Terra Energy & Resource Technologies, Inc., an energy and natural resource exploration technology company, announces that it has signed a Service Agreement with the Institute of New Oil and Gas Technologies (INOGT), a Russian limited liability company providing exploration services utilizing its innovative technologies. The agreement grants the Company five year exclusive rights for the [...]

Multi-Shot, LLC and Denham Capital announced that Denham will make a majority equity investment of $165 million in Multi-Shot, a leading independent provider of directional drilling services in the North American oilfield services industry.
Multi-Shot, headquartered in Conroe, Texas, is an independent directional drilling services company. The Company operates throughout the continental United States. It has [...]

The Board of Directors of Mustang Minerals Corp. is pleased to announce the appointment of Ian Ward P.Eng as Senior Vice President of Mustang. Mr. Ward’s primary role, commencing in September 2008 will be to oversee the completion of a positive feasibility study for the Maskwa Nickel Project located near Lac du Bonnet Manitoba, and [...]

OAO Severstal, one of the world’s leading metals and mining companies, today announced that it has completed its acquisition of Esmark Incorporated, a manufacturer and distributor of flat rolled and other steel products. The acquisition was completed pursuant to the merger of Severstal Wheeling Acquisition Corp., a wholly-owned subsidiary of Severstal, with and into Esmark. [...]

CDC Software, a wholly-owned subsidiary of CDC Corporation and a provider of industry-specific enterprise software applications and business services, announced today that it has added two new partners from Chile and Brazil to its growing and diversified Franchise Partner Program, that now totals seven companies.
The CDC Software Franchise Partner Program funds CDC Software’s investments, through [...]

Landdrill International Inc. is pleased to announce that through its wholly owned Canadian subsidiary, it has acquired the assets of the exploration drilling company Forages M. Lafreniere Inc. (”FML”).
FML is a Nedelec, Quebec based mineral exploration drilling contractor, operating seven drill rigs in Quebec and Ontario. LDI is acquiring all drilling equipment, support equipment and [...]

RADWIN, a leading global provider of advanced wireless broadband solutions, today announced that ALROSA, Russia’s largest diamond mining and manufacturing company with a 25% share of the world’s rough diamond production, has deployed its wireless systems for VPN connectivity. RADWIN’s partner in Ural, Diapazon Consulting, provided project support.
RADWIN’s wireless broadband links are used to connect [...]

Northern Offshore, Ltd told the press that the company has entered into agreements with affiliates of Transocean, Inc. (NYSE: RIG ) to acquire the semisubmersible drilling rigs GSF Arctic II and GSF Arctic IV currently operating in the U.K. North Sea (collectively the “Rigs”). The total acquisition price for the two rigs is approximately US$750 [...]

Archangel Diamond Corporation’s major shareholder, Cencan S.A., is increasing its unsecured non-convertible, interest bearing loan to Archangel to US$8.8 million from US$4.5 million. The additional funds provide Archangel Diamond Corporation with sufficient income to meet short term working capital requirements.
Archangel Diamond’s Board of Directors consider the commercial terms of the loan to be reasonable and [...]

USR Technology, Inc., is pleased to announce that it has entered into a Letter of Intent, dated July 3, 2008, with Euroslot SA, a private French company which specializes in the production of metallic filtration separation media for the oil and gas drilling industry.
The letter of intent with Euroslot addresses two principal areas. The first [...]