Transocean Ltd. (RIG): Transocean (RIG -2.2%) says it will cut...

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Transocean Ltd. (RIG)

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Tuesday, 02/16/2016 4:19:26 PM

Tuesday, February 16, 2016 4:19:26 PM

Transocean (RIG -2.2%) says it will cut up to 190 Gulf of Mexico jobs this month as it shelves two of its drillships operating in the Gulf, according to layoff notices filed with the Texas Workforce Commission.RIG says 130-140 of the jobs will end as it moors its Discoverer Deep Seas drill ship after it contracts was canceled last week by Murphy Oil (MUR -0.9%); the other jobs will be lost due to the lack of work for its Deepwater Champion drillship.

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