subscriber? SUBSCRIBE for full access to our weekly newspaper, online edition and Book of Lists. Check the STATUS of your Subscription Account.
Ruptured Plains oil pipeline puts squeeze on tax receipts
This article is only available to Business Times subscribers Subscribers: LOG IN or REGISTER for complete digital access. Not a Subscriber? SUBSCRIBE for full access to our weekly newspaper, online edition and Book of Lists. Check the STATUS of your Subscription Account.
Refugio oil spill pipeline might take five years to get back online
The pipeline that was responsible for the Refugio oil spill in May could take up to five years to get back online and the best-case scenario is 18 to 24 months, according to California Economic Forecast Director Mark Schniepp. He spoke to a room full of the biggest oil players in Santa Barbara County, Read More →
