First Liberty Power Corp, a Nevada based mineral exploration company, announced today that it has entered into an agreement to sell its Uravan vanadium and uranium claim to a non related party, New America Energy Corp.

UK oil company Ensco is buying its US rival Pride International for around £4.5 billion in a deal that will create the world's second largest offshore oil and gas driller.

The US Air Force C-130 aircraft fleet is to be retro-fitted with carbon brakes and boltless wheels to enhance performance, reduce weight and simplify maintenance procedures.

After completing its development, qualification and flight test processes, Goodrich Corporation has now received a production contract from Defense Logistics Agency Aviation to supply over 1,600 carbon brakes and over 1,400 boltless wheels with deliveries scheduled to commence in October 2011.

UK oil explorer Regal Petroleum has backed an improved takeover bid from Energees Investments, which came on the back of a rival bid from a Ukrainian billionaire.

The offer from Energees values its proposed 70 per cent stake in Ukraine-focused Regal at around £85 million.

Energees is the main holding company of Ukraine's Smart Holding Group.

The revised offer comes following a rival proposal from Cyprus-based Heamoor and oil explorer Geo-Alliance. Both Heamoor and Geo-Alliance are controlled by the Ukrainian billionaire Victor Pinchuk.

Pennsylvania furniture maker Knoll, Inc. today announced results for the fourth quarter and year ended December 31, 2010.

Swiss food giant Nestlé has opened a new state-of-the-art factory in Nigeria’s Ogun state.

The NGN12 billion (approx. €57 million) Flowergate factory will be primarily dedicated to the production of the company’s Maggi branded range.

The 12 hectare facility—Nestlé’s 27th in Africa—will offer jobs to 180 people and indirect jobs to hundreds more.

General contractor American Bridge Company, has awarded a $13 million contract for steel grid decking and galvanized drainage grating for the Walt Whitman Bridge Suspension Span & Anchorages Project to Pittsburgh, Pennsylvania-based LB Foster Company.

Dutch oil giant Shell has reported profits of $18.6 billion (£11.5 billion) for 2010, on the back of increased production and rising oil prices.

Profits were nearly double that of last year, with earnings in the final quarter soaring by almost 400 per cent to $5.7 billion.

Commenting, Shell’s CEO Peter Voser said: “Our 2010 earnings increased substantially from 2009 levels, driven by improving industry fundamentals, and Shell’s production growth and cost performance.”

Aker Solutions has completed the sale of the principal operations of its Process and Construction business area to Jacobs Engineering Group, one of the world's largest and most diverse providers of technical, professional and construction services.

Aker Solutions, a global oil services company providing engineering and construction services, technologies, product solutions and field-life solutions for the upstream oil and gas industry, intends to concentrate its future strategic efforts on its core oil and gas business.

West Africa-focused Stellar Diamonds has reported “encouraging” initial diamond recoveries from drill core samples of the company's Droujba kimberlite pipe in south-east Guinea.

The company recovered 538 diamonds from 291.62kg of kimberlite, including five commercial-sized diamonds larger than 0.85mm.

The majority of the diamonds recovered are classified as white, colourless and transparent.