UPDATE 3-Hercules Offshore cuts jobs, salaries to rein in costs

jueves 12 de febrero de 2015 14:19 GYT

* Q4 adjusted loss 23 cents/share vs est 32 cents

* Operating and G&A costs below estimates, says Evercore

* Says has cut 30 pct jobs since Oct, cuts salaries

* Shares rise as much as 13 pct (Adds details from conference call, updates shares)

By Shubhankar Chakravorty and Sneha Banerjee

Feb 12 (Reuters) - Rig contractor Hercules Offshore Inc said it slashed its workforce by nearly a third and cut salaries, as the company keeps a tight leash on costs to counter a fall in demand due to a slump in crude oil prices.

Shares of the company, which reported a much smaller-than-expected quarterly loss, rose as much as 13 percent. The rise was also helped by a 4 percent rally in crude oil prices on Thursday.

Oil and gas producers, drillers and services providers such as Cenovus Energy Inc, BG Group Plc, Halliburton Co, Helmerich & Payne Inc have cut jobs in the past few weeks.

Global crude oil prices have more than halved since June, prompting producers to cut back on spending and reduce the number of drilling rigs they will deploy this year. This has forced drillers to idle some of their rigs.   Continuación...