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 →
Read More →Plains accused of misleading oil spill victims into signing away rights
Plains All American Pipeline has allegedly been misleading those who seek compensation for losses they incurred following the Refugio oil spill, according to a motion filed in federal court on Dec. 15. The motion asserts that Plains is asking the claimants to forfeit the right to file or take part in any other claim in Read More →
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Regulators sued for oil pipeline info
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Read More →Environmentalists sue regulators for not releasing info on tri-county oil pipelines
Environmental groups have filed lawsuits against federal regulators for allegedly refusing to release information regarding oil pipelines in the Tri-Counties. The Environmental Defense Center and Santa Barbara Channelkeepers sent a Freedom of Information Act request to the Pipeline and Hazardous Materials Safety Administration on May 22. PHMSA has yet to fulfill the FOIA requests, Read More →
Read More →Ruptured Plains oil pipeline puts squeeze on tax receipts
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