On May 9, the government of Alberta released a study into the extra carbon emitted by crude produced using oil sands instead of more conventional sources.

The Kuwaiti Fund has approved a soft loan worth US$ 30 million to construct the 30 MW Budhi Ganga hydropower project located in western Nepal.

Also woos Saudi Arabia with new petroleum diplomacy, while trying to soothe a vexed US, in an interesting coordination effort between external and other ministries

India is finally plunging into the oil politics of the Gulf and West Asia. It sent a team of senior officials from the commerce ministry to Iran around a fortnight earlier, to clinch an oil-for-food deal. And, is beginning to woo the Sunni oil kingdoms in the region, led by none other than Saudi Arabia.

Airbus and a group of European airlines issued another warning that the European Commission faces sparking a trade war after extending its emission trading scheme to the global industry.

The hill state of Himachal Pradesh known for its scenic beauty has emerged as one of the popular destination to foreign tourists, mainly form the US, UK, France and Australia with the state recording the arrival of nearly five lakh tourists from these countries last year.

Since foreigners love adventure tourism, the rugged terrain of Himachal Pradesh offer them a large number of such events like mountaineering, mountain biking, paragliding, vintage car rally, skiing and river-rafting, being organised with active support of the government agencies, state’s director tourism Arun Sharma said.

New Delhi India’s largest Iranian oil buyer plans almost to halve daily imports, industry sources said on Monday, becoming the latest Asian refiner to cut supplies from Iran as Western sanctions make trade with Opec’s second-largest producer difficult.

India, China and Japan buy almost half of Iran’s estimated 2.6 million barrels per day of oil exports, but a raft of US and European sanctions aimed at choking off funding for Iran’s nuclear programme are squeezing its oil supply lines.

The government is working on setting up National Water Council (NWC) to launch a coordinated National Water Initiative for federal and provincial governments in areas of flood control, irrigation s

MUMBAI: Oil, which touched $124 a barrel mark on Friday, appears set to touch a new record and breach the $150 mark on mounting Iran crisis.

New Delhi To serve the expected addition in refining capacity and to partly replace any shortfall in crude oil supplies from Iran, India has sought an additional 5 million tonne of crude oil from Saudi Arabia. India has also sought investments from Saudi firms in its new petrochemical and refinery projects.

“We have sought 5 million tonne extra crude oil from Saudi Arabia for 2012-13,” minister of state for petroleum and natural gas R P N Singh said here after holding discussions with the visiting assistant minister for petroleum affairs Abdul Aziz Bin Salman bin Abdulaziz.