Market Chatter: Oracle Exploring Trucking Natural Gas to Project Jupiter in New Mexico

MT Newswires Live
1 hour ago

Oracle (ORCL) is considering trucking compressed natural gas to its Project Jupiter data center in New Mexico, where a delayed pipeline is threatening the project's timeline, Bloomberg News reported Thursday, citing sources familiar with the matter.

In September, Oracle sent the project's developer a notice citing force majeure that may protect the company from making some payments in case of further delays, according to the report.

Gas deliveries from Superior Plus' Certarus unit kept a data center near Salt Lake City moving for more than a year, and VoltaGrid is supplying an Oracle campus being built for OpenAI in Texas, the report added.

Oracle shares were down about 5% in Thursday trading.

Oracle, OpenAI, Superior Plus and VoltaGrid did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 136.39, Change: -7.17, Percent Change: -4.99

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10