[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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• 2026.04.30 15:36
• [Chongqing Guizhou back-to-back networking project starts construction]
• On April 29, 2026, the Chongqing Guizhou Back to Back Interconnection Project (Guizhou side) started construction in Xishui, Zunyi. Southern Power Grid invested 580 million yuan and plans to put it into operation in June 2027. The project involves the construction of 87.9 kilometers of transmission lines and 179 iron towers, connecting the national and southern power grids. The project is located in the mountainous area of northern Guizhou, and needs to overcome karst geology and 352 crossing difficulties. After being put into operation, it will meet the annual growth demand of 6.4% and 7.8% of the load in Chongqing and Guizhou. Editor/Cheng Liting

• 2026.04.30 15:35
• [Daqing Oilfield's Sichuan Chongqing Exploration Area breaks through the barrier again]
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