[COSCO Shipping Wins the Bid for Saudi Aramco Offshore Oilfield Services Project] Recently, Chinese company COSCO Shipping and Special Transportation received a contract from Saudi Aramco to expand its Marion offshore facilities, further consolidating Beijing's economic role in the region. The company provides ship transportation services and is one of the largest companies in the world, providing two semi submersible vessels for transportation and installation services for the development of Marian facilities. This contract is related to the "support package one" of the $12 billion Marian crude oil incremental program, aimed at increasing the facility's oil production by 300000 barrels per day and increasing liquefied natural gas (LNG) production by 360000 barrels per day. This will result in an estimated oil production of 800000 barrels per day. The contract awarded to COSCO will support the construction of the new Marjan GOSP-4 platform, which can handle 470000 barrels of oil, 813000 barrels of liquefied natural gas and 750 million cubic feet of natural gas per day. Editor/Ma Xue

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• 2026.06.24 17:12
• [CIMC Raffles signs overseas new shipbuilding contract]
• CIMC Raffles and Norwegian Dutch joint venture companies have signed a contract to build a new generation of deep-water multifunctional offshore installation ships, and the project has entered the implementation stage. The vessel was built at Haiyang Base in Shandong Province, with a length of 132.6 meters and a width of 32 meters. It has a capacity of 100 people and a maximum operating depth of 4000 meters. It is equipped with multiple professional operating equipment and meets the methanol reservation and DP2 power positioning standards. It is classified as DNV. The joint venture company is jointly owned by Solstad and SBM, and the ship will be operated by the Norwegian side after delivery, with the Dutch side enjoying priority use rights. This signing highlights the strong international competitiveness of Chinese offshore shipbuilding enterprises.Editor/Gong Ziwei

• 2026.06.24 17:07
• [New breakthrough in new energy development in Nyingchi, Xizang]
• On June 23, 2026, a press conference was held in Lhasa on the high-quality development achievements of Linzhi City, Xizang during the 14th Five Year Plan period and the planning work during the 15th Five Year Plan period. At the meeting, it was introduced that the total installed capacity of clean energy in the city has increased from 356800 kilowatts to 450800 kilowatts by 2025, and the installed capacity of hydropower under construction has reached 4.9292 million kilowatts, achieving zero breakthrough in the large-scale development and application of new energy.Editor/Gong Ziwei