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Midland sees 26% population growth over last decade

3 days ago DieselGasoil Comments Off on Midland sees 26% population growth over last decade
By Shelly Hagan on 4/19/2019 Midland, Texas. Photo: VisitMidland.com NEW YORK (Bloomberg) — Texas oil centers Midland and Odessa were among the fastest growing U.S. metros in 2018, according to newly released Census data for the 12-month period ending July 1, 2018. Both cities benefited from more people moving in than out. Midland had the Read More

Midland sees 26% popluation growth over last decade

4 days ago DieselGasoil Comments Off on Midland sees 26% popluation growth over last decade
By Shelly Hagan on 4/19/2019 Midland, Texas. Photo: VisitMidland.com NEW YORK (Bloomberg) — Texas oil centers Midland and Odessa were among the fastest growing U.S. metros in 2018, according to newly released Census data for the 12-month period ending July 1, 2018. Both cities benefited from more people moving in than out. Midland had the Read More

China’s newest oil hotspot is in America’s backyard

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China is ramping up its oil drilling initiative in Cuban waters, using cutting-edge technology to reach deposits that Cubans couldn’t touch. Chinese state-run news agency Xinhua said on Tuesday that an affiliate of Chinese oil major CNPC, Great Wall Drilling, was drilling for oil off Cuba’s coast as part of a joint venture with state-owned oil firm Read More

Gazprom Neft develops the Yamalo-Nenets Autonomous Okrug

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4/17/2019 Photo: The Yamalo-Nenets Autonomous Okrug. MOSCOW — Gazprom Neft subsidiary Gazpromneft-Zapolyarye has concluded long-term risk-based operator agreements with Gazprom PJSC subsidiaries, allowing the company to start developing Achimov strata at the Yamburgskoye oil and gas condensate field as well as oil-rim deposits at its parent company’s Pestsovoye and En-Yakhinskoye fields. The Yamalo-Nenets Autonomous Okrug Read More

Bank of America warns of slowing growth of net interest

6 days ago DieselGasoil Comments Off on Bank of America warns of slowing growth of net interest
(Reuters) – Bank of America Corp forecast that net interest income would rise half as fast this year after reporting first-quarter revenue on Tuesday that fell short of expectations. FILE PHOTO: A Bank of America logo is pictured in the Manhattan borough of New York City, New York, U.S., January 30, 2019. REUTERS/Carlo Allegri The Read More

Bank of America revenue misses forecasts, shares fall

6 days ago DieselGasoil Comments Off on Bank of America revenue misses forecasts, shares fall
(Reuters) – Bank of America Corp on Tuesday reported first-quarter revenue that fell short of expectations and predicted that net interest income would rise half as fast this year, sending its shares down. FILE PHOTO: A Bank of America logo is pictured in the Manhattan borough of New York City, New York, U.S., January 30, Read More

Goldman offers fresh details on overhaul progress as revenue slides

1 week ago DieselGasoil Comments Off on Goldman offers fresh details on overhaul progress as revenue slides
(Reuters) – Goldman Sachs Group Inc offered new tidbits about its sweeping operational overhaul when reporting first-quarter results on Monday, but investors focused on revenue declines across nearly all its main businesses, sending shares lower. FILE PHOTO: The ticker symbol and logo for Goldman Sachs is displayed on a screen on the floor at the Read More

Citigroup profit beats on investment banking boost

1 week ago DieselGasoil Comments Off on Citigroup profit beats on investment banking boost
(Reuters) – Citigroup Inc reported a better-than-expected quarterly profit on Monday, boosted by a surge in investment banking revenue and lower expenses. FILE PHOTO: The Citigroup Inc (Citi) logo is seen at the SIBOS banking and financial conference in Toronto, Ontario, Canada, Oct. 19, 2017. REUTERS/Chris Helgren/File Photo Investment banking revenue rose 20 percent to Read More

Chevron gets treasure, trouble with rebel-hit Mozambique gas

1 week ago DieselGasoil Comments Off on Chevron gets treasure, trouble with rebel-hit Mozambique gas
By Paul Burkhardt and Matthew Hill on 4/14/2019 Photo: Anadarko in Mozambique. JOHANNESBURG and MAPUTO (Bloomberg) — “With great power comes great responsibility,” said Uncle Ben in the famous Marvel Comic turned blockbuster film Spider-Man (2002). Chevron Corp.’s acquisition of Anadarko Petroleum Corp. gives it access to the popular Permian Basin, in addition to one Read More