Sable Pipeline Receives Federal Approval for California Restart
AI Summary1 min read
TL;DR
Sable Offshore Corp. has secured federal approval to restart a California pipeline, closed since 2015 after an oil spill. The decision has boosted the company's stock value.
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Sable OffshoreSable Offshore Corppipeline restartCaliforniafederal approvaloil spill
Sable Offshore Corp. has received federal approval to restart a California pipeline, 10 years after a spill near Santa Barbara. The pipeline, which was shut down in 2015 after a leak released thousands of barrels of crude oil, has been cleared to operate again by the US pipeline regulator. Sable shares have jumped following the approval.
