Sable Offshore jumps after approval of pipeline restart plan

Shares of U.S.-based oil and gas company Sable Offshore SOC.N jump 14% to $8.67 premarket after pipeline restart plan gets regulatory approval

The U.S. Department of Transportation's Pipeline and Hazardous Materials Safety Administration approves SOC's restart plan for the Las Flores Pipeline System

The approval includes pressure restriction removals and startup procedures for Lines CA-324 and CA-325, key components of the pipeline network

As of last close, stock down 66.8% YTD