StatoilHydro, ONGC To Screen Carbons Jointly

Norwegian state oil company StatoilHydro and India's Oil and Natural Gas Corp have agreed to jointly explore carbon at several projects in India, said StatoilHydro in a statement.

Cooperation could result in projects to reduce carbon dioxide (CO2) emissions and to promote energy efficiency and growing use of renewable energy under the mechanisms of the Kyoto Protocol, the Norwegian oil and gas company said.