[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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• 2026.07.15 10:45
• [TBEA’s First Self-Developed UHV High-Impedance AC Transformer Passes All Tests]
• TBEA has independently developed the first prototype of ultra-high voltage high impedance AC transformer in the manufacturing industry, and multiple parties have witnessed its one-time passing of all testing and trials. The product can suppress short-circuit current in the power grid, save equipment renovation investment, and comprehensively improve the safety and stability of power grid operation. Editor/Min Jing

• 2026.07.15 10:44
• [Chinese Equipment Supplied to Zhanaozen Gas Processing Plant in Kazakhstan]
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