Worst California Oil Spill in 27 Years May Be From a Ship's Anchor
Published Date: 10/5/2021
Source: Bloomberg Quicktake: Now
The owner of a pipeline at the heart of California’s worst oil spill in almost 30 years is investigating the disaster site with a remotely controlled device and local authorities warned the cleanup may take weeks. Amplify Energy Corp. is getting close to “a source and a cause” of the incident, which may have been caused by a ship’s anchor, Chief Executive Officer Martyn Willsher said at a press conference Monday. The spill that began on Saturday dumped about 3,000 barrels (126,000 gallons) of crude into the Pacific Ocean near the seaside community of Huntington Beach, which hosted the U.S. Open of Surfing last week. That’s the Golden State’s largest such disaster since a 1994 earthquake split open a pipeline and poured about 4,500 barrels into the sea, according to a database compiled by the non-profit Public Media Group of Southern California. Amplify tumbled as much as 53% on Monday. Shares pared some of the losses after the press conference, triggering a temporary trading halt. Subscribe to our YouTube channel: https://bit.ly/2TwO8Gm Subscribe to our newest channel Quicktake Explained: https://bit.ly/3iERrup Bloomberg Quicktake brings you live global news and original shows spanning business, technology, politics and culture. Make sense of the stories changing your business and your world. To watch complete coverage on Bloomberg Quicktake 24/7, visit http://www.bloomberg.com/qt/live, or watch on Apple TV, Roku, Samsung Smart TV, Fire TV and Android TV on the Bloomberg app. Have a story to tell? Fill out this survey for a chance to have it featured on Bloomberg Quicktake: https://cor.us/surveys/27AF30 Connect with us on… YouTube: https://www.youtube.com/user/Bloomberg Breaking News on YouTube: https://www.youtube.com/c/BloombergQuickTakeNews Twitter: https://twitter.com/quicktake Facebook: https://www.facebook.com/quicktake Instagram: https://www.instagram.com/quicktake