Rigzone.com: Latest News Headlines

• Oil Slides on Saudi Price Cut October 5, 2026
  Crude prices declined as Saudi Arabia cut Asian prices and Hormuz oil flows improved.
• BP Must Make Better Use of Shareholder Capital, CEO Says October 5, 2026
  BP Plc needs to make better use of investor capital, Chief Executive Officer Meg O'Neill said.
• North America Enters Rig Addition Streak, BH Count Shows October 5, 2026
  North America added seven rigs week on week, according to Baker Hughes' latest North America rotary rig count.
• MidOcean Expects to Raise $4B LNG Growth Capital This Year October 5, 2026
  The LNG company managed by EIG concluded its funding round for the year with over $4 billion in closed and pending commitments from new and existing investors.