CALGARY - Valeura Energy Inc. (TSXV:VLE), a Calgary-based junior oil and gas explorer, reaches agreement to invest at least US$8.8 million for a 25 per cent stake in a joint venture based in Turkey.

BERLIN, Aug. 31 (UPI) -- Russian oil company Rosneft is in talks to acquire a stake in a BP joint venture that could result in deals to drill for oil in the arctic, sources said. Russia - Rosneft - BP - Joint venture - Oil and Gas

Compal Electronics has announced the establishment of a joint venture, Lucom Display Technology (Kunshan), in eastern China with LG Display, with a total investment of US$15 million at respective stake ratios of 49% and 51%. The joint venture will develop, produce and market notebook components, Compal indicated.

Nova Medical Centers, a specialized day care surgery centre chain, has inked a joint venture pact with Max Healthcare Institute Limited. The new company 'Nova Medical Centres NCR Region has Max Healthcare holding a 31 per cent stake.

Telefonica SA will go to a Dutch arbitration court to seek the break-up of Brasilcel NV, its joint venture with Portugal Telecom SGPS SA that controls 60 percent of Vivo Participacoes SA, if it cant reach an agreement this week with the Portuguese company to buy its stake in the Brazilian wireless operator, ABC reported.