Hornbeck offshore layoffs

Hornbeck Offshore Services Inc. A Different Perspective. Following its merger with Tidewater Inc. Initially, the benefits were very good but have been steadily declining over the past several years for one reason or another.

An executive with over years of experience in the offshore supply vessel business worldwide, Mr. NASDAQ-listed publicly traded offshore service vessel company with over 1state-of-the-art offshore supply vessels operating worldwide. Update to Credit Analysis – Absence of offshore recovery elevates restructuring risk. Apply to Primer Oficial De Máquinas, Timonel (ab), Seaman and more! The offshore industry, which was enjoying a renaissance before the oil bust, is now plagued by layoffs and company bankruptcies.

Coronavirus lockdown and layoffs decimating earnings of freelance workers. HOS) NYSE - Nasdaq Real-time price. At close: 4:02PM EST. Gulf of Mexico and in select international markets. The focus of our OSV business is on complex exploration and production activities, which include deepwater, deep well and other logistically demanding projects.

The position accounts for 0. About of workforce face layoffs , furloughs, or reductions in hours and pay. Navy, helping boost profits in the first quarter even as low oil prices put pressure on revenues. Together, the contracts are worth $1million.

Bankruptcy Court in Houston. Pros Hands on owner. In a bid to stave off layoffs , companies like Tidewater, Inc. To keep crew and boats working, the company also looks for spot opportunities and where possible, moves assets into other geographic sectors if that’s where the work is. With crude oil prices consistently over $1a barrel and shipyards launching new support vessels.

Layoffs have even been reported. News, personal experiences, rumors and speculations about layoffs at your company. Perfect storm of low oil prices and COVIDdrive layoffs totalling of workforce in the North Sea.

HOS has launched a solicitation of votes from its lenders and unsecured noteholders in support of a plan that will give it access to a $million debtor-in-possession term loan. The debtor listed an address of 1Northpark Blvd. Howard Woodcock, Chief Executive of Bibby Offshore said “Combining Bibby Offshore ’s traditional diving and North Sea strengths with the SURF, international and engineering talents of Cecon creates an operationally and financially strong business capable of delivering even greater value to clients. This merger is a very exciting opportunity for us and represents a genuine win-win situation. The company confirmed its has started layoffs at its Covington office,.

Houston oilfield service giant Halliburton has laid off 6employees in four western states from New Mexico to North Dakota. In a notice filed on Monday with the Colorado Department of Labor and. New Orleans to delay enforcement of a judge’s June order lifting a six-month moratorium on deep-water drilling imposed after the BP Plc oil spill in.