Subsea 7 is not yet elaborating on whether its North American headquarters at the Westgate complex in Houston’s Energy Corridor will be impacted much, but the company did say it has begun consulting with employees in the United Kingdom and Norway where a lot of its operations are run.
For the first quarter of 2015, McDermott posted a loss of $14.5 million, or 6 cents a share, including $10.4 million in restructuring charges, which compared to a larger $46.5 million loss, or 20 cents a share, for the same quarter in 2014.
Shell moved one step closer to resuming its $6 billion quest for crude in the Arctic on Monday, with the Obama administration’s approval of its broad plan for exploratory oil drilling in the Chukchi Sea north of Alaska.
The Bureau of Safety and Environmental Enforcement will hold a workshop on the issue on July 29 in Houston aimed at getting ideas for how to strengthen the safety and environmental management systems required of companies operating offshore.
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