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12 November 2025

Who will make money in the energy industry in 2026? With Rystad Energy Deputy CEO Lars Eirik Nicolaisen

Let’s Talk Energy and uncover how companies have created value in the energy industry in the past and how they can do it in the future.

Episode description

Let’s Talk Energy and uncover how companies have created value in the energy industry in the past and how they can do it in the future. Energy has not been the most popular industry for investors over the past decade or more, as the share of energy companies in the broader stock market has declined relative to industries like technology or healthcare. Nevertheless, some energy companies have performed exceedingly well, both in traditional and transition sectors. With power demand set to surge and forecasts showing oil and gas will likely remain relatively resilient through the transition, key areas of the energy industry are set for lasting success. What is value creation in the first place and what separates a successful company from one that may be struggling? Which parts of the energy industry have outperformed so far this year and which ones might thrive in the year ahead? What are some structural and strategic trends we’re watching that could set up companies for success over the next five years?

Featured in this episode

Noah Brenner

Vice President, Analytics, Rystad Energy

Lars Eirik Nicolaisen

Deputy CEO, Rystad Energy

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