o boy lost oil; pressure wounds like the motor is done for. without oil and at that an oil pressure loss all the friction caused by the engine parts went completly unlubricated for x amount of time. I can tell you this anything more than just seconds without oil will shred the engine and destroy it easily puting the equivlent of thousands of miles in just seconds.
if he shut it off soon enuf he might be able to get away with a half decent runing engine. anything more and its probably gone.
as for what blew its hard to say, has he turned it into a hi performance machine?
other than cracking the block or oil pan its gona be hard to imagine the rest.
like throwing a rod or depressing the crank. Really this is one hes gona have to inspect, sorry?