ADNOC Approves $6.2 Billion Investment for Umm Shaif Offshore Gas Field Development

Abu Dhabi National Oil Company (ADNOC) has approved a $6.2 billion investment to develop the Umm Shaif offshore gas field, in partnership with TotalEnergies, Eni, and China National Petroleum Corporation. The project is expected to produce up to 600 million standard cubic feet of natural gas per day by 2030.

By Cris Tolomia Tue, July 21, 2026 at 3:03 PM GMT+3 2 min read · Yahoo Finance · July 21, 2026, 12:03 UTC

Topics: ADNOC international partnerships natural gas development Umm Shaif Gas Cap

Read the full article at Yahoo Finance

More Business news

Natixis CIB Leads $233.3 Million Refinancing for Midtown West Luxury Multifamily Property PR Newswire · November 12, 2026, 18:03 UTC
Ares Management Raises $3.6 Billion for New Credit Secondaries Fund Seeking Alpha · November 12, 2026, 16:56 UTC
Yahoo Becomes First Licensee Under Internet Licensing Collective AI Model The Verge · November 12, 2026, 16:36 UTC
Kennedy Funding Closes $5.625 Million Land Loan for Dominican Republic Tourism Project PR Newswire · November 12, 2026, 16:14 UTC
Norwest Raises Record $4 Billion Fund Focused on Artificial Intelligence Expansion TechCrunch · November 12, 2026, 15:18 UTC
U.S. Existing Home Sales Fall to 16-Year Low in October MarketWatch · November 12, 2026, 15:01 UTC
Bronstein Properties Acquires The Gardens Shopping Center in New Jersey for $41 Million PR Newswire · November 12, 2026, 13:48 UTC
Acre NY Realty Announces Groundbreaking for New Residential Development in Long Island City PR Newswire · November 12, 2026, 13:44 UTC
Clever Real Estate Reaches $250 Million in Cumulative Savings Milestone for Home Sellers PR Newswire · November 12, 2026, 13:41 UTC
Anthropic Announces Initial Public Offering Scheduled for November 19 The Verge · November 12, 2026, 13:37 UTC