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rig

Markets

Oil halts two-day slide after US rig count resumes decline

Oilrose for the first time in three sessions after the number of active rigs fell in the U.S., potentially easing a supply glut. Futures advanced as much as 1.1 percent in New York, paring a 4.8 percent loss in the previous two sessions. Rigs targeting oil in the U.S. fell by 15 to 372, according to Baker Hughes Inc. More than 150 have been parked since the start of the year.

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Worker airlifted to hospital after accident on North Sea rig

An oil worker has been airlifted to hospital after an accident on a North Sea platform. The Coastguard 951 helicopter was called to the Prospector 1 platform, 150 miles east of Aberdeen around 6.55am today. The man was taken to Aberdeen Royal Infirmary (ARI) with a potentially life threatening injury after an accident on the rig yesterday.