competitive intelligence research
BP Strategic Outlook
BP enters 2026 at an inflection point — a company with world-class capabilities and a storied legacy, yet still struggling to find strategic equilibrium. The arrival of Meg O’Neill as CEO will begin to answer questions about how BP will define this next phase of its 117-year history. For more than 75 years, Energy Intelligence has tracked BP’s evolution with unmatched continuity, building decades of reporting, analysis and insider insight across the global energy system. This report draws on that foundation, shaped by voices from across the industry, to lay out the challenges ahead for BP. In this special report, Energy Intelligence sees the core focus areas as better defining BP’s corporate culture, executing a consistent strategic focus, managing investor expectations and improving the balance sheet.
risk research
Mideast Gulf War: Tenuous Ceasefire Outlook and Energy Sector Impact
The two-week ceasefire in the Mideast Gulf War and upcoming talks in Pakistan provide the first concrete hope of a diplomatic off-ramp to the conflict. The ceasefire is tenuous and the parties must overcome large hurdles to reach a deal. As part of updated Energy Intelligence scenarios, there remains a strong chance that hostilities resume or talks drag on, potentially leading to a frozen conflict. For oil markets, major tightness in the physical markets will persist for months, while for LNG, prices also dropped but are likely to stay elevated into 2027 as European re-injection season begins.
gas and lng research
Critical Trends: Mideast Gulf War Edition
In our latest Critical Trends reports, Energy Intelligence updates the expectations for gas and LNG prices that have evolved since early March in line with Mideast Gulf developments, with an eye on pricing dynamics akin to those encountered during the 2022 Russia crisis. In considering implications for long-term LNG demand, we also revisit the assumptions that have underpinned our outlook. On the supply side, we employ our proprietary project risk development framework to evaluate headwinds for advancing LNG ventures – even as current upheaval provides tailwinds. Finally, we have included our latest outlook for liquefaction capacity expected to reach FID this year.
Special Report
AI Initiative Tracker: March 2026 Update
Energy Intelligence’s proprietary AI Initiative Tracker captures activity of 50 major oil and gas companies since 2023. This update highlights developments since our initial October 2025 report. The upward trend of energy companies announcing AI initiatives continues, with firms interacting with AI in four main ways: integrating AI into their businesses; supplying energy for AI; investing in AI companies; and partnering with AI companies to offer services to other energy players. Three main regional centers of AI use are emerging – North America, Europe and the Mideast Gulf – while NOCs as a peer group are embracing AI the fastest.
gas and lng research
LNG Market Evolution Quarterly, Q1’26
The conflict in the Middle East has upended the short-term outlook for both spot and term LNG prices. The duration of LNG disruption from Qatar (and the United Arab Emirates) will be key to the magnitude of market upheaval, with other elements set to support volatility even after resolution. Long-term LNG market implications were evident after the last market crisis in 2022 and may now become more urgent. In the US, December and January gas market chaos revived questions about medium-term equilibrium and LNG vulnerability given potential for a growing supply-demand imbalance. Our latest LNG Market Evolution Quarterly examines these various market dynamics as well as provides our latest price forecast.