Two workers were missing after fire broke out on a drilling rig in Chevron's Funiwa oil facility in southeast Nigeria on Monday, Chevron said.
"Search and rescue has successfully found 152 of 154 personnel. W
Top oil exporter Saudi Arabia has unexpectedly called on oilfield service firms to expand its oil rig count by nearly 30 percent to boost output capacity, Simmons & Co analyst Bill Herbert said on Monday.
The oil rig sector is likely to see consolidation as rates for renting out drilling rigs are falling along with weaker oil prices, industry experts have said.
'We're going to see tremendous consolidation -- there's going to be
Arab Shipbuilding & Repair Yard Company (Asry) held a ceremony to mark the completion of repairs to the oil rig Albzoom.
Albzoom is owned by the National Drilling Company (NDC) of Abu Dhabi, and took a 16-month refit that included reb