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.
Copyright ©2026 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
investment News
newsplus,Energy,Fossil Fuels,Natural Gas,Hard Commodities,Integrated Oil/Gas,Oil/Gas,Abu Dhabi,Asia,Emerging Market Countries,Dragonfly – Middle East,Dragonfly – World,Middle East,Middle East and North Africa,United Arab Emirates,SYND,WSJ-PRO-WSJ.com,GCAPI,LINK:EN|drn:realtime.linkedarticle.DNCO20260721000455,integrated oil,gas,oil