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Blog posts for Oil & Gas Industry

History of the Petroleum Industry in Canda

Posted on February 01, 2014 in Oil & Gas Industry

Although the petroleum industry in Canada evolved simultaneously with the production throughout North America, the development of the industry makes Canada perfectly unique. Beginning in 1851 with Charles Nelson Tripp, the first Canadian to gather...

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How Factoring Companies help Canadian Oilfeild Service Companies

Posted on February 01, 2014 in Oil & Gas Industry

Are you tired of your invoices being ignored by the oil drilling and refining companies you service and need cash fast? Buying your invoices and giving you cash today is the essence behind oilfield and gas factoring. This system has been used for...

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Top Oilfield Service Industries in Canadian Regions

Posted on January 13, 2014 in Oil & Gas Industry

Canada is responsible for six per cent of the world's energy supply, and it ranks as one of the top ten world oil suppliers. Both crude oil and crude bitumen are extracted, refined, and exported by Canada. Since the first oil well was dug in 1858,...

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How The Canadian Petroleum Industry utilizes Receivable Finance Instead of Banks

Posted on January 13, 2014 in Oil & Gas Industry

An alternative source of financing that is widely utilized in Canada’s petroleum industry is Receivables Financing. This alternative to bank loans is also known as A/R financing, accounts receivable financing or factor financing. Factor financing...

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