Report: More lay-offs with Transocean’s latest cancellation

Offshore staff

ZUG, Switzerland – After receiving several contract cancellations, Transocean said it will reduce its Gulf of Mexico headcount by about 190, according to FuelFix, which cited layoff notices filed with the Texas Workforce Commission.

According to the report, the company said it will terminate 40 to 50 jobs on its Deepwater Champion drillship and 130 to 140 jobs on its Discoverer Deep Seas.

Days ago, Transocean announced that Murphy Exploration & Production Co. terminated the contract for the Discoverer Deep Seas, originally due to end in November 2016.

In late January, VAALCO said it had begun to demobilize the GSF Constellation II, previously working offshore Gabon in the Etame Marin block.

In December 2015, Shell canceled the contract for the harsh environment semisubmersible Polar Pioneer.

WTI closed under $30/bbl again today, as the industry continues to respond to the low oil price environment. Multiple companies have announced headcount reductions during their recent quarterly reports.


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