Believed to be the largest greenfield job in Latin America as well as the biggest private-sector investment in Mexico, the $5.2-billion Etileno XXI petrochemical complex was designed to produce more than 1 million tons per year of polyethylene resins to boost Mexico’s global trade balance and its tax revenue from thermoplastics.
Enbridge Energy Partners LLP has agreed to replace close to 300 miles of one of its pipelines and pay for any remaining cleanup stemming from two oil spills in 2010, including one of the worst inland spills in U.S. history, U.S. Environmental Protection Agency officials say.
Major oil-and-gas companies are dispatching battalions of scientists, engineers and marketers to squeeze profits from the tightest project margins, often against fierce competition.
Two Interior Dept. bureaus have concluded that oil and gas well-stimulation techniques, including hydraulic fracturing, off the coast of California do not pose a significant environmental risk.
Fort McMurray, Alberta, the center of Canadian oil-sands crude production, was evacuated on May 5, when a wildfire swept through the city’s outlying forests and through the streets, destroying more than 2,400 structures.
The National Aeronautics and Space
Administration will help the Bureau of Safety and Environmental Enforcement to analyze and reduce risks for offshore oil-and-gas operations under a memorandum of understanding signed on March 17.
The Obama administration wants to cut methane emissions from energy production on federally owned lands by requiring oil and natural-gas companies to limit flaring at wells and take steps to reduce leaks.