I m working with OIL company IN India.
I would like to know are there any specialised programs for OIL AND GAS Business.I am loking forward for the specialisation in IT SKILLS in OIL Industry.

Can Somebody elaborate on the same

Try these:
http://www.find-mba.com/university/77/university-of-dundee-centre-for-enterprise-management
http://www.find-mba.com/university/1484/university-of-alberta-school-of-business
http://www.find-mba.com/university/1485/university-of-calgary-haskayne-school-of-business
http://www.find-mba.com/university/307/university-of-texas-at-austin-mccombs-school-of-business (http://mba.mccombs.utexas.edu/students/academics/special/specfief.asp)
There may be more, esp. in the US

BTW Thunderbird has a very focused non-degree program for Gas and Oil managers: http://www.thunderbird.edu/prospective_students/mgmt_nondegree/amp_oil_gas/index.htm

"Most participants are senior-level managers who have 10 or more years of experience in management roles, have spent the majority of their careers in the energy industry, and currently manage a business unit, division or subsidiary. Participants are drawn from both domestic and international firms; national, private, and public companies; and a variety of functional areas. Reflecting the global nature of this industry, participation by non-U.S. managers is about 50% of any given program. This diversity adds a valuable dimension to the program."

Not sure whether that is right for you...

Here's a good article about Energy MBA programs: http://www.find-mba.com/article/314/can-an-mba-spark-a-career-in-the-energy-industry