Are we seeing more O&G Player "Gulung Tikar" (Winding Up)

Few days ago I came across news that Swiber is winding up...what a surprise. They are one of the service companies that was well respected in the services that they are in. Are we seeing more casualties soon, if the oil price stays like now.

Based on my observation, I am expecting few more companies are heading towards the same directions. Why? because I believe all reserved being used this year, so there will no more money to spend. I hope I am wrong because I want to see this industry flourish back to what it used to be.