Pasadena, CA — 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.
''Many oil and gas companies are slashing their budgets for exploration and oil production by as much as 50% to brace themselves for worsening conditions this year,'' says Harrison Barnes, the CEO of OilandGasCrossing. ''Several analysts predict the oil prices to shoot higher than $150 later this year when consumption of fuel will increase drastically and lower supply would lead to exceedingly high prices.''
According to several analysts, the oil and gas industry has avoided drastic job cuts until now, though nowadays signs of layoffs are ominous. Even the most profit-making energy company ExxonMobil had relatively weak earnings near the end of the year. Oil service company Schlumberger announced 5,000 job cuts worldwide recently, with more cuts expected to follow. ConocoPhillips has also planned to shed 1,300 jobs, while oil services company Halliburton has decided reduce its workforce to reasonable levels. Another oil services company Allis Chalmers Energy Inc., recently announced that it is eliminating 235 jobs in the US, and introducing some minor employee benefits, as part of its cost-cutting measures.
Meanwhile, major plans are being carried out to introduce renewable energy within three years, to reduce dependency on oil as a source of fuel for many operations. Green jobs are expected to replace those in the oil and gas industry, as alternative solutions for energy are worked upon with great urgency.
Meanwhile, the newly-launched OilandGasCrossing is committed to finding new sources of oil and gas jobs daily.
OilandGasCrossing charges job seekers $29.95 to access the hundreds of oil and gas jobs on its site. However, it is currently offering a free, seven-day trial to allow users to familiarize themselves with the service. The free trial is available to everyone on the site’s registration page for a limited time. For more information about OilandGasCrossing, please visit www.oilandgascrossing.com
About OilandGasCrossing
OilandGasCrossing is an affiliate of EmploymentCrossing, a powerful and comprehensive organization dedicated to helping professionals find jobs that will enhance their careers. OilandGasCrossing consolidates every oil and gas job opening it can find in one convenient location.
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See Every Oil and Gas Job We Can Find on the Internet!
Unlike other sites, OilandGasCrossing works for you and does not charge employers to post jobs and actually goes out and researches jobs for you. The jobs you see are the jobs we find for you and not the ones employers are paying us to post.
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Top jobs are scattered on the websites of tens of thousands of companies, organizations and other job boards. This presents a difficult theoretical challenge that we help you overcome: By researching, structuring and logically ordering this tremendous variety of jobs in one place, we give you the ability to be resourceful and independently analyze your career options an efficient way.
See all the jobs in your profession structured and efficiently organized in one place. Your brilliance, insight and intuition will all pay off when you see the "big picture":
OIL AND GAS jobs from every job board we can find.
OIL AND GAS jobs from every newspaper classified ad we can find.
OIL AND GAS jobs from every specialized publication we can find.
OIL AND GAS jobs from every federal, state and local oil and gas career page we can find.
OIL AND GAS jobs from every public interest, nonprofit and other career page we can find.
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OilandGasCrossing - #1 Job Aggregation and Private Job-Opening Research Service — The Most Quality Jobs Anywhere
OilandGasCrossing is the first job consolidation service in the employment industry to seek to include every job that exists and not charge employers to post jobs on its site.
OilandGasCrossing uses sophisticated technology and manual work to comb employer websites and other job boards for jobs and bring them all to its site.
