Offshore Driller Ensco Lays Off 350 Workers in Houston

Offshore Driller Ensco Lays Off 350 Workers in Houston
Offshore Driller Ensco Lays Off 350 Workers in Houston

London-based Ensco Offshore Co. is laying off 350 workers, according to a WARN notice sent to the Texas Workforce Commission (TWC).

The offshore driller is conducting the layoffs due to the anticipated stacking of three ultra-deepwater drillships and one semisubmersible. Affected offshore workers on the ENSCO DS-3 (UDW drillship), ENSCO DS-4 (UDW drillship), ENSCO DS-5 (UDW drillship) and ENSCO 8500 (UDW semisub) work in the international waters of the Gulf of Mexico and report to Ensco’s office in Houston.

The layoffs began May 11 and will continue for 60 days. The company plans to keep some workers at the stacking locations.

Ensco has global operations through three business units – North and South America; Europe and the Mediterranean; and Middle East, Africa, Asia and Pacific Rim. The company reported 1Q 2016 revenues of $814 million, compared to $1.164 billion a year ago, primarily due to a decline in reported utilization to 65 percent from 86 percent in 1Q 2015, in its quarterly report.   

 

Valerie is an experienced writer and editor dedicated to providing useful and relevant career news about the oil and gas industry. Email Valerie at valerie.jones@rigzone.com

WHAT DO YOU THINK?

Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE

More from this Author
Valerie Jones
Editor, Careers | Rigzone
 -  Rigzone Survey: Millennials Want Train... (Dec 5)
 -  Jobs Report: US Mining Employment Unch... (Dec 2)
 -  Rowan Idles Rig, Will Lay Off Up To 11... (Nov 28)
 -  BLOG: AFBE-UK Scotland Prepares Minori... (Nov 23)
 -  Body Art and Oil, Gas: Are Your Tattoo... (Nov 22)


Most Popular Articles

From the Career Center
Jobs that may interest you
Operations Manager
Expertise: Operations Management|Process Management|Regulatory Compliance
Location: Kermit, TX
 
Total Compensation Advisor Opportunity in Houston, TX - DH
Expertise: HR - General
Location: Houston, TX
 
Data Clerk I
Expertise: Inventory Control|Purchasing|Secretarial or Administrative
Location: Godley, TX
 
search for more jobs

Brent Crude Oil : $54.46/BBL 0.96%
Light Crude Oil : $51.68/BBL 1.21%
Natural Gas : $3.44/MMBtu 1.99%
Updated in last 24 hours