Freeport-McMoRan sells California onshore oil, gas properties
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Sustainable projects key for Central Coast
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Wave energy test center near Vandenberg Air Force Base vies for funds
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Phillips 66 appeals denial of crude-by-rail expansion project
In a move many expected, Phillips 66 appealed the San Luis Obispo County Planning Commission’s denial of its proposed crude-by-rail expansion project at its Santa Maria Refinery. The commission narrowly voted down the proposal 3-2 after months of discussion and public comment, ultimately siding with staff’s recommendation. The potential harm of a derailment and the Read More →
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 →
Tri-Counties shedding fossil fuels industries
The Tri-Counties is moving away from its legacy of fossil fuels industries. The pace of that move and managing the cost of leaving oil and gas operations behind will say a lot about the region’s future prosperity. The Tri-Counties edged further away from fossil fuels on Oct. 5 when the San Luis Obispo County Planning Read More →
Brown vetoes bill to cap abandoned oil wells along coast
Gov. Jerry Brown vetoed a bill that would’ve capped abandoned oil wells along the California Coast. SB 900, authored by Santa Barbara Democrat Sen. Hannah-Beth Jackson, would’ve required the analysis of some 220 abandoned wells along the coast and capped the biggest leakers. This bill would’ve transferred $500,000 from the General Fund to the Land Read More →
