Oil Companies Brace Up for Difficult Times Ahead; OilandGasCrossing, an Exclusive Job Board for Oil and Gas Professionals, Launched (2009-02-09)
Oil prices slumped by $1 and hovered around $40, due to dismal reports of unprecedented job cuts in January. Most oil companies wrapped up miserable quarter earnings due to a virtual freefall in oil prices, which sank more than 70% since oil hit the $150-a-barrel-mark last year. Some of them have even resorted to layoffs in the oil and gas industry to safeguard themselves from the deteriorating recession. EmploymentCrossing, the leading job board, is aware of the job market situation and has launched a new job board exclusively for oil and gas professionals. OilandGasCrossing aims to consolidate and post all oil and gas jobs from every job source in the US and bring them all under one roof.
