Abu Dhabi National Energy Co. (TAQA) has sold its seven percent stake in US electric automaker Tesla Motors, making a profit of $113 million (£71m) on the sale.

The 75 percent state-owned utility had 7.3 million Tesla shares transferred to it by the Abu Dhabi Water and Electricity Authority in late 2010. A spokesman said TAQA had "admiration for Tesla's vision, technology and products", but that the automaker was a non-core investment for the organization.

Sapphire Energy, Inc., one of the world leaders in algae-based green crude oil production, has secured the final tranche of $144 million investment funding.

Readers of our 1 April story about profal oil need not be sceptical. It’s not the first of April today.

With this final investment round, San Diego-based Sapphire Energy’s total funding from private and public sources has risen to over $300 million.

Samsung Electronics, the world’s largest information technology company, has given notice of its sales and operating profit for Q1 2012.

The South Korean manufacturer of the Galaxy smartphone and Note mini-tablet released a consolidated earnings estimate today of 5.8 trillion won (approximately $5.1 billion) on sales of around 45 trillion won (almost $40 billion).

The profit figure is almost double the 2.95 trillion won posted in Q1 2011, while the sales figure is up from 37 trillion won in the same quarter last year.

Jaguar Cars has confirmed that it will bring an all-new sports car into production, to be known as the F-TYPE.

Speaking at the New York auto show Adrian Hallmark, global brand director, Jaguar Cars, confirmed: "We showed the C-X16 concept in September 2011, and the reaction to it has been so positive that we've accelerated our development of an all-new Jaguar sports car.

Cypher Environmental has been working hard to provide the mining industry with high quality dust control, soil stabilization and water treatment products that meet the growing requirement for sustainability, as president Todd Burns explains.

As hardware merchants in the California gold rush discovered, you can make money from mining either by discovering the mother lode or by selling picks and shovels. Jeff Daniel talks to a modern-day version of the hardware merchant.

South Africa-based high voltage power contractor CONCO expects to double its turnover within the next three years. Clive Pillay explains to Gay Sutton how the company is preparing to meet this enormous growth in demand.

Atlas Copco Ghana is at the hub of this global industrial technology group’s West Africa operations. Regional general manager George Apostolopoulos tells John O’Hanlon where the company is striking gold.

Scottish oil explorer Cairn Energy has announced the acquisition of Agora Oil & Gas, a private Norwegian company with non-operated, exploration, appraisal and development assets in the United Kingdom and Norwegian North Sea.

The transaction is subject to consent from the relevant regulatory authorities in the UK and Norway.

Agora will add drilling activity to Cairn's 2012 exploration and appraisal programme, with nine wells, eight firm and one contingent, scheduled to be drilled in the UK and Norway in 2012.

DSM Pharmaceutical Products, the custom manufacturing and technology business of Royal DSM, was recognized at the 2nd Annual Biopharma Asia Industry Awards in Singapore.

The awards program was launched to celebrate Asia's evolving importance as a destination for life science partnerships and business activities.

According to the sponsors, the award aims to recognize the best contract manufacturing organization (CMO) that has demonstrated an ongoing commitment to improve its services in Asia and in reducing lead times for its customers.