Commentary: Senator Richard Burr

I know that everyone has heard about Senator Burr being placed in the cross-hairs of the FBI for some dubious stock trades that the Senator made right before this whole COVID-19 thing got rolling.  The entire affair will probably end up being back page news.  However, it is a bit unsettling that this is happening…

PPP Loan Checker: ENGlobal

As you know, I have been republishing the financial data for many of the companies operating in the energy sector.  I was surprised to see that all the companies that I researched published a loss for the 1st Qtr of 2020. So, I decided to do the same thing for companies who received PPP loans. …

By The Numbers, 5/13/2020

The EIA published its Weekly Petroleum Status Report.  Here are some highlights.  All items are in millions of barrels per day except inventories, which is billions total.  Dates are defined as week ending averages, except utilization rate which is a four week ending average.  The full report can be found here. Item 5/8/20 5/1/20 Refinery…

Press Release From Offshore Engineer Magazine: U.S. Gov’t Urged to Enable Widespread Covid-19 Testing of Offshore Workforce

Two U.S. associations representing interests of the country's oil and gas workers have called for the U.S. Government to "to recommend and direct the allocation of COVID-19 test kits and quick response testing and analytical equipment to the offshore oil and gas community." The organizations, the National Ocean Industries Association (NOIA) and the Louisiana Mid-Continent…