Final Control Market Pulse

• US supply shift: Depleted shale reserves and rising costs end the era of cheap gas, with Henry Hub seen at $5/MMBtu by 2035.
• Geopolitical shock:...

Refinery utilization above 90% already signals a tight system, as 100% is physically rare due to maintenance needs.

• Seasonal turnarounds create...

A Ukrainian drone strike has knocked out 100% of primary crude processing at Rosneft’s Syzran refinery, with both AVT-5 and AVT-6 distillation units...

Bechtel’s record of delivering 12 US LNG trains on schedule and budget offers a proven model for complex energy projects.

• Integrated EPC model:...

The IP pipeline stands out as Pakistan's more feasible path to energy security, driven by proximity to Iran, shorter manageable terrain, and freedom...

Egypt aims to reach a 45% renewable energy mix within two years through a new partnership with China’s CSGI, as discussed in a meeting between the Egyptian electricity minister and CSGI representatives.

Amron Oil Resources, the 50:50 JV between GP Petroleums and West Coast Oils LLP, has been named IOCL's operating partner for the Pipavav Bitumen Cell. The JV has manufactured and supplied high-performance bitumen products since 2004.

Refinery Incidents

• Marathon Catlettsburg Fire: Fire at Marathon’s Catlettsburg refinery is now under control with no injuries or off-site...

Ukrainian forces struck Rosneft’s Syzran refinery in Russia’s Samara region, killing one civilian and injuring three others including a child....

US and Gulf partners are accelerating pipelines and corridors to bypass the Strait of Hormuz, cutting Iran's ability to disrupt oil flows.

• UAE...

ExxonMobil generated $52 billion in operating cash flow for 2025, following $55 billion the prior year, even as WTI plunged 21.2% in a single month....

A fire at Marathon’s Catlettsburg refinery was brought under control Saturday night, with no injuries reported and no off-site impacts detected. Air monitoring was deployed as a precaution while trained teams responded.

US Gas-Fired Power Pipeline

• 🔥 Data Center Demand: At least 74 gas-fired power projects totaling 143 GW are now in development in the United...

Cheniere is advancing a two-phase expansion at its Sabine Pass LNG terminal as Gulf Coast facilities continue to scale up.

Strait of Hormuz crossings plunged from 30 to 22 in one day after renewed Iran-US fighting damaged a Qatari LNG tanker and restricted vessel...

Turkey and Northern Cyprus signed an MoU for a 97-kilometer underwater natural gas pipeline expected online in 2028 to strengthen the territory's...

• US gas pipeline surge: 74 gas-fired projects (143 GW) now target data center demand, including 71 new builds, tightening future PPA availability.
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• Washington-California-Quebec carbon market linkage expected to deliver lower, stabler prices.
• Norwegian major capturing spark-spread gains in...

Key developments signal rising demand for control solutions across power and oil & gas:

• 74 US gas plants (143 GW total) now target data-center load,...

LNG Fleet Investments

• 🔥 ADNOC Newbuild Order: ADNOC Logistics and Services placed a $900 million order for four newbuild LNG carriers to expand...