Energy Sector
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SolarCity Misses Target for the Second Consecutive Quarter; Shares Dip Thirty Percent

SolarCity Misses Target for the Second Consecutive Quarter; Shares Dip Thirty Pe

On Tuesday, SolarCity Corp said it installed lesser number of rooftop solar systems in the Q4 for the second consecutive quarter, than expected. The company's shared dipped thirty percent as it warned that its growth will slow down in 2016.

The leading rooftop solar company in the United States deployed 272 megawatts of solar panels which did not match its forecast of 280 to 300 MW in the fourth quarter. SolarCity attributes some of the deficit to Nevada's December decision to roll back its favorable solar policy.

Duke Energy Corp Cleans Coal Ash Pits; Costs go into Billions

Duke Energy Corp Cleans Coal Ash Pits; Costs go into BillionsDuke Energy Corp, the Charlotte, North Carolina based electric power company, the largest in the United States will shift 1.5 million tons of coal burning residue to a contracted landfill almost hundred and thirty miles away in central Virginia. The company has built two miles of railroad track for connecting the excavation site to the existing railway tracks.

Leak at Indian Point Nuclear Facility in New York Causes Radioactivity in Groundwater

Leak at Indian Point Nuclear Facility in New York Causes Radioactivity in GroundwaterOn Saturday, Governor Andrew M. Cuomo said that the New York State will investigate the radioactive contamination discovered in the groundwater due to a leak in the Indian Point nuclear plant in New York.

Reportedly Six OPEC and Two non-OPEC Members are Open to the Idea of an Emergency Meeting Regarding Oil prices

Reportedly Six OPEC and Two non-OPEC Members are Open to the Idea of an Emergenc

Low oil prices and a supply glut is hurting all the oil producing countries and now six OPEC member states and two of the non member countries are open to the idea of holding a meeting to discuss measures that will perk up the prices. On Wednesday, Venezuela's oil ministry said its oil minister Eulogio Del Pino held talks in Iran and said it was open to the idea.

Iran and Venezuela will be joined by Iraq, Algeria, Nigeria and Ecuador all OPEC members along with Russia and Oman which are non-OPEC oil producers in case a meeting is scheduled.

After a Jump in Earlier Session Oil Drops Once More

After a Jump in Earlier Session Oil Drops Once MoreThe rollercoaster ride for crude prices still continue as the U. S. crude futures on Thursday again fell one percent or more in Asian trading. That offset the gains of almost three percent which oil had made in the earlier session. Hopes were high when Russia revealed possibility of cooperating with OPEC in order to control oversupply of oil globally.

Moody’s Investors Service Said it will Put Dozens of Oil and Mining Companies on Review for Downgrade

Moody’s Investors Service Said it will Put Dozens of Oil and Mining Companies on

Woes for the mining and energy companies seem to be endless as they face a new threat of credit downgrades.

With weak oil and metal prices still worrying the markets, on Thursday, Moody's Investors Service said that it will put a dozen mining companies and oil explorers on review for a downgrade.

California Regulators Stall Plans of Burning Methane from Leaking Well

California Regulators Stall Plans of Burning Methane from Leaking WellReportedly, in a meeting on Saturday, the South Coast Air Quality Management District decided to halt an earlier plan of capturing and burning the leaked gas coming out of the leaking well till the time, the local fire officials and the state and federal authorities do not give their approval.

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