Rocksource, engaged in oil and gas exploration and production, has announced that it is in advanced stages of negotiations to complete a farm-in agreement with the Oil and Natural Gas Corporation for a 10% equity stake in the exploration block CY DWN 2001/1, on the Indian Shelf.

Suzlon Energy, an integrated wind power company, has completed its 51MW wind power project in Gujarat for the Oil and Natural Gas Corporation of India.

Indian state-owned exploration and production company Oil and Natural Gas Corporation has agreed to acquire UK-based Imperial Energy for $2.6 billion in an all-cash deal, to increase and diversify energy resources for the growing Indian economy, according to the Associated Press.

NEW DELHI: The Great Game doesn't get any more exciting. A British company explores for oil in western Siberia. A Chinese giant is interested in acquiring it. But an Indian company, which has lost several key deals in the recent past, goes all out and manages to clinch the deal.

By Sanjay Dutta MADRID: Despite India's sustained courtship of Myanmar with financial aid, soft loans and arms, the ruling military junta refuses to show any reciprocity and prefers to tango with China when it comes to matters concerning oil or gas.