KBR has a longstanding involvement in Iraq. (Image source: KBR)

KBR has been awarded a major contract by Basra Oil Company (BOC) to provide Integrated Field Management Services (IFMS) for the giant Majnoon oilfield in southern Iraq

Majnoon is one of the world’s largest oil fields, with estimated reserves of more than 38 billion barrels.

Under the contract, KBR will provide comprehensive upstream engineering, project and operations management, and maintenance services to enhance crude production, modernise field facilities, and implement advanced AI and digital technologies to optimise reservoir performance in a safe and sustainable manner. KBR’s scope of services includes subsurface drilling and reservoir engineering to ensure an integrated approach towards the development, operation, and maintenance of the oilfield.

The project is expected to generate significant local employment across Iraq’s engineering, construction, and oilfield services industries, with an initial estimated work force of around 2,000 in-country personnel. KBR will support the project through its in-country teams as well as its global engineering centres, combining strong local engagement with international best practices in project delivery, digital engineering and operational excellence. Throughout the execution phase, KBR will support the development of local community initiatives, with an emphasis on best practices in engineering, safety, and technical skill development.

“This award underscores KBR’s deep and diverse technical capability, including upstream operational services, and decades long commitment to Iraq,” said Jay Ibrahim, President, KBR Sustainable Technology Solutions. “Oilfield development projects of this scale and complexity require a strategic and trusted high-value provider with proven in-country experience, disciplined execution, and a strong safety culture. We are honoured to support BOC in advancing Iraq’s energy ambitions and delivering sustained long term value.”

KBR has a longstanding involvement in Iraq and has played a significant role in the country;s energy sector, in areas ranging from masterplanning to complex maintenance programmes and the monetisation of gas flaring. It has also made a significant contribution to knowledge transfer and training for Iraq’s dynamic engineering sector.

The cooperation between the two companies paves the way for integrated solutions that provide effective, sustainable, and technologically advanced responses to the future challenges of the energy market. (Image source: MOL)

Geoinform, a subsidiary of Hungary's MOL and leading service provider in Hungary’s hydrocarbon and geothermal sectors, has signed a collaboration agreement with Baker Hughes, to introduce innovative oil and gas technologies designed to meet emerging market demands and increase operational efficiency

The cooperation between the two companies paves the way for integrated solutions that provide effective, sustainable, and technologically advanced responses to the future challenges of the energy market. It includes the introduction of new service activities, asset maintenance and operations, equipment rental, technical support, engineering consultancy, as well as professional training programmes.

“The cooperation agreement with Baker Hughes marks another important milestone in the development of Geoinform Ltd. The jointly applied modern technologies will enable us to offer our clients even higher quality, faster, and more efficient technical solutions. We firmly believe that this longstanding collaboration, now elevated to a new level, creates significant value for domestic and regional energy industry players,” said András Dianovszki, managing director of Geoinform Ltd.

The collaboration will help support sustainable operations and enable domestic and regional energy industries to gain access to modern, safe, and environment-friendly technologies. It will also help Geoinform enhance its role in exploration and production across the Central and Eastern European region by deploying technologies developed by Baker Hughes and applying modern engineering solutions.

Mohamed Houari, CEO of Industrial Services at DNV. (Image source: DNV)

Independent assurance and risk management provider DNV has launched Industrial Services, in response to growing demand from customers navigating increasingly complex energy transition projects, expanding infrastructure investment and more stringent quality and compliance requirements

The new name signals a broader industrial focus, spanning traditional energy, renewables, power transmission, hydrogen, carbon capture, rail and industrial manufacturing, with support for customers across the full asset lifecycle, from fabrication and construction through to operations and in-service performance. It represents an evolution of DNV's inspection business into a dedicated global provider of quality assurance and inspection services for energy, infrastructure and complex industrial supply chains.

Mohamed Houari, CEO of Industrial Services at DNV, said, “Industrial assets today are larger, more interconnected and more critical to society than ever before. At the same time, regulatory scrutiny and supply chain complexity are increasing.

“Our customers need partners who combine technical expertise with global reach and local presence. DNV’s Industrial Services reflects that evolution, we are strengthening our role as a trusted industrial partner helping safeguard performance, manage risk and accelerate delivery of vital energy and infrastructure projects.”

Originally rooted in oil and gas inspection, the business has significantly expanded in recent years into offshore wind, power, transmission and distribution, hydrogen and carbon capture and storage. The recent integration of DNV’s railway business further strengthens its capabilities across transport and critical infrastructure.

Operating as a standalone business unit within DNV Group, DNV’s Industrial Services looks to deepening customer partnerships, expanding into adjacent industrial markets and enhancing digital and data-driven capabilities to improve service delivery and asset performance.

Mansoor Mohammed Al Hamed, managing director & CEO of Mubadala Energy. (Image source: Mubadala Energy)

Mubadala Energy, the Abu Dhabi headquartered international energy company, has acquired a 15% participating interest in Egypt’s Nargis offshore concession from Eni

The Nargis concession is located in the prolific East Nile Delta Basin of the Mediterranean Sea, approximately 50 km offshore. It includes the Nargis 1 gas discovery made in early 2023 and is adjacent to the Eni-operated Nour concession, which Mubadala Energy entered in 2018 with a 20% stake.

The Nargis concession is operated by Chevron, which has a 44% contractor interest, with Eni now holding 30% of the contractor interest through its subsidiary, IEOC and the remaining 10% interest owned by Tharwa Petroleum Company. The contractor group holds 50% of the concession, with the Egyptian Natural Gas Holding Company (EGAS) also holding 50%.

Mansoor Mohammed Al Hamed, managing director & CEO of Mubadala Energy, said, “This acquisition of a 15% interest in the Nargis Concession further reinforces our long term commitment to Egypt, expanding our portfolio with a high impact growth opportunity alongside world class partners in the strategically important East Med region.”

In addition to Nargis and Nour, Mubadala Energy has a 10% stake in the Shorouk concession, containing the giant Zohr gas field, also located in the Mediterranean Sea offshore Egypt and operated by Eni. The Zohr gas field is the largest gas discovery in the Mediterranean, with estimated reserves of 30 trillion cubic feet.

Mubadala Energy manages assets and operations spanning 11 countries, with a primary geographic focus on the Middle East and North Africa, Russia and Southeast Asia. It has a strategic focus on expansion across the gas value chain in line with its commitment to play an active role in the energy transition. Last year the company expanded into the US market with a strategic investment in US gas and LNG through Kimmeridge.