Here’s the top of the business news for the week of July 25-31 from DenverBusinessJournal.com:
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Los Angeles Times : Business : Chevron Corp., the No. 2 U.S. oil company, said that its second-quarter profit fell 71% and that it put its entire land-based natural gas drilling operation on hold, citing dismal demand.
Original post by Miami.com

Financial Post : Oil rose 3.75% on Friday after data showed the U.S. economy shrunk less than expected in the second quarter, raising hopes the recession was easing.
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Marketwatch : News : Oil and gas stocks end Friday in positive territory, getting a big lift from crude’s rally past $69 a barrel, Chevron earnings, and better-than-feared U.S. economic data. All three sector indexes close out July with solid gains, led by the …
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Financial Times : Middle East : Eni of Italy has become the first big oil company to cut its dividend in the downturn, announcing a 23% cut in its interim pay-out to €0.50
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window.document.getElementById(’post-24953′).parentNode.className += ‘ adhesive_post’;Rigzone.com : “Despite pressures worldwide on contractors and service providers to the energy exploration and development markets, Parker Drilling delivered reasonable results for the quarter,” said Robert L. Parker Jr., chairman and chief executive officer.
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window.document.getElementById(’post-24953′).parentNode.className += ‘ adhesive_post’;Rigzone.com : “In the first half of 2009 in an extremely difficult environment we internally generated $43 million of operating cash flow after interest, reduced our domestic workforce by over 50% and strengthened our balance sheet,” said CEO Micki …
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window.document.getElementById(’post-24953′).parentNode.className += ‘ adhesive_post’;Rigzone.com : Noble Corporation has established the record date and payment date for a dividend in the form of a reduction of the par value of the Company’s shares, which was previously approved by the Company’s shareholders.
Original post by Miami.com

window.document.getElementById(’post-24953′).parentNode.className += ‘ adhesive_post’;Rigzone.com : It has been a rocky road for crude oil in the market place this month. With highs above $70 at the start, the energy commodity tumbled mid-month to reach well into the $50s –only to rally again to near $70 at the close of July.
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window.document.getElementById(’post-24953′).parentNode.className += ‘ adhesive_post’;Rigzone.com : PetroLatina has provided an operational update in respect of its Chuira-1 exploration well.
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window.document.getElementById(’post-24953′).parentNode.className += ‘ adhesive_post’;Rigzone.com : Nexus has provided an overview of its quarterly activities, specifically concerning developments for the Longtom gas project in Victora and the Crux liquids project in Western Australia’s Browse Basin.
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window.document.getElementById(’post-24953′).parentNode.className += ‘ adhesive_post’;Rigzone.com : The number of rigs drilling for oil and natural gas in the U.S. rose this week as the brisk decline in U.S. drilling activity showed some signs of stabilizing.
Original post by Miami.com

window.document.getElementById(’post-24953′).parentNode.className += ‘ adhesive_post’;Rigzone.com : Claxton is celebrating a landmark achievement, having completed over 200 structural centraliser projects since 1999. These projects have seen the company design, build and install more than 3000 individual centraliser units.
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window.document.getElementById(’post-24953′).parentNode.className += ‘ adhesive_post’;Rigzone.com : Scheduled to be delivered in May 2010, “Sun Rise,” a 20-year old VLCC, is undergoing conversion to an FPSO in COSCO Dalian Shipyard. After conversion, the completed FPSO will be stationed offshore Brazil.
Original post by Miami.com

window.document.getElementById(’post-24953′).parentNode.className += ‘ adhesive_post’;Rigzone.com : Keppel Singmarine has delivered an Anchor Handling Tug/Supply, Sea Comanche, to GulfMark Offshore and a Multi-purpose Duty Rescue Vessel, LANGEPAS to Lukoil, respectively.
Original post by Miami.com