Grand Isle troubled by oil and gas company’s layoffs, Fox 8 reports

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An oil and gas company active in the Gulf of Mexico is laying off workers, and that has Grand Isle worried, WVUE Fox 8 reports. Energy XXI, a Bermuda corporation with a subsidiary, Energy XXI Gulf Coast Inc., in Houston, owns a heliport in Grand Isle and describes itself as “one of the largest operators on the Gulf of Mexico … shelf.”

Fox 8 didn’t say how many local workers lost their jobs. But Mayor David Camardelle told the station: “Today’s a bad day. They laid off a bunch of local people, and the timing is bad coming before Christmas.”

The company emerged from an eight-month bankruptcy in December, and, in June, it said it had cut 18 percent of its workforce, according to the Houston Chronicle. It counted 237 employees at the end of 2016…

 

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