US Stock Market Move | Restart approved for the Las Flores pipeline, Sable Offshore (SOC.US) opens with a sharp increase of over 12%.

On Tuesday, Sable Offshore (SOC.US) opened with a sharp increase of over 12%, reaching $8.53 per share. On the news front, the company announced that the U.S. Department of Transportation's Pipeline and Hazardous Materials Safety Administration has approved its restart plan for the Las Flores Pipeline System. Sable Offshore is a company focusing on upstream oil and natural gas development, with its main operations in the Santa Ynez Unit.