litigation
confidence high
sentiment negative
materiality 0.90
Court grants TRO blocking Sable's pipeline restart; first sales delayed to Aug 1
Sable Offshore Corp.
- Santa Barbara Superior Court granted ex parte TROs in cases 25CV02244 and 25CV02247, halting Sable's Las Flores Pipeline oil transport restart.
- TRO remains in effect pending a July 18, 2025 preliminary injunction hearing; Sable is exploring all avenues to address the ruling.
- Due to the TRO, Sable now targets August 1, 2025 for first sales, delaying its restart timeline.
- Plaintiffs include Center for Biological Diversity and Environmental Defense Center; action involves California Department of Forestry and Fire Protection.
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