Energy Update
SAN FRANCISCO, Sept 29 (Reuters) - In the run-up to its
initial public offering, cloud computing company Nutanix
scrambled to avoid a situation that has increasingly marred
technology IPOs: a price that is below the most recent private
funding round.
TOKYO, Sept 30 (Reuters) - Oil prices dropped on Friday on
profit-taking, after rising 7 percent in the past two sessions,
amid doubts that OPEC's first planned output cut in eight years
would make a substantial dent in the global crude glut.
SHANGHAI, Sept 30 (Reuters) - China General Nuclear Power
Corporation (CGN) expects its plans for a new China-led nuclear
power plant in Britain to win government approval within five
years, the firm's chairman said in comments reported by state
media late on Thursday.
By Laura Zuckerman
SALMON, Idaho, Sept 29 (Reuters) - U.S. and Canada-based
Native American tribes are expected to sign a treaty on Friday
that urges protections be maintained for grizzly bears in and
around Yellowstone National Park.
The treaty is the latest sign of growing American Indian
activism tied to tribal rights and the environment, and just the
third such cross-border agreement in 150 years, tribal members
involved said.
The world's largest waste-to-energy downdraft gasification plant is being constructed in Tennessee — area mayors were invited to take a look at the facility in preparation for full startup early next month.
BENGHAZI, Libya Sept 29 (Reuters) - Libya's Arabian Gulf Oil
Company (AGOCO) has increased production to 290,000 barrels per
day, its chairman said on Thursday, and hopes to reach 350,000
bpd by the end of the year.
SAN FRANCISCO, Sept 29 (Reuters) - In the run-up to its
initial public offering, cloud computing company Nutanix
scrambled to avoid a situation that has increasingly marred
technology IPOs: a price that's below the most recent private
funding round.
TORONTO, Sept 29 (Reuters) - Canada's main stock index rose
on Thursday to a one-week high as energy stocks added to sharp
gains from one day before on a surprise output cut agreement by
OPEC.
LIBREVILLE, Sept 29 (Reuters) - Gabon's opposition leader
Jean Ping called on Thursday for national talks to form a "new
republic" and urged foreign powers to impose sanctions on allies
of President Ali Bongo, sworn in this week after a disputed
election in the oil-producing nation.
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