Oil & Gas

Oil & Gas

Even in a more carbon-conscious world, oil and gas will continue to play a significant role in the global energy system. From petrochemicals to power generation, oil and gas technologies will be a central player in the “dual challenge” of meeting increased energy demand and the need for low-carbon energy, making oil and gas still critical for international trade, investment, and geopolitics.

Recent analysis

Sino-Russian strategic energy ties

Dispatches Mar 17, 2026

How the Iran war could trigger a European energy crisis

By Lisa Basquel

Refilling Europe’s depleted gas storage—already a difficult task given the continent’s efforts to stop purchasing Russian gas—is even more difficult now with the Strait of Hormuz effectively closed.
Conflict Economy & Business
Sino-Russian strategic energy ties

Dispatches Mar 12, 2026

Energy under attack: What the Gulf can learn from Ukraine and Iraq

By Matthew Keating

In their successes and shortcomings, Iraq and Ukraine are cases worth studying by countries currently under attack from Iran.
Energy & Environment Geopolitics & Energy Security
Sino-Russian strategic energy ties

Dispatches Mar 5, 2026

What a Middle East oil and LNG crisis means for China and East Asia

By Joseph Webster, Reid I’Anson, and Kevin Li

China, Japan, South Korea, and Taiwan would each be affected by a collapse in energy through the Strait of Hormuz, which Iran has effectively closed.
China Conflict

Programs

The Global Energy Center develops and promotes pragmatic and nonpartisan policy solutions designed to advance global energy security, enhance economic opportunity, and accelerate pathways to net-zero emissions.

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Events

Report

Jan 9, 2020

The role of oil and gas companies in the energy transition

By Robert (“RJ”) Johnston, Reed Blakemore, and Randolph Bell

Many oil and gas companies have recognized the need to decarbonize the energy system to avoid the impacts of climate change. Initial industry efforts to play a role in the energy transition show sincerity and promise. Yet the urgent need for more oil and gas production for the foreseeable future suggests that a comprehensive framework for the oil and gas industry to support a low-carbon future while simultaneously ensuring the world has enough energy to meet development and economic growth goals has yet to be fully developed. What role can the oil and gas industry play lead the way to an energy-rich, globally prosperous, low-carbon future?

Energy Transitions Oil and Gas

Issue Brief

Jan 9, 2020

European energy diversification: How alternative sources, routes, and clean technologies can bolster energy security and decarbonization

By Richard L. Morningstar, András Simonyi, Olga Khakova, Irina Markina

The European Union’s efforts to achieve a carbon-neutral economy present a unique and timely opportunity to strengthen European energy security. What is the EU currently doing to meet its decarbonization goals, address the role of natural gas in Europe’s low-carbon future, and explain the potential for new gas sources, alternative gas routes, and clean energy technologies to reduce carbon emissions? And how can this be done while simultaneously increasing European energy security and opportunities for transatlantic cooperation?

Energy Markets & Governance Energy Transitions
Manufacturing facility

Issue Brief

Jan 9, 2020

The Saudi Aramco-SABIC merger: How acquiring SABIC fits into Aramco’s long-term diversification strategy

By Private: Jean-François Seznec

Throughout 2019, financial markets have watched the planned Saudi Aramco initial public offering (IPO), which was finally launched in December. A quieter, but no less significant, story was the Saudi oil company’s acquisition of SABIC. Saudi Aramco strove to have a successful IPO, especially through increased transparency and diversification, and the SABIC acquisition was a key element of Saudi oil company's diversification strategy. Going forward, what does the merger mean for both companies, what is the new relationship between Saudi Aramco and SABIC, and what are the merger’s implications for the intricate relationship between the various bureaucracies and leadership in Saudi Arabia?

Energy Markets & Governance Energy Transitions
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Content

Issue Brief

Sep 29, 2016

Sino-Russian strategic energy ties

By Miyeon Oh

A secure energy relationship between China and Russia could have profound geopolitical effects in Asia, as well as in Europe. The ramifications of this relationship could alter the role and influence of the United States in Asia.

China Energy & Environment

Report

Sep 15, 2016

Iraqi Kurdistan oil and gas outlook

By John Roberts

As the war against ISIS renders borders increasingly malleable and further strains relations between Erbil and Baghdad, the likelihood of a declaration of independence from the Kurdistan region of Iraq increases. What are the options for the Kurdistan Regional Government (KRG) to capitalize on its oil and natural gas reserves, as well as options that would be available to an independent Kurdistan?

Energy & Environment Iraq

Report

Aug 24, 2016

Completing Europe: Gas interconnections in Central and Southeastern Europe—an update

By John Roberts

What has been the progress made in the development of gas interconnectors, the single most important element in the creation of an effective energy union and in assuring energy security for Europe?

Central Europe Energy & Environment

Report

Aug 1, 2016

Hydrocarbon developments in the Eastern Mediterranean

By Charles Ellinas, with John Roberts and Harry Tzimitras

The Eastern Mediterranean’s hydrocarbon discoveries have massive consequences for the region, even though when considered on a global scale they are relatively small. What are the the technical and geopolitical obstacles to and opportunities for creating a vibrant hydrocarbon market in the Eastern Mediterranean?

Energy & Environment Geopolitics & Energy Security

In the News

Jul 24, 2016

Roberts Joins RFE/RL to Discuss Turkmenistan’s Gas Sector

By John Roberts

Read the full article here.

Energy & Environment Oil and Gas

In the News

Jul 15, 2016

Vakhshouri Quoted by Politico on Investment in Iran’s Oil and Gas Sectors

By Sara Vakhshouri

Read the full article here.

Energy & Environment Iran

Report

Jul 14, 2016

Oil & gas in Brazil: A new silver lining?

By Décio Oddone

Transformations in Brazil's energy sector could be critical to rebooting the broader economy. Today, with state-owned Petrobras still reeling from political scandal, one development welcomed by investors is a bill gaining steam in Congress to open offshore oil discoveries to greater private investment. Is this the beginning of more changes to come?

Americas Brazil

Event Recap

Jun 15, 2016

US Launch: BP Statistical Review of World Energy 2016

By Yigit Erkut

On Wednesday, June 15, 2016, the Atlantic Council hosted the U.S launch of the BP Statistical Review of World Energy 2016 with Spencer Dale, Group Chief Economist for BP. Global energy markets have entered a period of accelerating volatility. The US shale revolution has upended global oil and gas markets. Alternative energy sources are bourgeoning, […]

Energy & Environment Oil and Gas

Event Recap

Jun 9, 2016

Post Iran Nuclear Deal: Policy and Trade Implications

By Grady Wilson

While not much has changed for American investors, the Iran Nuclear Deal has brought about major shifts in international trade, particularity, but not exclusively, in the oil and gas sectors. Richard Nephew joined the Atlantic Council’s Turkey office on June 9, 2016, to discuss the obstacles facing Iran as the Islamic Republic reenters the global […]

Energy & Environment Iran

Issue Brief

May 6, 2016

Stolen Future

By Diane Francis

Diane Francis’ new issue brief, “Stolen Future,” exposes the depth and breadth of the economic devastation a corruption fueled oligarchy has wrought in Ukraine. In the wake of the Euromaidan Revolution, Ukraine has the opportunity to break the cycle of wealth appropriation which has plagued both Russia and Ukraine since the collapse of the Soviet […]

Corruption Democratic Transitions
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Experts

Fellow

Alhussain Abdalla

Nonresident Senior Fellow

Africa Center

Africa Arabic

Fellow

Marino Auffant

Nonresident Senior Fellow

GeoStrategy Initiative Scowcroft Center for Strategy and Security

Economy & Business Energy & Environment

Staff

Reed Blakemore

Director, Research and Programs

Global Energy Center

Geopolitics & Energy Security Energy Transitions

Fellow

Ben Cahill

Nonresident senior fellow

Global Energy Center

Energy & Environment Oil and Gas

Fellow

Neil Ford

Nonresident Senior Fellow

Africa Center

Africa Energy & Environment

Fellow

Agnia Grigas

Nonresident Senior Fellow

Eurasia Center

Eastern Europe Energy Markets & Governance
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