China Petroleum Engineering Corp

China Petroleum Engineering announced that the company's cumulative new contract value from January to July 2026 reached 97.3 billion yuan, up 19.37 percent year on year. New contracts signed in July alone amounted to 4.829 billion yuan.

ExxonMobil Moçambique Limitada has awarded a letter of intent to McDermott Energy Solutions (UK) Limited for limited engineering and procurement services on the Rovuma LNG Phase 1 midstream development. The award was made on behalf of the Area 4 partners and supports continued project definition ahead of a final investment decision expected in 2026. McDermott is a majority shareholder in the SMDC joint venture with Saipem, Daewoo Engineering & Construction, and China Petroleum Engineering & Construction Corporation, which will execute the work. The onshore development is planned to include 12 modular liquefaction modules producing 18.6 million tonnes of LNG per year, with start-up anticipated in 2031, and represents ExxonMobil's largest single investment. Engineering of the inside battery limits will be performed from McDermott's London and Gurgaon offices, while project management will be seconded to the joint venture team in Milan.

China Petroleum Engineering announced that in the first half of 2026, the cumulative value of newly signed contracts reached 92.471 billion yuan. In June alone, new contracts totaled 12.224 billion yuan, including one engineering contract with a single value exceeding 1 billion yuan.