BG group of the UK is keen on picking 25-30% stake in state-run Oil and Natural Gas Corp's (ONGC) Krishna Godavari and Mahanadi basin deepsea oil and gas exploration blocks off the east coast. BG has expressed interest to take 30% interest in KG basin Block KG-DWN-98/4, which ONGC had won in the first round of auction under New Exploration Licensing Policy (NELP) and 25% in Mahanadi basin Block MN-DWN-2002/2 that the state-run firm had won in NELP-IV. "We have approached the government for approval of the farm-in,' a company official said.

Nicaraguan President Daniel Ortega has called on his cabinet to devise a plan for nationalizing oil imports. The move follows a series of clashes between the government and Exxon Mobil subsidiary

www.energystar.gov/homeadvisor This site will come in handy for US consumers facing higher heating costs, this winter. Devised by the country's Environmental Protection Agency (EPA), it gives

The European Commission on October 15 approved a one-year extension of anti-dumping duties on imports of energy-saving light bulbs from China, despite protests from environmentalists, leading bulb

compact fluorescent lamps (cfls) may become cheaper in India. The Union ministry of power is contemplating a scheme to popularise cfls. Called

Conventional thinking has it that combating climate change will be a drain on the global economy. But Barclays Capital, a leading investment bank in the us, has recently said that combating