Transocean swings axe in Norway

Transocean Arctic

Transocean, one of the world’s largest offshore drilling contractors, is reportedly planning to cut at least 230 jobs in Norway.

According to Stavanger Aftenblad, a Norwegian news website, Transocean previously axed 575 jobs and this latest round of job cuts was announced last week.

The decision to further trim the company’s headcount was made due to a lack of work. The Norwegian news website also said that the number of workers that will have to go depends on how many contracts the offshore driller manages to secure, but that number includes at least 230 positions.

Offshore Energy Today reached out to Transocean seeking confirmation and further details on the company’s latest round of job cuts. We are yet to receive a reply.

To remind, the offshore drilling contractor said last week the company had been awarded several new contracts for its drilling rigs, and that the newbuild drillship Deepwater Thalassa started operations on its 10-year contract with Shell.

However, in the fleet status report from last week encompassing the period between October 2015 and February 2016, Transocean also said that a number of its drilling rigs had been stacked, including three drillships.

Offshore Energy Today Staff

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