[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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• 2026.06.16 11:16
• [Renewable energy installed capacity exceeds 2.4 billion kilowatts by April 2026]
• In June 2026, the National Energy Administration held a monthly video conference on renewable energy scheduling. The conference reviewed the development of the industry in the first four months of 2026. As of the end of April, the installed capacity of renewable energy exceeded 2.4 billion kilowatts, accounting for 60.5% of the total installed capacity. The scale of wind and solar installed capacity continued to increase, highlighting the role of green power supply transformation. The meeting analyzed the existing development difficulties, deployed seven key tasks around the beginning of the 15th Five Year Plan, focused on new energy consumption, base construction, market mechanism improvement, enterprise transformation, and other contents. Multiple units participated in the meeting to jointly promote the high-quality development of renewable energy.Editor/Gong Ziwei

• 2026.06.16 11:05
• [Gansu Energy invests 12.9 billion yuan to build large-scale wind and solar projects]
• Gansu Power Investment Runneng (Wuwei) New Energy Co., Ltd., a subsidiary of Gansu Energy Holding, invested in the construction of two major new energy projects in Tengger Desert, with a total installed capacity of 4 million kilowatts and a total investment of 12.917 billion yuan. The company and China Resources Power hold 51% and 49% of the shares respectively, with the project capital accounting for 20%, and the rest relying on loans. The construction period is 24 months and will start in batches. Photovoltaic and wind power projects have been implemented in Liangzhou District and Minqin County respectively, with good revenue indicators and basic completion of relevant filing and approval procedures. The project belongs to the key project of Shagehuang. After completion, it will expand the scale of clean energy for the enterprise, enhance the supply of green electricity in the northwest, and help achieve the dual carbon goals.Editor/Gong Ziwei