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.

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


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.
Lee Savage | Feb. 6, 2017
Funny that they just mentioned a day or two ago a $36 million relocation transit to Australia to work with the Atwood Osprey. Not getting stacked at all. Just relocated to use another country's workers.

Related Companies

Our Privacy Pledge

More from this Author
Valerie Jones
Editor, Careers | Rigzone
 -  WEN National Conference 2017 Snapshot:... (Apr 28)
 -  How to Identify an Informal Mentor (Apr 27)
 -  Ask the Careers Editor: Future Career ... (Apr 24)
 -  How to Network Like a Pro during OTC (Apr 21)
 -  Texas Adds Thousands of Oil, Gas Jobs ... (Apr 21)

Most Popular Articles

From the Career Center
Jobs that may interest you
Administrative Assistant
Expertise: Secretarial or Administrative
Location: Watkins, CO
HR Specialist / Change of Management
Expertise: HR - General
Location: Kings Mountain, 
Sr HR Representative - Employee Relations & Compliance
Expertise: HR - General
Location: The Woodlands, TX
search for more jobs

Brent Crude Oil : $51.68/BBL 0.27%
Light Crude Oil : $49.25/BBL 0.74%
Natural Gas : $3.24/MMBtu 3.18%
Updated in last 24 hours