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Once-Booming Petroleum Market Falters Under Economic Uncertainty

Publication Date: 10-DEC-08
Author: Housley Carr
Format: HTML

    
Description:
The pace of oil-and-natural-gas-related engineering and construction work has been nothing short of frenetic over the past several years, with global engineering and construction giants scrambling to find qualified professionals to staff a slew of multibillion-dollar projects. But the combined effects of falling energy prices, a slumping global economy and the lingering credit crisis are raising doubts about whether the world’s largest energy companies will continue to keep their capital investments flowing in 2009 and 2010.
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