(Simon Dawson/Bloomberg)

Transocean could take only a week to shelve out-of-work rigs, execs say

on
Transocean reported a loss in the fourth quarter as it took a $992 million goodwill impairment charge on the sinking value of its drilling business and other charges, it said late Wednesday.
At Maersk Training's simulation training complex in Denmark, operators work in a so-called dome simulator designed for drilling operations, which virtually resembles the drill floor of an offshore drilling rig. This allows the drill crew to train in a safe environment.  (Maersk)

BP, Maersk team up to train rig crews in Houston simulators

on
BP is announcing Thursday that it has a five-year contract for its offshore rig crews to get practice with drilling equipment in virtual-reality environments at Maersk Training’s new facility in Houston, which will feature high-tech simulators for offshore rig tasks, the companies said Thursday.
Categories: Offshore, Workforce
Tags: |
The J. W. McLean offshore drill rig, operated by Transocean Ltd., stands anchored in the Cromarty Firth beyond the prow of the offshore pipelay vessel Deep Energy, operated by Technip SA, in Invergorgon, U.K., on Wednesday, Aug. 6, 2014. (Photographer: Simon Dawson/Bloomberg)

Technip, Aker Solutions to cut 2,100 more oil jobs

on
Executives at Paris-based oil equipment maker Technip told investors in a conference call the firm has cut 1,800 jobs in recent months, about 15 percent of which were contracted.
Helix Well Containment Group equipment was deployed in a drill at a Noble Energy test well in May, with federal regulators and industry representatives looking on. (Photo: Noble Energy)

Helix CEO: Producers canceling offshore contracts despite termination fees

on
The Houston offshore service firm probably won’t make deep cuts to its workforce of 1,600 to cope with the downturn in oil prices, its CEO said, but he acknowledged there “may be some opportunity.”
Photo:  blog.lafitness.com

Think all Millenials are entitled? Meet these two

on
You know the story: “kids these days, they are SOOOO lazy. All they want to do is tweet and overshare; if they’d actually do some real work they’d get somewhere and they could stop complaining about how the world is so cruel to them!”.
The Helix Q4000 was deployed in September 2010 in the Gulf of Mexico during the BP oil spill. (AP file photo/Patrick Semansky)

Helix earnings down 78 percent

on
Offshore services company Helix Energy Solutions Group’s earnings fell 78 percent in the fourth quarter, the company reported Monday, largely the result of more of its vessels sitting unused.
Steven L. Newman, president and chief executiver officer of Transocean Ltd., testifies on Capitol Hill about the oil leak in the Gulf of Mexico in Washington, D.C., U.S., on Thursday, May 27, 2010. (Photographer: Brendan Hoffman/Bloomberg News)

Transocean CEO steps down

on
The CEO of offshore driller Transocean has stepped down effective Monday under a “mutually agreed” decision between him and the board.
Waves from the Chukchi Sea lap the coast of Barrow, Alaska, the northernmost city in the United States. (Photo: Jennifer A. Dlouhy / The Houston Chronicle)

Feds release new Arctic drilling analysis

on
The move by the Interior Department’s Bureau of Ocean Energy Management responds to a federal court ruling against the environmental analysis underpinning that seven-year-old sale, and leaves open the possibility that Shell Oil Co. will resume drilling in the Chukchi Sea this summer.
oil tanker that spilled 450,000 gallons into intracoastal waterway in January 2010 (AP Photo/Pat Sullivan)

Death toll of Brazilian oil ship explosion rises to 5

on
According to the Unified Oil Workers Federation, Brazil’s biggest oil industry union, the blast was caused by a gas leak in the vessel’s engine room.
A group of idle rigs is seen behind James Noe, Senior Vice President, General Counsel and Chief Compliance Officer for Hercules Offshore while aboard the Hercules 251 a shallow water drilling rig owned by on Wednesday, Aug. 11, 2010, near Port Fourchon, La. (Smiley N. Pool /Chronicle)

Hercules Offshore lays off 30 percent of workforce

on
Offshore driller Hercules Offshore has laid off 30 percent of its workforce since October, company officials said on a conference call with analysts Thursday.