Who owns the Colonial Pipeline?
May 12, 2021 · The other current owner of the pipeline is IFM Investors, an investment firm owned by a group of Australian pension funds, with a 15.8% stake in Colonial Pipeline.
Is Colonial Pipeline publicly traded?
Colonial Pipeline is owned by a consortium of companies, including Koch, KKR-Keats Pipeline Investors, L.P., Caisse de depot et placement du Quebec, IFM (US) Colonial Pipeline 2, and Shell Midstream Operating. Colonial Pipeline was founded in 1962. Read Less
Did Colonial Pipeline pay the ransom?
May 12, 2021 · The other current owner of the pipeline is IFM Investors, an investment firm owned by a group of Australian pension funds, with a 15.8% stake in Colonial Pipeline.
Who owns the hazardous Colonial Gas Pipeline?
Aug 01, 2020 · The acquisition, according to Kinder Morgan Chairman and CEO Richard D. All seven terminals connect to Plantation Pipe Line Co.’s system, which is operated and owned 51% by Kinder Morgan. Two of the terminals also are tied to Colonial Pipeline Co. Kinder Morgan will fully own and operate all of the terminals.
Is Colonial Pipeline privately owned?
Who owns Colonial Pipeline stock?
What companies own the Colonial Pipeline?
Does Kinder Morgan own Colonial Pipeline?
Does Koch owned Colonial Pipeline?
Who owns the other pipeline?
Who owns the Keystone pipeline?
Who is CEO of Colonial Pipeline?
How much money does Colonial Pipeline make per year?
Who owns American pipelines?
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EIA: Recent mergers change the landscape of natural gas pipeline ownership.
| Commodity | Last | Change |
|---|---|---|
| Crude Oil WTI | 106.00 | +0.64 |
| Natural Gas (Henry Hub) | 6.938 | +0.050 |
Who owns the most natural gas pipelines?
- Gazprom, Russia – 103,212km (64,133 miles) – 11.2 percent.
- TC Energy, Canada – 99,440km (61,789 miles) – 10.8 percent.
- Kinder Morgan, US – 82,075km (50,999 miles) – 9 percent.
Who owns Plantation Pipeline?
Where does the Colonial Pipeline go?
The more than 5,500-mile Colonial Pipeline system transports the fuels from Houston, Texas to Linden, New Jersey to more than 270 marketing terminals near major urban centers in the Southeast and along the Eastern Seaboard. Colonial provides a portfolio of information and logistics management services to its customers.
How much gasoline does the Colonial Pipeline deliver?
Colonial Pipeline delivers about 100 million gallons of gasoline, diesel, jet fuel, home heating oil, and military fuels per day to cities and businesses across the eastern and southern US.
How many gallons of gasoline does the Colonial Pipeline carry?
Industry Information. Colonial Pipeline delivers about 100 million gallons of gasoline, diesel, jet fuel, home heating oil, and military fuels per day to cities and businesses across the eastern and southern US. The more than 5,500-mile Colonial Pipeline system transports the fuels from Houston, Texas to Linden, …
How much did Colonial Pipeline Company invest in 1962?
The initial investment by the nine companies was almost $370 million.
Where is Colonial Pipeline Company located?
During September 2001, Colonial Pipeline Company relocated its headquarters from Atlanta to suburban Alpharetta, Georgia. After the September 11, 2001 terrorist attacks on the United States, Colonial increased security at each of its facilities and created a comprehensive security plan.
How long is the Colonial Pipeline?
The Colonial Pipeline is the largest pipeline system for refined oil products in the U.S. The pipeline – consisting of two tubes – is 5,500 miles (8,850 km) long and can carry 3 million barrels of fuel per day between Texas and New York. It is operated by Colonial Pipeline Company, which is headquartered in Alpharetta, Georgia.
Where does the Colonial Pipeline go?
The pipeline travels through the coastal states of Texas, Louisiana, Mississippi, Alabama, Georgia, South Carolina, North Carolina, Virginia, Maryland, Delaware, …
When did Mobil join Colonial Pipeline?
Mobil joined the other eight companies in 1962 . On March 6, 1962, Colonial Pipeline Company formally announced its plans. A press release stated that the nine companies “launched the largest single, privately financed construction project in the history of the United States.”.
How many barrels of gas does the Texas pipeline carry?
The pipeline – consisting of two tubes – is 5,500 miles (8,850 km) long and can carry 3 million barrels of fuel per day between Texas and New York. It is operated by Colonial Pipeline Company, which is headquartered in Alpharetta, Georgia.
What happened to the oil pipeline in 1993?
The spill also forced Clinton and Whitmire, South Carolina, to use alternative water supplies. On Sunday, March 28, 1993 at 8:48 a.m., a pressurized 36-inch-diameter (910 mm) petroleum product pipeline owned and operated by Colonial Pipeline Company ruptured near Herndon, Virginia, a Washington, DC suburb.
How much does Shell own the pipeline?
The 2019 Shell deal raised its stake in the pipeline from 6% to 16.1% , and today Shell is the only remaining integrated oil company to have a stake in the pipeline. Over the years the rest of the major oil companies have sold their stakes in the venture, sometimes at the demand of regulators.
How much is the Shell oil company worth?
Started as a joint venture between nine large oil companies, today it is worth about $8 billion, based upon the most recent sale of an 10.1% stake to a unit of Royal Dutch Shell in 2019.
How much is Royal Dutch Shell worth?
Started as a joint venture between nine large oil companies, today it is worth about $8 billion, based upon the most recent sale of an 10.1% stake to a unit of Royal Dutch Shell in 2019.
What is the Colonial Pipeline?
The Colonial pipeline is one of the major refined product pipelines that moves gasoline, diesel, and jet fuel from the US Gulf Coast to the US East Coast market. Colonial plays an important role in both supplying the US East Coast and allowing Gulf Coast refiners to place their production competitively. Most Gulf Coast refiners place …
Why is colonial oil important?
Colonial plays an important role in both supplying the US East Coast and allowing Gulf Coast refiners to place their production competitively. Most Gulf Coast refiners place at least some of their product on the Colonial pipeline, or sell to customers who do.
Where is the Buckeye East pipeline?
Buckeye East System – Connects in Linden and moves product west to Eastern Pennsylvania, where there is a connection to the Laurel pipeline and lines moving north into Northeastern Pennsylvania and upstate New York.
How many barrels are in a colonial batch?
Colonial batches can be either fungible between shippers (with standard specifications set by Colonial) or segregated for a specific shipper. Lines 1 and 2 have a minimum batch size of 75 thousand barrels, while lines 3 and 4 have a minimum of 25 thousand barrels.
Who Owns Colonial Pipeline
Before we delve into the facts surrounding the largest publicly disclosed cyber attack on a major US infrastructure, one thing is for certain. If Colonial Pipeline Co. was a publicly-traded company, its stock would have undoubtedly plummeted moments after its shut down.
What Happened to the Colonial Pipeline
When the news of hackers gaining access to the pipeline broke, the question on most people’s minds beyond – who hacked the colonial pipeline – was, how can a pipeline be hacked in the first place?
Why Did the Colonial Pipeline Shut Down
The cyberattack against Colonial Pipeline targeted the company’s IT systems. The operational infrastructure the company uses to transport oil was not directly compromised during the breach.
Ransom Demand
On May 7, 2021, a little over a week after the initial breach, an employee in the control room saw a ransom note appear on the computer screen at around 5 a.m. The DarkSide hackers demanded 75 Bitcoin, which was equivalent to about $4.4 million at the time.
What Happens in a Cyber Attack
Cyber attacks take many forms and are often perpetrated in various stages. There are generally two types of cyberattacks.
Stages of a Cyber Attack
Regardless of the type of cyberattack a hacker employs, they all consist of the same number of recurring phases. Here’s a brief overview of each.
The Cybersecurity and Infrastructure Security Agency Act of 2018
In November 2018, President Trump signed the Cybersecurity and Infrastructure Security Agency (CISA) Act into law. According to the provisions of the new legislation, the agency was established to protect the country’s critical infrastructure against cyber threats and physical risks alike.
Overview
The Colonial Pipeline is the largest pipeline system for refined oil products in the U.S. The pipeline – consisting of two tubes – is 5,500 miles (8,850 km) long and can carry 3 million barrels of fuel per day between Texas and New York.
It is operated by the Colonial Pipeline Company, which is headquartered in Alpharetta, Georgia. The company was founded in 1961 and construction of th…
Background
Colonial consists of more than 5,500 mi (8,850 km) of pipeline, originating in Houston, Texas, on the coast of the Gulf of Mexico and terminating at the Port of New York and New Jersey. The pipeline travels through the coastal states of Texas, Louisiana, Mississippi, Alabama, Georgia, South Carolina, North Carolina, Virginia, Maryland, Delaware, Pennsylvania, and New Jersey. Branches from the …
History and timeline
Eight major oil companies began discussing a Gulf Coast-to-East Coastpipeline in 1956. On June 7, 1961, Sinclair Pipeline Co., Texaco Inc., Gulf Oil Co., American Oil Co., The Pure Oil Co., Phillips Petroleum Co., The Cities Service Co. and Continental Oil Co. filed incorporation papers in Delaware to establish the Suwannee Pipe Line Company “for the purpose of building a 22-inch line from …
Operations
Colonial Pipeline’s field operations are divided into three districts:
• The Gulf Coast District includes Texas, Louisiana and Mississippi, and is responsible primarily for the originating deliveries of Colonial. Colonial primarily draws products from refineries along the U.S. Gulf Coast. It also uses a few refineries in the Northeast.
• The Southeast District includes Alabama, Tennessee, Georgia, South Carolina and North Carolina. The company’s second-larges…
Innovations
• 1978 – Colonial became the first company to equip gasoline storage tanks with geodesic domes.
• 1985 – Colonial begins use of caliper and magnetic pigs to detect anomalies in the lines.
• 1994 – following a historic flood that ruptured a number of pipelines at the San Jacinto River near Houston, Texas, Colonial directionally drilled 30 feet beneath the river and floodplain to install two new 3,100-foot permanent pipelines.
Spill history
• Early on September 2, 1970, residents of Jacksonville, Maryland, detected gasoline odors and noticed gasoline in a small creek flowing beneath a nearby road. That afternoon, a resident notified Colonial at 6:19 p.m. of concern. Colonial had 30-inch-diameter pipeline situated about 1,700 feet east of the point where the creek passed under the road, and shut down the Dorsey Junction, Maryland, pump station (the initial pump station for this section of the pipeline) at 6:3…
Safety and environmental record
As a result of seven different spills on Colonial Pipeline in four years in the 1990s, the United States Environmental Protection Agency (EPA) filed a complaint in 2000 against Colonial for violations of the Clean Water Act. It alleged gross negligence specifically in three cases noted above: 1996 Reedy River, 1997 Bear Creek, and 1999 Goose Creek/Tennessee River. The parties reached a settlement with Colonial Pipeline that was announced on April 1, 2003. Colonial was r…
Representation in media
The enormous scale of the Colonial Pipeline Project attracted considerable media attention. Fortune magazine featured the project as its cover story in February 1963. Colonial was featured in an August 1964 edition of Timemagazine in an article titled, “The Invisible Network: A Revolution Underground”. An article in a late 1965 edition of Pipeline Magazine included: “Colonial Pipeline will perhaps do more to change America’s transportation and marketing operations in the East a…