ADNOC Approves $6.2 Billion Gas Project in Abu Dhabi

Abu Dhabi’s national oil company ADNOC on Tuesday announced a $6.2 billion final investment decision to develop the Umm Shaif Gas Cap project in Abu Dhabi as part of its strategy to grow its global gas portfolio. ADNOC will develop the project alongside its international partners—France’s TotalEnergies, Italy’s Eni, and China National Petroleum Corporation (CNPC). The final investment decision (FID) includes three engineering, procurement, and construction (EPC) packages totaling $5.1 billion for large-scale offshore infrastructure…