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Blog posts for Oil & Gas Industry

Financing Options for Oil Supply Chain

Posted on October 02, 2013 in Oil & Gas Industry

Supply chains for the oil and gas industry has been through some difficult times in recent years. Some industry experts predict that the storm is not quite over for companies struggling to navigate the turbulence. However, there are solutions that...

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Oil Transport Services Flowing with Accounts Receivable Financing

Posted on September 23, 2013 in Oil & Gas Industry

As one of the oilfield service companies worldwide, you are keenly aware that these services are the heavy lifting of the oil and gas industry. With demand for energy continuing to grow for developing nations, more companies may enter the industry...

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Workplace Safety Issues in the Oil and Gas Industry

Posted on September 04, 2013 in Oil & Gas Industry

Hundreds of thousands of people are employed by the oil and gas industry. According to the Quarterly Census of Employment and Wages published by the U.S. Bureau of Labor Statistics, more than 450,000 people were employed in extraction and support...

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Exploring Opportunities in the Oil Business with Accounts Receivable Financing

Posted on September 04, 2013 in Oil & Gas Industry

Fracking is a process for extracting oil from layers of shale by injecting high-pressure water between those layers to fracture the rocks and free the oil. The potential environmental impact of this extraction procedure has been the subject of a...

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Outlook for the Oil and Gas Industry

Posted on September 03, 2013 in Oil & Gas Industry

Generally speaking, there are many ways to view the oil and gas industry. Each area has a direct impact on the industry's present and future outlook. For consumers, oil and gas provides more than half of the necessary energy to meet daily needs.
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Factoring Services for Oil Field Service Providers

Posted on August 09, 2013 in Oil & Gas Industry

At 1st Commercial Credit, we understand the unique challenges that oil field service providers face when it comes to cash flow. Like many businesses, your company must extend credit to customers on a Net 30 or Net 60 basis. While that is helpful...

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Receivable Financing for Oil Drilling Companies

Posted on August 02, 2013 in Oil & Gas Industry

Drilling for oil is a complex process that requires numerous pieces of expensive machinery. In order to purchase new equipment and maintain what your company already has, you need a constant supply of cash flow. This is a frustrating catch-22 for...

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Keeping Positive Cash Flow in the Oil Service Industry

Posted on August 01, 2013 in Oil & Gas Industry

Cash flow is a problem for many types of businesses, but it can be especially problematic for the oil services industry. Most oilfield service providers offer customers up to 60 days to pay outstanding invoices. The long collection process for...

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Factoring Receivables in the Horizontal Drilling Industry

Posted on July 31, 2013 in Oil & Gas Industry

Factoring Receivables in the Horizontal Drilling Industry Horizontal drilling is one of the most exciting discoveries in the oil industry in recent years. It allows oil drillers to maximize returns from each oil well because the tools used are so...

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