BUZZ-Sable Offshore expects to restart unit PPC's pipeline by end-2024; shares fall

Reuters

2024/10/07

** Shares of U.S.-based oil and gas firm Sable Offshore

fall 6.5% to $22.90 premarket

** Co expects unit Pacific Pipeline Company's $(PPC)$ pipeline to restart by the end of 2024

** Production was shut in 2015 at the Santa Ynez offshore field in California following a pipeline spill

** California Coastal Commission $(CCC.UK)$ has requested additional information from PPC concerning its work

** As of last close, stock is up 114.9% YTD

(Reporting by Pooja Menon in Bengaluru)

((Pooja.Menon@thomsonreuters.com;))

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