Plains All American NEWS

A Santa Barbara County jury held pipeline giant, Plains All American guilty in the 2015 California oil spill row. The coastal spill has been ranked the worst in the last 25 years in California. The pipeline operator released a statement which said that the company "accepts full responsibility for the impact of the accident”. The decision on the penalties to be imposed will come on December 13.

Exxon Mobil and Plains All American will be participating in a joint venture (JV) for transporting crude from various locations in the Permian basin to Texas Gulf Coast. This proposed pipeline will significantly bring down the cost and time invested in the process of transportation from the point of origin to markets in Texas. The pipeline will be designed with the objective of shipping one million barrels of crude oil and condensate per day.