NEW DELHI: Union Petroleum and Natural Gas Minister Murli Deora on Monday informed the Rajya Sabha that State-run Oil and Natural Gas Corporation (ONGC) would invest about $730 million in Cairn India

June 29: The Krishna-Godavari basin has been a potential zone for extraction of oil and gas for a long time. The ONGC started exploration for oil and gas in the KG Basin in April 1977, and drilled its first well near Narasapuram in 1978, and discovered gas.

June 29: The AP High Court on Monday directed the ministry of environment and forests (MoEF) to find out whether there is any possibility of land subsidence due to exploration of natural gas in the Krishna-Godavari basin.

June 29: The issue of land subsidence due to the over-exploitation of oil and gas, in both onshore and offshore projects, has become a contentious issue in the Krishna-Godavari basin. While environmentalists have raised concerns over land subsidence, geologists discount any such possibility.

AHMEDABAD: Oil & Natural Gas Corporation (ONGC), the country's largest oil producer, has struck oil and gas at three places in Gujarat. The new discoveries are at Nadiad and Matar in Kheda district and Charada in Mehsana district.

Arctic nations are promising to avoid new "Cold War" scrambles linked to climate change, but military activity is stirring in a polar region where a thaw may allow oil and gas exploration or new shipping routes.

Canada's oil sands emit more carbon dioxide than average crude so developers need a clearer picture of where greenhouse gas regulations are headed to find the best way to tap the giant resource, experts said.

Interior Secretary Ken Salazar has upheld a Bush administration finding that the Endangered Species Act is not a suitable tool for restricting carbon dioxide and other greenhouse gases threatening the polar bear and its habitat. We agree, with this codicil: There are steps Mr. Salazar can and must take under the act

Tromso (Norway), May 3: Russia is planning to build a fleet of floating and submersible nuclear power stations to exploit Arctic oil and gas reserves.

This is causing widespread alarm among environmentalists, reports the Guardian.