Gyongju, South Korea - More than 1,000 experts, business leaders and scholars from 20 nations gathered Thursday in an eastern South Korean city to draw up strategies on how to accelerate the development of ecologically friendly energy sources.
The three-day World Global Energy Forum opened amid growing concerns about climate change and the threat it poses to people, especially those living at or near sea level.
India's RK Pachauri, chairman of the UN's Nobel Peace Prize-winning climate-change panel, warned that global warming would raise average sea levels.
Dhaka - Military-ruled Myanmar on Wednesday informed Bangladesh that it did not have enough reserve of natural gas to offer Bangladesh to run fertilizer plants at present.
In response to Dhaka's proposal for gas import from Yangon, visiting Myanmar Energy Minister, Lun Thi, told his counterpart M Tamim that Bangladesh will have to compete with other regional players like Thailand and China if it wants gas import in future.
The Oil & Natural Gas Corporation (ONGC) celebrated its golden jubilee for its very first breakthrough in the field of oil 50 years back in Lunej, Cambay Basin off the Gulf of Cambay, Gujarat. Alongside the event another proposed plan of the firm was disclosed as the company readies itself for exploration in Uranium.
Vienna - The price for crude oil produced by the Organization of the Petroleum Exporting Countries (OPEC) fell by 2.91 dollars last Friday, as global oil prices were pushed down by the financial crisis, the Vienna-based cartel reported on Monday.
One barrel (159 litres) of OPEC crude stood at 86.37 dollars Friday, compared with 89.28 dollars on the previous day.