Sable Offshore (SOC) has been fined $18M by the California Coastal Commission for failing to obtain necessary permits and reviews in its move to revive oil production off the Gaviota Coast, The LA Times’ Grace Toohey reports. The commission found that Sable for months violated the California Coastal Act by repairing and upgrading oil pipelines near Santa Barbara without commission approval. Sable has been ordered to halt all pipeline development and restore lands where environmental damage has occurred.

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Sable Offshore’s Strong Defense Amid Regulatory Challenges: A Buy Recommendation by Subash Chandra Sable Offshore initiated with a Buy at Roth MKM Sell Rating for Sable Offshore: Operational Delays and Financial Strain Sable Offshore: Buy Rating Affirmed Amid Operational Progress and Financial Stability Positive Outlook for Sable Offshore: Buy Rating Justified by Strategic Adjustments and Financial Developments

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