Chron Energy Newslinks | 07.30.09| Shell says end isn't near, Cuba reconnects

ConocoPhillips profits crash 76 percent to $1.3 billion as refining loss swamps production gain. Revenue of 50 percent .

• More cuts coming at Shell as it sees the recovery not coming anytime soon. Net income dropped to $3.8 billion from $11.6 billion last year as cuts planned to “add more value.” Less is more.

Kirby Corp. reports net income down.

Oceaneering NI down 8 percent.

NRG Energy reports strong profit thanks to Reliant acquistion.

• Day Two of the CFTC/oil speculator hearings energy traders said they were in search of some exemptions as it appeared more and more likely heavier regulations are coming. But Goldman Sachs warned such moves would disrupt markets.

• An order blocking lease sales in Alaska won’t stop Gulf of Mexico leases , according to a D.C. court ruling.

Comrades again! Russia to help Cuba with oil exploration.

Greenpeace says oil companies are doomed.