Oxnard’s Clean Diesel Technologies gets delisting notice
Oxnard-based Clean Diesel Technologies received a delisting notice from the Nasdaq Feb. 12 because it’s stock price was not above the $1 minimum listing price. Clean Diesel Technologies makes diesel emission control systems for cars and other diesel powered vehicles. The company made the announcement in a filing with the Securities and Exchange Commission after Read More →
Plains let Line 901 run for 35 minutes after pipe ruptured in May
Plains All American Pipeline allowed Line 901 to run for 35 minutes after the pipe ruptured the morning of May 19, 2015, according to a preliminary report published on Feb. 17. Federal regulator Pipeline Hazardous Materials Safety Administration came out with a detailed timeline of the Refugio oil spill and more detail regarding Line 901’s Read More →
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 →
Crude-by-rail plan spurs legal debate
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Central Coast wineries get their electricity from solar arrays
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Low gas prices great for consumers but not necessarily for the economy
At close to $33 per barrel, crude oil has dropped more than 60 percent since June 2014 — which is great for our economy because it significantly reduces the average price of gas and heating oil. Regular gasoline now averages $2 per gallon nationally. This translates to cheaper costs to transport goods and run your Read More →
Phillips 66 proposes fewer trains for rail expansion at Santa Maria refinery
Phillips 66 is now proposing to run fewer trains for its rail expansion project at its Santa Maria refinery in an attempt to allay the San Luis Obispo County Planning Commission’s environmental concerns. For its original five weekly trains proposal, county staff noted 11 significant and unavoidable environmental impacts associated with the increased operations at Read More →
