[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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• 2026.07.14 11:48
• [China's first low altitude ocean economy development association established]
• On July 11, 2026, the first provincial-level ocean low altitude integration industry association in China, the Hainan Ocean Low altitude Economic Development Association, was unveiled and established in Haikou. The association will promote the standardized and clustered development of local industries, and sort out 13 major ocean low altitude application scenarios, covering multiple fields and the entire industry chain. The follow-up association will improve industry standards, gather industrial resources, hold industry exchanges, and pilot implementation scenarios. This industry has been included in Hainan's 15th Five Year Plan for Marine Economy. The association will build a bridge for communication between government and enterprises, integrate industrial resources, and help Hainan build a new highland for the development of marine low altitude economy, cultivating a new growth pole for free trade ports.Editor/Gong Ziwei

• 2026.07.14 11:45
• [State Grid launches think tank policy analysis network for substantive operation]
• The kickoff meeting for the policy analysis network of the State Grid Think Tank system was held in Beijing, and the relevant collaborative work was officially implemented. At the meeting, State Grid Energy Institute introduced the joint construction plan, work arrangements for the second half of the year, policy library, and laboratory sharing measures. The first ten co construction units, including State Grid Hebei North, Shandong, and Gansu, exchanged practical achievements. Policy analysis is the core function of State Grid Think Tank. State Grid Energy Institute takes the lead in building a collaborative analysis network, integrating multiple research resources, and coordinating systematic and organized policy research.Editor/Gong Ziwei