Exploration

BP has released a strategic progress update related to its exploration, upstream and downstream global activities.

National Oilwell Varco, Inc. reports its first quarter earnings and backlog.

BP has announced its financial results for the first quarter of 2014, reporting an underlying replacement cost profit of US$ 3.2 billion.

Premier Oil has announced that the Kuda Laut-1 well in Tuna PSC offshore Indonesia has discovered 183 ft of net oil-bearing reservoir.

Bristow Group will showcase its offshore helicopter technologies at this year’s Offshore Technology Conference in Houston, Texas.

Douglas Westwood’s new report forecasts that US$ 24 billion will be spent on offshore helicopter services between 2014 and 2018.

Some updates from BG Group, including exploration operations and the resignation of Chris Finlayson, Chief Executive.

Hydrasun has invested over £600 000 in new specialist equipment and inventory for subsea intervention operations.

The recent tragic events surrounding Flight MH370 have allowed the public a rare glimpse of the technologies used to tap oil and gas deep below the ocean’s surface.

3sun Group has successfully completed a full life cycle project for a North Sea oil and gas exploration and production company.

Gulfsands Petroleum has expanded its onshore footprint in Morocco, after receiving a 75% stake in a newly formed licence block.

According to Jack Gerard, President and CEO of the API, the improvement of women and minorities’ preparation for STEM is a national priority.

A selection of this week’s news from the global upstream oil and gas industry.

PetroChina has released its key financial data for the first quarter of 2014, posting a turnover of RMB 528.9 billion and a net profit of RMB 34.2 billion.

DNV GL Group President and CEO Henrik O. Madsen received the coveted Lifetime Achievement Award at the Seatrade Awards in London this week.