Sable Offshore Oil and Gas Project
Sector: Oil and Gas • Location: Santa Barbara, California, United States
Source: Hunterbrook
Sable Offshore is an oil and gas project originally owned by Exxon Mobil, now spun out as Sable Offshore. The project had been shut down under prior ownership after causing a major oil spill in California. Sable is now pursuing an offshore shipment approach to produce oil and gas, rather than relaunching a pipeline through Santa Barbara. The company needs to raise $225 million in equity funding to
- Status
- Prospective
- Sector
- Oil and Gas
- Location
- Santa Barbara, California, United States of America
- Updated
- 22 Jul 2026
- Source
- Hunterbrook
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Project Information
Participants
| Not available for this record. |
Status
Original status | planned |
Taiyo status | Prospective |
Taiyo last update | 2026-07-22 |
Contact
| Not available for this record. |
Description
Description | Sable Offshore is an oil and gas project originally owned by Exxon Mobil, now spun out as Sable Offshore. The project had been shut down under prior ownership after causing a major oil spill in California. Sable is now pursuing an offshore shipment approach to produce oil and gas, rather than relaunching a pipeline through Santa Barbara. The company needs to raise $225 million in equity funding to extend the maturity date of its key loan from Exxon, which is critical to retaining control of the project. |
Original sector | Energy |
Budget |
Location
Country | United States of America (USA) |
State | California |
City | Santa Barbara |
Source
Source | Hunterbrook |
URL |
More Details
Record type | Project |
Sector | Oil and Gas |
Article published date | 2025-11-06 |
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