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Latest

NiMin drums up $4M

By   /  Thursday, September 1st, 2011  /  Banking & Finance, Latest news, Tri-County Public Companies  /  Comments Off on NiMin drums up $4M

NiMin Energy Corp., an independent oil company based in Carpinteria, has raised $4 million in a private placement with an Australian bank. NiMin owns and drills onshore oil fields near Bakersfield and in Wyoming and southern Louisiana. It said the money will go toward developing its assets near Bakersfield. NiMin said it sold 2.7 million Read More →

Latest

Venoco CEO offers to take firm private

By   /  Monday, August 29th, 2011  /  Latest news  /  Comments Off on Venoco CEO offers to take firm private

[EDITOR’S NOTE: There’s an updated version of this story: “Venoco sued over CEO’s offer“] The CEO of oil and gas company Venoco wants to take the company private in a proposed buyback deal that would value the entire company at $734 million. Denver-based Venoco said Aug. 29 that CEO and Chairman Tim Marquez has offered Read More →

Latest

NiMin reports $3.8M profit

By   /  Monday, August 15th, 2011  /  Banking & Finance, Earnings, Latest news, Tri-County Public Companies  /  Comments Off on NiMin reports $3.8M profit

NiMin Energy Corp. earned $3.8 million, or 6 cents per share, in the second quarter of the year, swinging back to black after a $2.5 million loss in the same period a year ago.

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Feds go after oil magnate’s operations

By   /  Friday, June 24th, 2011  /  Top Stories  /  Comments Off on Feds go after oil magnate’s operations

Randeep Grewal has built up a global energy empire — and left millions of dollars in unpaid debts in his wake.

Latest

A renewable market: Giant machines generating green energy

By   /  Monday, December 27th, 2010  /  Green Coast, Top Stories  /  Comments Off on A renewable market: Giant machines generating green energy

Mafi-Trench Co. is building turboexpanders for the renewable energy sector

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Venoco drops Ellwood drilling plans

By   /  Wednesday, November 17th, 2010  /  Latest news  /  Comments Off on Venoco drops Ellwood drilling plans

Venoco has dropped its plans to expand oil drilling from its Platform Holly off the coast of Santa Barbara County. In a brief letter sent to the California State Lands Commission on Nov. 9 and widely circulated by environmental groups on Nov. 16, Venoco said it “hereby withdraws its application for its Ellwood Full Field Read More →

Latest

Ojai Oil Co. goes from black gold to organic olives

By   /  Monday, November 15th, 2010  /  Features, Small Business, Top Stories  /  Comments Off on Ojai Oil Co. goes from black gold to organic olives

Ojai Oil Co.’s 110-year history is as rich as the black gold bubbling up into the Ojai Valley, but the fourth generation of the company is moving away from crude oil to find new fortunes in olive oil. Ojai Oil, headquartered in Camarillo, was started in 1900 by the late Charles Off and 25 original Read More →