Final Control Market Pulse

Energy majors flag enduring impacts from Qatar LNG asset damage amid Iran war, squeezing markets and lifting prices.

Key signals:

• Exxon reports...

• One-Year FID Pushback: Big River Energy delays Gato Negro LNG project's FID in Manzanillo to late 2027 from late 2026, amid regulatory hurdles; 2030...

Multi-angle fallout from US-Iran Hormuz tensions:

• Refinery shutdowns: Bangladesh's sole refinery halted ops until early May due to crude shortages...

Europe squeezed: Refining margins negative, bucking global trend due to Asian refiners aggressively competing for crude, hiking costs—plus higher...

• Iran war offline ~20% global LNG supply, driving Europe/Asia reliance on US exports.
• US LNG feed gas hit record ~20 Bcf/d late March 2026 (YTD avg...

Schneider Electric is hiring a Key Account Manager for Energies & Chemical (Oil & Gas) in Abu Dhabi, targeting sales growth across upstream,...

Geopolitical Tensions Drive Energy Price Surges

• 🔥 Oil Rally from Strait of Hormuz Threats: Oil prices surged with ICE Brent rising more than 9%...

Argentina offshore gas exports gain momentum as CoreMarine and Jumbo Offshore secure FLNG transport, installation, and hook-up contract from Southern...

Geopolitical easing unlocks Venezuelan oil for US refineries: Chevron's Pascagoula plant processes 400,000 barrels from tanker Minerva Gloria,...

Major LNG milestone reinforces North American supply amid global demand:

• Train 1 produces first LNG in Sabine Pass, Texas; QatarEnergy/ExxonMobil...

Major investments signal surging African end-market needs for valves/automation:

• ExxonMobil's $16bn Nigeria deepwater expansion: Erha FPSO upgrades,...

Competitive edge for Honeywell in US LNG: Its CWHE equipment and C3MR process—used in first 3 trains—selected for Trains 4/5 via Bechtel, expanding...

Cascading disruptions from Iran tensions threaten Final Control demand in oil/gas/process sectors:

• LNG crisis: Qatar force majeure on exports (15%...

Key project details for US natgas infrastructure:

• 8-mile replacement initiative announced by Consumers Energy
• 2026 start in Royal Oak, Clawson, and Warren
• Phased through 2029, replacing aging pipeline
  Signals steady CAPEX in natgas upgrades.

Key innovations from Baker Hughes for LNG efficiency push:

• NMBL modular trains: Standardized 0.8-2 MTPA blocks enable faster, lower-risk builds via...

• 99.8% water reduction at Louisiana LNG facility via John Crane's Type SB2 USP dual-cartridge seal
• Showcases sustainability gains from advanced mechanical seal design in LNG ops
• Key competitive intel for efficiency-focused process clients

Mideast Geopolitical Risks and Recovery

• 🔥 Drone Attacks on Gulf Energy Sites: Several Mideast Gulf energy sites were hit by drones, including...

Timeline of risks to key oil transit assets:

• 7 April US-Iran ceasefire fails to halt strikes: Iran hits Saudi East-West pipeline (down 700k b/d),...

• Golden Pass milestone: $10B QatarEnergy-Exxon JV produces first LNG amid ME crisis, bypassing Hormuz risks for secure exports.
• Capacity boost:...

• 5-7% CAGR in fee-based adjusted EBITDA per share through 2030, via existing asset optimization and new projects
• Investments in LNG, LPG,...