Rigzone.com: Latest News Headlines

• North America Drops More Rigs Week on Week April 7, 2026
  North America dropped six rigs week on week, according to Baker Hughes' latest North America rotary rig count.
• Trump Says Iran Could 'Die Tonight' April 7, 2026
  President Donald Trump threatened Iran with civilizational destruction.
• Phillips 66 Books $900MM in Hedging Losses as Prices Surge April 7, 2026
  'The sharp increase in commodity prices during the first quarter resulted in a net outflow of approximately $3 billion of cash collateral on derivative positions'.
• Texas Upstream Employment Drops in January April 7, 2026
  Texas upstream employment declined at the start of the year, according to a statement sent to Rigzone by TIPRO recently.