July 24, 2026

Adnoc, Partners to Proceed With $6.2 Billion Umm Shaif Gas Cap Project

 Adnoc, Partners to Proceed With $6.2 Billion Umm Shaif Gas Cap Project

Abu Dhabi National Oil Company said it would proceed with the $6.2 billion development of the offshore Umm Shaif Gas Cap, increasing its bet that long-term gas demand remains strong despite conflict in the Middle East highlighting supply vulnerabilities.

Adnoc said Tuesday that it has taken the final investment decision on the project alongside France’s TotalEnergies, Italy’s Eni and the China National Petroleum Corporation.

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  • Peter Lynch

    Lynch co-authored several bestselling investment classics, including One Up on Wall Street, Beating the Street, and Learn to Earn. Known for his accessible and common-sense approach to the stock market, he coined the famous investment mantra, "Invest in what you know." This philosophy empowers everyday individual investors to find market-beating opportunities by observing consumer trends and products in their own daily lives before Wall Street notices them.Beyond his writing and investing career, Lynch is a prominent philanthropist. He works actively through the Lynch Foundation to support education, medical research, and cultural organizations. He continues to serve as a vice chairman of Fidelity Management & Research Company, mentoring new generations of financial analysts.

Peter Lynch

https://investmentdepartment.com

Lynch co-authored several bestselling investment classics, including One Up on Wall Street, Beating the Street, and Learn to Earn. Known for his accessible and common-sense approach to the stock market, he coined the famous investment mantra, "Invest in what you know." This philosophy empowers everyday individual investors to find market-beating opportunities by observing consumer trends and products in their own daily lives before Wall Street notices them.Beyond his writing and investing career, Lynch is a prominent philanthropist. He works actively through the Lynch Foundation to support education, medical research, and cultural organizations. He continues to serve as a vice chairman of Fidelity Management & Research Company, mentoring new generations of financial analysts.

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