Sable Offshore jumps after approval of pipeline restart plan

Sable Offshore

23/12/2025 11:52

** Shares of U.S.-based oil and gas company Sable Offshore SOC.N jump 14% to $8.67 premarket after pipeline restart plan gets regulatory approval

** The U.S. Department of Transportation's Pipeline and Hazardous Materials Safety Administration approves SOC's restart plan for the Las Flores Pipeline System

** The approval includes pressure restriction removals and startup procedures for Lines CA-324 and CA-325, key components of the pipeline network

** As of last close, stock down 66.8% YTD

 (Reporting by Sumit Saha in Bengaluru)

 ((Sumit.Saha@thomsonreuters.com;))