Transocean, Atwood Oceanics Lay Off 200 Offshore Workers in Texas
Still grappling with a challenging market, offshore drilling companies Transocean and Atwood Oceanics are laying off a total of more than 200 employees who work offshore the Gulf of Mexico.
Transocean, based in Switzerland, stacked the Deepwater Asgard (UDW drillship) due to market conditions, according to data sent to the Texas Workforce Commission (TWC). As a result of the rig being stacked, Transocean is laying off between 110 and 120 of its employees, who report to its Houston office. Affected employees will receive a severance package.
Additionally, Atwood Oceanics, which has headquarters in Houston, is laying off about 86 employees who work on the Atwood Condor (UDW semisub). Affected workers report to Atwood’s office location in west Houston and will receive 60 days’ pay. The company communicated to the TWC Jan. 25 that the layoffs are due to the anticipated stacking of the rig. However, in a Feb. 2 press release, Atwood Oceanics reported a contract amendment, which called for the Atwood Condor to move to Australia and work for Woodside Energy Ltd. on the Greater Enfield Project Campaign. Work on the project will start 1Q 2018.
Both companies stated layoffs are expected to be permanent.
WHAT DO YOU THINK?
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.
- ExxonMobil Racks Up Discoveries in Guyana Block Eyed by Chevron
- Oil Market Sentiment Has Improved Significantly
- EU, US Eye Collaboration on Nuclear Materials
- USA Driving Activity to Increase to All-Time Highs
- EU Electricity Export to Ukraine Up 94 Percent in Two Years
- China Coal Output Falls for First Time since Government Ordered More
- TC Energy to Sell Prince Rupert Gas Pipeline Project to First Nation
- BP Pulse Buys One of Europe's Largest Truck Stops
- UK CCUS Plans Outdated: Think Tank
- I Squared Eyes Full Ownership of Europe Gas Storage Firm
- Norway Regulator Blasts Proposal to Halt New Oil and Gas Permits
- Chinese Mega Company Makes Major Oilfield Discovery
- EIA Drops 2024 Henry Hub Gas Price Forecast
- EIA and Standard Chartered Offer Up Latest Oil Price Predictions
- Red Sea Region Sees Another Watershed Incident
- Chevron Oil Project in Kazakhstan to Cost $48.5B
- OPEC Voices Encouragement after IEA Affirms Support for Oil Security
- Biden Govt Bares Strategy for Freight Charging, Hydrogen Fueling Infra
- Ukraine Hits Third Russian Refinery In Escalating Drone Strikes
- Rystad Looks at the Buzz Around White Hydrogen
- VIDEO: Missile Attack Kills Crew Transiting Gulf of Aden
- Norway Regulator Blasts Proposal to Halt New Oil and Gas Permits
- Chinese Mega Company Makes Major Oilfield Discovery
- What Is the Biggest Risk to Offshore Oil and Gas Personnel in 2024?
- Is Peak Oil Demand Close?
- Vessel Sinks in Red Sea After Missile Strike
- JP Morgan, Standard Chartered Reveal Latest Oil Price Forecasts
- Exxon Rights in Stabroek Do Not Apply to Hess Merger with Chevron: Hess
- Rystad Forecasts Net Production of Top Permian Producers in 2024
- Analysts Reveal Latest Oil Price Outlook Following OPEC+ Cut Extension