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.

The new collaboration addresses the issue of caisson integrity. (Image source: Adobe Stock)

THREE60 Energy, Innovair and Oil States are collaborating to deliver integrated solutions for caisson integrity management in the global oil and gas sector

Managing caisson integrity is a significant challenge for operators of ageing offshore oil and gas assets, as it presents both safety and operational risks and involves complex assessment and repair processes. The alliance combines THREE60 Energy’s Engineering, Procurement, Construction & Commissioning (EPCC) capabilities, Innovair’s advanced inspection technologies, and Oil States’ field experience in repair and installation. Together the team provides a unified workflow from development and delivery of inspection programmes, engineering and implementation of remedial scopes, providing a seamless, end-to-end service.

Innovair provides high-precision scanning, sensing, and robotics solutions to intelligently deliver reliable inspection data. THREE60 Energy translates these insights into engineering solutions and oversees project delivery, while Oil States offers proprietary products ensuring repairs, refurbishment, and replacements are carried out safely and efficiently.

The three companies have already successfully demonstrated this model through an ongoing integrated inspection-to-repair project for a global operator in the North Sea. The offering is available as a standalone caisson integrity service or as part of an integrated EPCC solution.

Alasdair Smith, managing director of EPCC at THREE60 Energy, said, “This alliance brings together the best of three companies, combining Innovair’s technology, Oil States’ proven operational expertise, and THREE60 Energy’s engineering and project delivery capability. Together, we offer clients a comprehensive solution for managing caisson integrity safely, efficiently, and cost-effectively.”

Stuart Lawson, solutions director of Innovair, said, “By integrating our inspection technology with engineering and operational expertise of THREE60 Energy and Oil States, we are redefining the way caisson integrity can be managed across the industry.”

Garry Stephen, group vice president, UK and Asia of Oil States, added, “This alliance builds on our experience in repair and installation services and provides clients with a trusted, end-to-end solution. By working closely with Innovair and THREE60 Energy, we can ensure safe and efficient maintenance and upgrades for caissons worldwide.”