55°
Baton Rouge, Louisiana
7 Day Forecast

Latest Weather Blog

Follow our weather team on social media

Shell to trim jobs in deep waters of the Gulf of Mexico

4 months 2 weeks 1 day ago July 21, 2016 Jul 21, 2016 Thursday, July 21 2016 July 21, 2016 5:41 PM in News
Source: Associated Press
By: ApNewsNow

NEW ORLEANS - Oil giant Shell says it will be cutting about 190 jobs from its deep-water Gulf of Mexico operations.

Kimberly Windon, a Shell spokeswoman, says the company determined its staffing levels were higher than other operators'. The cuts include both contractors and Shell employees.

The company said Thursday that the cuts are part of 2,200 jobs it's trimming globally. The company says it will transfer Gulf workers to other locations when possible.

Pavel Molchanov, an energy analyst with Raymond James, says companies around the world have been cutting jobs in the past 18 months due to a fall in oil prices.

Shell says the company is streamlining its administrative workload and giving more work to onshore teams.

Shell runs nine offshore facilities in the deep waters of the Gulf.

More News

Desktop News

Click to open Continuous News in a sidebar that updates in real-time.
Radar
7 Days