[Saipem wins $1.25 billion onshore and offshore contracts in Middle East]Saipem has secured US$1.25 billion worth of onshore and offshore contracts in the Middle East. The first group deals with the extension of onshore drilling contracts in the Middle East with a total value of approximately US$600 million. The award relates to a ten-year extension of existing contracts for four onshore drilling rigs located in the Middle East. Editor/Xing Wentao
Recently, the low nitrogen transformation of steam injection boilers in Fengcheng Oilfield, Xinjiang has been fully completed, with emissions meeting standards and a significant reduction in failure rates, achieving a win-win situation of green and stable production.Editor/Gao Xue
On June 23, 2026, GCL Energy Technology signed a contract with Shaoguan to invest in the construction of a billion dollar South China intelligent computing base, creating a zero carbon computing power base and empowering AI and low altitude economy in the Greater Bay Area.Editor/Gao Xue