Illustration: Aïda Amer/Axios

Global Infrastructure Partners and Brookfield Asset Management are in advanced talks to acquire a 49% stake in Abu Dhabi National Oil Co.’s natural gas pipelines for $15 billion (including debt), per multiple reports.

Why it matters: Neither the pandemic nor energy price volatility has slowed global infrastructure investing.

  • Other investors would include Ontario Teachers’ Pension Plan, GIC, Snam, and NH Investment & Securities.

The bottom line:

"Abu Dhabi has been opening up the operations of its state-owned oil producer to foreign partners as part of a push to diversify its economy and generate additional sources of funding. Adnoc has already sold shares in its distribution unit and brought in international investors to its refining and oil field services business. KKR and BlackRock agreed last year to invest $4 billion in Adnoc’s oil pipeline network. GIC bought a stake in the business later."
Bloomberg

Go deeper: How coronavirus will alter natural gas markets

Go deeper

Trump admin proposes drilling on over two-thirds of largest plot of U.S. public land

Photo: Loop Images/Universal Images Group via Getty Images

The Bureau of Land Management on Thursday proposed to expand oil and gas drilling to over two-thirds of the National Petroleum Reserve-Alaska: the nation's largest stretch of public land.

Why it matters: Alaska's all-GOP congressional delegation — including Sens. Dan Sullivan, Lisa Murkowski and Rep. Don Young — is praising the plan as a means to boost the state's economy, per the Washington Post. But environmental advocates are lamenting the potential loss of wildlife protections for the Alaskan tract that have spanned over four decades.

21 mins ago - Health

15 states broke single-day coronavirus records this week

Data: Compiled from state health departments by Axios; Map: Danielle Alberti/Axios

At least 15 states broke their single-day novel coronavirus infection records this week, according to state health department data reviewed by Axios.

The big picture: The number of coronavirus cases increased in the vast majority of states over the last week, and decreased in only two states plus the District of Columbia, Axios' Andrew Withershoop and Caitlin Owens report.

Updated 39 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Global: Total confirmed cases as of 3 p.m. ET: 11,143,945 — Total deaths: 527,681 — Total recoveries — 6,004,593Map.
  2. U.S.: Total confirmed cases as of 3 p.m. ET: 2,818,588 — Total deaths: 129,584 — Total recoveries: 883,561 — Total tested: 34,213,497Map.
  3. States: Photos of America's pandemic July 4 ICU beds in Arizona's hot spot reach near capacity.
  4. Public health: U.S. coronavirus infections hit record highs for 3 straight days.
  5. Politics: Trump extends PPP application deadlineKimberly Guilfoyle tests positive.
  6. World: Mexican leaders call for tighter border control as infections rise in U.S.
  7. Sports: 31 MLB players test positive as workouts resume.
  8. 1 📽 thing: Drive-in movie theaters are making a comeback.