Transocean plans for more layoffs as another rig is idled

Transocean Ltd. (NYSE: RIG) plans to lay off 70–80 employees working on the Discoverer Americas drilling rig in the Gulf of Mexico, according to Houston Business Journal, citing documents filed with the Texas Workforce Commission. The rig has been idled because of the effects of current market conditions.

In February, Houston Business Journal reported that Transocean planned to eliminate up to 190 jobs due to the stacking of two deepwater drilling rigs in the Gulf of Mexico – the Discoverer Deep Seas and the Deepwater Champion. The rigs are two of Transocean’s 28 ultra-deepwater rigs.

In recent months, Transocean has had rig contracts canceled due to the oil price collapse, including contracts with Royal Dutch Shell and Statoil.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...

Shell Leverages Data to Transform from Reactive to Predictive Operations

This 6-page report describes how Shell engaged in a massive project with OSIsoft to transform the...

Selection, Use, Care and Maintenance of FR Clothing

For industries operating in an inherently dangerous environment, the importance of selecting the ...

Evolution or Revolution: IT / OT convergence means a world of possibilities

The oil and gas industry is experiencing a rapid paradigm shift in regards to digital transformat...