Saturday 23 August 2014
 
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oil rigs

Aramco to boost number of oil drilling rigs

State oil giant Saudi Aramco plans to raise the number of drilling rigs it operates to pre-crisis levels of at least 130 by the second quarter of 2012 as it strives to maintain production capacity levels, industry sources said. Aramco had

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Hurricane Alex hits Mexico, avoids oil rigs

Hurricane Alex hit the Mexican coast south of the US border on Wednesday, flooding towns far inland, but the powerful storm stayed clear of oil fields to the relief of crude markets. The Category 2 hurricane hampered efforts to control the

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