Ahead of ADIPEC 2026 in Abu Dhabi, King & Spalding’s global energy team explores the forces reshaping the energy sector across the Gulf and beyond. From the rapid growth of AI and digital infrastructure to evolving geopolitical dynamics and changing market conditions, how are these developments challenging established assumptions around energy investment, security and project delivery? Produced in partnership with Petroleum Economist, in this updated report we examine some of the most significant developments shaping the sector in 2026. This includes a closer look at the power solutions needed to support the Gulf’s rapidly expanding AI data centre buildout, as well as how markets are pricing in renewed geopolitical optimism. Alongside these emerging themes, we provide practical insights into how energy companies, investors and other market participants are responding to a fast-changing global landscape.