U.S. oil refiners could cut output by as much as 25 percent and the nation's reliance on imported refined products could double in the next two decades if the House version of a climate bill becomes law, the American Petroleum Institute said on Monday.

Ailing U.S. oil refiners could face a crippling period of contraction under a House-approved climate change bill, making the country more dependent on imported refined products.

A refinery on Curacao operated by Venezuela's state oil company is damaging people's health and must cut emissions or face multi-million dollar fines, a court on the Caribbean island ruled on Thursday.

Industry refuses to invest in carbon capture and storage (CCS) projects without strong state support because of a lack of clarity on future emissions rules, Norway's StatoilHydro said on Friday.

U.S. lawmakers pushing to include greater recognition for existing nuclear power in a national renewable energy standard failed to win new breaks for the industry when a U.S. congressional panel on Wednesday voted down an amendment to a controversial climate change bill.

Oil refiners would be given 2 percent of greenhouse gas emission permits under a proposed climate change bill that Democrats in the US House of Representatives are writing, according to a document describing that legislation.

Projects to capture industrial emissions and store them in the earth's crust could cut CO2 pollution by up to 40 percent, according to officials from oil major Shell.

Carbon capture and storage (CCS) -- gathering CO2 emissions at their source and pumping them underground -- faces steep cost hurdles, but may someday be worth hundreds of billions of dollars a year, a Shell executive said.

Bangladesh has sought assistance of the United Arab Emirates (UAE) to set up another crude oil refinery and the UAE has responded positively in this regard.

State Minister for Foreign Affairs Dr Hasan Mahmud sought the assistance when UAE Ambassador in Dhaka Khalfan Battal Ali Al Monsouri met him at the foreign ministry yesterday, says a press release.

NEW DELHI: Reliance Industries Limited (RIL) is all set to begin test run of its new oil refinery at Jamnagar in Gujarat that would help boost supply of oil products.