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A new solar facility is expected to be built in Italy.

First Reserve Corp agreed to develop a $276 million project after concluding the purchase of a 70 MW solar power plant near Rovigo, Italy.

read more... 03/11/2010

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First liquefied natural gas terminal will be built in Ukraine.

Ukraine plans to launch its first liquefied natural gas terminal in the Black Sea region in 2015, with a capacity of 5 billion cubic meters per year.

read more... 03/11/2010

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Daily Market Update, Tuesday, November 02, 2010

Oil was up on Tuesday, due to an expected decision by the Federal Reserve to pump more money into the U.S. economy. At 10:34 GMT, U.S. crude for December increased at $83.31 per barrel, adding 2% percent, comparing previous session. ICE Brent climbed 17 cents to $84.79 per barrel.

read more... 03/11/2010

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Angola seeks greater oil output quota as India looks into additional crude imports

As declared by Angolan Oil Minister, Jose Botelho de Vasconcelos, the country wants OPEC to grant them a bigger output quota as India shows interest in additional crude imports.

read more... 02/11/2010

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Oil prices up as dollar eases

On Monday, oil rose to about $82 a barrel, following the U.S. Federal Reserve’s future commitment to another round of monetary stimulus that would consist in purchasing as much as $80 to $100 billion worth of assets per month.

read more... 02/11/2010

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