Nova Scotia's main energy regulator has given a $208 million biomass project the green light.

Nova Scotia Power and NewPage Port Hawkesbury had asked the board to approve a plan to burn 650,000 tonnes of wood a year to fire a steam generator at a paper mill in Cape Breton.

The Nova Scotia Utility and Review Boardhas now said that the project can proceed, but it outlined several conditions in an effort to protect customers from footing the bill for any overrunning costs or a plant failure.

London-based Sirius Petroleum has entered a conditional agreement to purchase a 40 per cent participating interest in Nigeria’s Ke oil field and the surrounding Ke farmout area.

In order to fund the development of Ke, the company is preparing to place 313.9 million new shares, representing 30.73 per cent of the enlarged share capital to raise £15.67 million.

Global energy giant Royal Dutch Shell is to give the Massachusetts Institute of Technology (MIT) $25 million to research and develop high value, sustainable technologies to drive innovation in energy delivery.

The money, to be delivered in five annual payments of $5 million, will go to the MIT Energy Initiative, a program that conducts research aimed at transforming the way the world obtains and uses its energy.

UK airport operator BAA will have to sell two of its airports after the Court of Appeal rejected its claim of regulatory bias during an investigation by the Competition Commission.

The company will now be forced to sell off Stansted and either Glasgow or Edinburgh airports, the High Court has ruled. It is thought this will allow for greater competition, better service and a greater choice of flight destinations.

The metal and mineral resources of Turkey have been under-exploited for decades. Afrasia Mining and Energy Consulting (AME) and Red Crescent Resources (RCR)are bringing South African and global expertise into alliance with local knowledge. Ruari McCallion found out more.

Mining is often about an underground world of tunnels towards the centre of the earth. At Pike River Coal, however, the challenge of New Zealand’s geology has resulted in tunnelling uphill and a reliance on water. New CEO Peter Whittall explains all to Andrew Pelis.

The recent earthquake in Christchurch, New Zealand reveals the geological complexity of the South Island. For Pike River Coal, however, while earth tremors are no major problem, geology has proved to be an uphill struggle.

Kenya’s transport service poses many challenges to bus operators. Edwins Mukabanah, managing director of Kenya Bus Service Management Ltd tells Andrew Pelis how his company is making a real difference in Nairobi.

The challenge of running a successful bus service in Kenya is one fraught with difficulties and danger. But against the backdrop of failed enterprises, corruption and gangsters, one company has adopted a new approach—and is now making great headway in Nairobi.

Operating in a wide range of marketplaces, Flexicon Piping is well placed to play a role in infrastructure development as Africa takes its place on the world economic stage. Mike Enslin explains to Gay Sutton how the company has diversified during recession.

Pfizer Inc. has said it will pay $3.6 billion to purchase King Pharmaceuticals, which specializes in pain medications.

New York City-based Pfizer already has a large stake in the pain drug market with its drugs Lyrica and Celebrex, which together accounted for more than $5 billion in sales in 2009. However the company is keen to shore up its portfolio with King's work on ‘abuse-resistant’ pain drugs, while also taking advantage of the opportunity for cost-cutting.

Nigeria has approved a $2.5 billion offer for its main fixed-line telecoms group Nitel, it has been announced.

However the government is insisting that the winning consortium come up with a $750 million down-payment to secure the sale.

The consortium will have 10 days to pay 30 per cent of its offer—or $750 million—from the date it receives an official demand for payment. It will then have 50 days to pay the balance.