USCG Investigates Oil Slick off California Coast
The U.S. Coast Guard was investigating a large oil sheen off the California coast west of Santa Barbara on Wednesday, a spokeswoman for the agency said. The slick, which was about 60 feet (18 meters) wide, was spotted about 1,000 yards (meters) offshore from Goleta State Beach west of Santa Barbara, said Coast Guard spokeswoman Petty Officer Andrea Anderson. Anderson could not give the approximate length of the sheen.
Venezuela Uses 'F Word' to Discredit Fracking
Venezuela is not mincing words with a new exhibition titled "F---ing Fracking" that denounces the environmental toll of hydraulic fracturing in the United States. "Today at 4pm .... Inauguration of the educational exhibit #FuckingFracking ... Don't miss it," ruling Socialist Party official Ernesto Villegas said on Twitter. The event features speeches by an economist and oil expert, and will wrap up with a play, according to a half-page advertisement in newspaper Ultimas Noticias.
Oiltanking Sells Indonesia Storage, Blames Subsidies
Independent tank operator Oiltanking said on Tuesday it had sold a 289,000 cubic metre storage facility in Merak, Indonesia, blaming oil subsidies for making the business unprofitable. Oiltanking, the world's second-largest independent tank storage provider for oil products, chemicals and gases, sold the facility in August to local companies active in the oil- and coal-shipping industry, a spokeswoman told Reuters in an email.
Kirby Reports Record Q2 2014
Record 2014 second quarter earnings per share of $1.31 compared with $1.11 in the 2013 second quarter, which included a $0.07 benefit due to the reduction of the United earnout liability. Kirby Corporation announced record net earnings attributable to Kirby for the second quarter ended June 30, 2014 of $75.0 million, or $1.31 per share, compared with $63.1 million, or $1.11 per share, for the 2013 second quarter.
