Offshore drilling company to cut more jobs

Houston’s Rowan Companies PLC (NYSE: RDC) plans to cut additional jobs on the Rowan Reliance drillship, which had been under contract with Cobalt International Energy Inc. (NYSE: CIE).

In a recent letter to the Texas Workforce Commission, Rowan said it plans to cut another 40 to 50 jobs assigned to the Reliance. The rig, which is managed from 2800 Post Oak Blvd. in Houston, will be idled once work for Cobalt is completed.

Last month, Rowan said it expected to cut 100 to 150 jobs tied to the Reliance…

Offshore drilling company to cut more jobs syndicated post

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