If you thought it cannot be worse, think twice as layoffs keep piling up...
Rowan lines up more US Gulf layoffs
Jack-up work in shallow water drying up as contracts come to an end
Rig owner Rowan expects to lay off dozens more people in Houston after a contract termination for one of its jack-ups in the US Gulf of Mexico.
In a letter sent to the Texas Workforce Commission earlier this month, Rowan said it was anticipating a "mass layoff" of between 60 and 85 people assigned to work on the jack-up Rowan EXL III.
"This layoff is due to termination of the drilling contract by a customer," Rowan said in the letter,