Letters of Credit are common in the oil business. Both producers and buyers regularly have to post Letters of Credit (LOC) to guarantee obligations. These letters are often costly and tie up resources that prevent the business from using those assets elsewhere. A viable alternative may be a surety backed…
Josh Carson is Vice President and Partner at Axcess Surety Bonds. For 20 years, Carson has helped energy companies, contractors, and related businesses with surety bonds, finance, and business management. Carson holds an Associate in Fidelity and Surety Bonding and a degree in Finance.
Oil and gas operations are commonly found in remote locations far from company headquarters. Now, it's possible to monitor pump operations, collate and analyze seismic data, and track employees around the world from almost anywhere. Whether employees are in the office or in the field, the internet and related applications enable a greater multidirectional flow of information – and control – than ever before.