[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

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• 2026.06.09 17:52
• [The giant energy heart of the Qinghai Tibet Plateau welcomes an important milestone]
• On June 6, 2026, the first arch of the underground powerhouse of the largest pumped storage power station under construction in western China, Qinghai Wanrang Pumped Storage Power Station, officially began construction, marking the beginning of the main construction period of the cavern for this giant energy heart rooted in the Qinghai Tibet Plateau. The construction of the underground powerhouse has reached an important milestone, and the project construction has entered a new stage of construction.Editor/Gong Ziwei

• 2026.06.09 17:46
• [China Laos Joint Laboratory for New Power System Technology]
• On June 4, 2026, China Southern Power Grid Corporation and the Ministry of Industry and Trade of Laos signed a joint construction agreement for the China Laos New Power System Technology Joint Laboratory in Beijing. The China Laos Joint Laboratory of Electric Power will focus on scientific research cooperation in the fields of green energy, digital power grid, power artificial intelligence, energy planning, etc., promote the systematic construction and sharing of China Laos electric power technology standards, collaborate on energy strategy research and think tank cooperation, and strive to create a global benchmark for clean energy cooperation in the South.Editor/Gong Ziwei