Bloomberg India’s biggest oil and gas producer will pay as much as $1.2 billion to buy a majority stake in a gas field off the country’s east coast, aiming to boost production as the country seeks to cut energy imports. State-owned Oil and Natural Gas Corp. Ltd.’s board approved the purchase of an 80 percent stake in Gujarat State …

  Bloomberg Turkey’s Energy Ministry met major power producers to ask them to voluntarily lower electricity market rates or face price caps, according to two people with knowledge of the matter. The meeting came after electricity for immediate delivery in the so-called spot market soared to a record on Wednesday as a natural gas shortage coincided with unusually cold weather, …

  Bloomberg Billionaire Kjell Inge Rokke’s Aker BP Plc and two private equity-backed companies are in talks to buy stakes in oil fields off Norway from Exxon Mobil Corp. that are valued at about $1 billion, according to people with knowledge of the matter. Aker BP, HitecVision AS and Neptune Oil & Gas Ltd. are bidding for the assets and …