Reduction

Natural gas futures traders experienced a bit of deja vu as the April contract followed Tuesday’s 4.4-cent decline with another 4.4-cent reduction for Wednesday, leaving the prompt-month contract to close at $4.303.

ConocoPhillips has agreed to install pollution control equipment and implement other emission-reduction practices to reduce harmful emissions and conserve natural gas at its Argenta and Sunnyside compressor stations on the Southern Ute Indian Reservation in the San Juan Basin near Ignacio, CO, the Environmental Protection Agency (EPA) said. Under a settlement agreement with EPA, ConocoPhillips agreed to pay $175,000 in civil penalties. According to a complaint filed with the settlement, the producer allegedly violated provisions of its air emissions permit under Title V of the Clean Air Act. EPA said ConocoPhillips had cooperated in resolving the violations.

ConocoPhillips has agreed to install pollution control equipment and implement other emission-reduction practices to reduce harmful emissions and conserve natural gas at its Argenta and Sunnyside compressor stations on the Southern Ute Indian Reservation in the San Juan Basin near Ignacio, CO, the Environmental Protection Agency (EPA) said. Under a settlement agreement with EPA, ConocoPhillips agreed to pay $175,000 in civil penalties. According to a complaint filed with the settlement, the producer allegedly violated provisions of its air emissions permit under Title V of the Clean Air Act. EPA said ConocoPhillips had cooperated in resolving the violations.

ConocoPhillips bounced back from year-ago losses on stronger oil prices and better-than-expected results from its cost reduction plans, the Houston-based producer said last week.

Integrys Energy Group Inc. has wrapped up its risk-reduction program for subsidiary Integrys Energy Services Inc. The company said Wednesday it expects to have divested “a substantial portion of its nonregulated business” by early in the second quarter.

Even if major polluters China and India refuse to accept carbon emission-reduction targets, unilateral efforts by the United States to cut emissions would make a significant difference in global warming, said Obama administration officials Tuesday.

U.S. lawmakers “vastly overstate” how quickly business can reduce carbon emissions, and they could risk an economic collapse if unrealistic reduction mandates are imposed, Chevron Corp. CEO Dave O’Reilly said Thursday in Boston.

U.S. lawmakers “vastly overstate” how quickly business can reduce carbon emissions, and they could risk an economic collapse if unrealistic reduction mandates are imposed, Chevron Corp. CEO Dave O’Reilly said Thursday in Boston.

Last year’s global natural gas and oil transactions hit a record, but the late-year financial crisis and falling economic conditions resulted in a considerable reduction in the total value of transactions by year’s end, PricewaterhouseCoopers LLP (PwC) reported last week.