Saudi Arabia Idles Drilling Rigs as Pandemic Saps Oil Demand

Saudi Arabia Idles Drilling Rigs as Pandemic Saps Oil Demand

Aramco suspends work at two offshore rigs for up to a year. The world's biggest oil exporter is hitting the brakes in developing some of its crude and natural gas deposits, idling two offshore drilling rigs as the coronavirus batters energy use.. Saudi Arabia needs gas to generate electricity and make chemicals.. Dubai-based Shelf Drilling Ltd. said Monday that operations at an offshore rig contracted to Aramco would be suspended at the client's request for as long as a year..