[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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• 2026.08.24 11:24
• [Three major hubs of Pinglu Canal achieve dual power supply]
• Recently, the construction of the Pinglu Canal Power Project reached a historic moment - the second external power line of the Youth Hub and Qishi Hub was connected and put into operation. At this point, the three core hubs of Pinglu Canal have fully achieved dual power supply, marking the official installation of electric dual engines in this century project and entering the full speed sprint stage of the navigation countdown. Editor/Cheng Liting

• 2026.08.24 11:24
• [S4000 floating wind power system completes full process release verification]
• Recently, China has made significant engineering breakthroughs in the field of high-altitude wind power. The S4000 floating wind power generation system, independently developed by China, has successfully completed the full process flight verification at a test base in northwest China, marking the official transition of China's high-altitude wind power technology in the stratosphere from technological iteration to engineering implementation. Editor/Cheng Liting