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Sable Offshore

All articles tagged with #sable offshore

energy25 days ago•7 min saved

Sable Offshore Restarts California Oil Flow Under DPA, Sparks Legal Clash

Oil resumed flowing through Santa Barbara’s offshore pipeline network after President Trump invoked the Defense Production Act to override California regulators, triggering legal actions from state authorities who demand the line be removed from parks. Sable says the restart boosts national security and domestic supply (about 17%), with two more rigs to come online by June and production targeted at 50,000 barrels per day by April 1. California agencies reiterate they will pursue further action amid ongoing lawsuits and environmental concerns.

via Los Angeles Times|

#california #defense-production-act #energy

politics25 days ago•4 min saved

Trump Order Reopens California Pipeline, Escalating Federal-State Oil Fight

Oil resumes flowing through a Santa Barbara–area pipeline for the first time since 2015 after President Trump invoked the Defense Production Act to override California permits, triggering a legal clash with state officials. Sable Offshore says repairs are complete and production has restarted, while California vows to challenge the move amid concerns about environmental risks and national oil supply amid global tensions.

via The New York Times|

#california #defense-production-act #oil-pipeline-restart

politics28 days ago•21 min saved

Trump widens energy battle by using wartime powers to restart Santa Barbara pipeline

Trump invoked the Defense Production Act to restart the Santa Ynez offshore pipeline near Santa Barbara amid the Iran crisis, prompting California to vow a lawsuit and arguing federal action overrides state oversight; the restart could boost fuel supplies but environmental groups warn it risks another spill and undermines California regulators.

via CalMatters|

#california #defense-production-act #donald-trump

politics28 days ago•7 min saved

White House activates emergency powers to restart California offshore oil pipeline

Energy Secretary Chris Wright used the Defense Production Act to approve restarting an offshore California oil pipeline operated by Sable Offshore, framing the move as reducing U.S. reliance on foreign oil and bolstering national security amid Iran-related supply disruptions. California Gov. Gavin Newsom and state regulators have criticized the action as illegal and prepared for legal challenges, highlighting a broad clash between federal authority and California’s coastal drilling oversight.

via Politico|

#california-coast #defense-production-act #energy-security

energy28 days ago•2 min saved

Trump taps California offshore oil to blunt Iran-war price shocks

President Trump uses the Defense Production Act to speed restart of California offshore oil production via Sable Offshore Corp., aiming to ease price shocks from the Iran war; projected output is about 45,000–60,000 barrels per day, a tiny share of the global impact from Strait of Hormuz closures, but the move draws criticism from California officials and environmentalists.

via Axios|

#california-offshore #defense-production-act #energy

environment3 months ago•5 min saved

Sable Offshore Gains Approval to Restart California Oil Pipeline

A Ninth Circuit Court rejected an emergency appeal by environmental groups to block Sable Offshore's restart permit for oil pipelines, with the legal dispute ongoing and the company potentially resuming operations amid federal and state regulatory conflicts, amid broader debates over energy policy and environmental concerns.

via The Santa Barbara Independent|

#court-ruling #environment #environmental-fight

energy3 months ago•5 min saved

Sable Offshore Shares Surge After Federal Approval of California Pipeline Restart

The federal agency PHMSA authorized Sable Offshore to restart its pipelines after safety concerns and regulatory disputes, bypassing state oversight, which has raised legal and environmental questions amid ongoing tensions over pipeline safety and environmental impact in California.

via The Santa Barbara Independent|

#energy #gaviota-coast #phmsa

business5 months ago•23 min saved

Phil Mickelson Denies Leak of Confidential Offshore Oil Information

A leaked audio reveals Sable Offshore discussing a potential $200 million equity raise and sharing material nonpublic information with investors, including golfer Phil Mickelson, raising concerns about SEC violations and insider trading amid the company's struggles to restart offshore oil production.

via Hunterbrook|

#business #leaked-audio #material-nonpublic-information

environment5 months ago•5 min saved

California legal battles intensify over offshore oil drilling and spills

A Texas-based company supported by the Trump administration is pushing to restart offshore oil drilling off California's coast, despite legal challenges and environmental concerns following a major oil spill in 2015. The project aims to increase U.S. energy production, but critics warn of potential environmental disasters and oppose the plan, which involves legal disputes and regulatory hurdles.

via AP News|

#california-coast #environment #environmental-lawsuits