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Venoco misses interest payment, looks to restructure debt

By   /  Wednesday, February 17th, 2016  /  Energy, Latest news  /  Comments Off on 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 →

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Plains accused of misleading oil spill victims into signing away rights

By   /  Thursday, December 17th, 2015  /  Energy, Latest news, Top Stories  /  Comments Off on 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

By   /  Friday, December 11th, 2015  /  Energy, Latest news, Top Stories  /  Comments Off on Regulators sued for oil pipeline info

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Agencies should release oil pipeline information

By   /  Friday, December 11th, 2015  /  Editorials, Opinion  /  1 Comment

Federal regulators should stop dragging their heels and release requested information about the oil pipelines that run through the Tri-Counties immediately. Business Times staff writer Alex Kacik reports in this issue that the Environmental Defense Center has filed a lawsuit against the federal Pipeline and Hazardous Materials Safety Administration, alleging that the agency is refusing Read More →

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Environmentalists sue regulators for not releasing info on tri-county oil pipelines

By   /  Tuesday, December 8th, 2015  /  Energy, Latest news, Law, Top Stories  /  Comments Off on 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 →

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Ruptured Plains oil pipeline puts squeeze on tax receipts

By   /  Friday, November 13th, 2015  /  Energy, Latest news, Top Stories  /  Comments Off on Ruptured Plains oil pipeline puts squeeze on tax receipts

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Bill would ban offshore oil drilling along West Coast

By   /  Friday, November 13th, 2015  /  Columns, Law  /  Comments Off on Bill would ban offshore oil drilling along West Coast

Lawmakers have launched another attempt to ban offshore oil drilling. While recent attempts to limit Big Oil’s reach have been concentrated to specific regions, this one is targeting the entire West Coast. But even bills with a more narrow scope do not often get passed. U.S. Rep. Jared Huffman, D-San Rafael, authored the West Coast Read More →

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