Sable Offshore plunges as judge sides with government in Santa Ynez Pipeline restart

Sable Offshore

15/10/2025 12:41

** Shares of U.S.-based oil and gas firm Sable Offshore SOC.N down 26.5% at $13 premarket

** A California judge on Tuesday ruled against co's request to lift the state's cease-and-desist order on repairs it had made to an onshore pipeline system linked to the Santa Ynez project

** The tentative ruling marks a major setback for Sable, whose business is entirely focused on the Santa Ynez project.

** Up to last close, SOC down ~23% YTD

(Reporting by Dharna Bafna in Bengaluru)

((Dharna.bafna@thomsonreuters.com))