Venoco suing Plains for $12 million over Refugio oil spill pipeline closures
Denver-based Venoco, an oil and gas producer with significant operations in the Tri-Counties, is suing Plains All American Pipeline for more than $12 million in damages. Venoco is suing the Houston-based energy infrastructure company responsible for the Refugio oil spill for the continued loss of profits that stemmed from the shut down of Line 901 Read More →
Cal Poly SLO gets $1.5 million to study wave energy
Cal Poly San Luis Obispo received a $1.5 million grant from the U.S. Department of Energy to continue testing the feasibility of a Central Coast wave energy facility. Cal Poly’s Institute for Advanced Technology & Public Policy is testing the feasibility of building a Central Coast wave energy park through its CalWave project. The $1.5 Read More →
Plains gets blame for Venoco bankruptcy filing
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Venoco files for Chapter 11 bankruptcy
Venoco, the Denver-based oil and gas company with substantial operations in the tri-county region, has filed a pre-packaged Chapter 11 bankruptcy after agreeing with lenders to slash $1 billion in debt. Venoco said March 18 that it reached an agreement with its senior lenders on a restructuring agreement. The company earlier said it was suspending Read More →
Plains oil pipelines don’t qualify as interstate
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Judge orders Plains to stop misleading oil spill claimants
A U.S. District Court ordered Plains All American Pipeline to stop misleading claimants seeking to recover interim damages from the Refugio oil spill and invalidate releases that preclude them from joining the class-action lawsuit and recouping further compensation. “The Court finds that Defendants are engaged in misleading conduct by using the OPA claims process — Read More →
Live streaming of Phillips 66 crude-by-rail meeting crashes
More people have participated in the San Luis Obispo County Planning Commission discussion on Phillips 66 crude-by-rail expansion project than any tri-county topic in recent memory. So many that they crashed the county website Feb. 25. Viewers near and far were unable to tune in to the county’s live stream of the morning meeting, which Read More →
