TransGlobe Energy Corporation announce it has completed the acquisition of an additional 25 percent in certain leases on its West Gharib (Arab Republic of Egypt) properties from its partner, a private company registered in Cyprus, for consideration of US$18.0 million adjusted to June 1, 2008. This acquisition brings TransGlobe’s holdings to a 100 percent working [...]

SBM Offshore N.V. is pleased to announce the following contract awards:
1. BP Angola FPSO
A call off frame contract has been obtained from BP Angola in support of a development programme offshore Angola. The initial contract call off has been signed for early engineering and fabrication works to support enhanced local fabrication capability in the region.
Subject [...]

The Tata Power Company Ltd is exploring to buying vessels and stakes in shipping companies to transport coal from Indonesia.
On Wednesday Tata Power completed its acquisition of a 30 per cent stake in Indonesian thermal coal producers, PT Kaltim Prima Coal and PT Arutmin Indonesia, along with related trading companies owned by PT Bumi Resources.
The [...]

Visiting Nicosia Thursday, Egypt’s petroleum minister said that his country will work closely with Cyprus and offer all necessary support in oil exploration and exploitation.
Amin Sameh Samir Fahmi made the remarks at the opening ceremony for the first round tender for offshore hydrocarbon exploration and exploitation licenses in the eastern Mediterranean launched by Cyprus on [...]

Aurelio Resource Corporation (”Aurelio”) (OTCBB: AULO) is pleased to announce that it has completed, pursuant to an agreement entered into with Aurelio Resources Inc. (”ARI”) and its shareholders dated April 27, 2006, the acquisition of all of the issued and outstanding common stock of ARI, a privately-owned Colorado corporation engaged in mineral development, expansion and [...]