Aug 20, 2013

Papers detail CIA role in Iran coup

The CIA has admitted orchestrating the August 1953 coup that toppled Iran’s prime minister after he tried to nationalize his country’s oil wealth from Britain, a declassified document shows. The Central Intelligence Agency’s role in the overthrow of Mohammad Mossadegh has long been known, ...

Aug 13, 2013

Mexico opens oil sector to investment

President Enrique Pena Nieto proposes historic changes to Mexico's state-run energy sector, cracking open the door for global oil giants such as Exxon Mobil and Shell to invest in Mexico's lethargic 75-year-old state oil monopoly.

South Korea in grip of power crisis

Aug 12, 2013

South Korea in grip of power crisis

South Korea ordered government offices to turn off their air conditioning as two power plants shut down Monday, a day after a minister warned of an imminent national energy crisis. The Dangjin III plant, with a capacity of 500,000 kw, was taken offline by ...

NYK seeks deep-sea oil, gas as cargo ebbs

Aug 9, 2013

NYK seeks deep-sea oil, gas as cargo ebbs

by Chris Cooper and Kiyotaka Matsuda

Nippon Yusen K.K. says development of deep-sea Brazilian oil and Australian gas will boost drill-ship and shuttle-tanker demand, helping the energy business post its first annual profit. The shipping line’s energy unit, excluding liquefied natural gas vessels, will report an operating profit of about ...

Kochs use Web to slam critical reports

Jul 15, 2013

Kochs use Web to slam critical reports

by Paul Farhi

When environmental journalist David Sassoon began reporting about the billionaire Koch brothers’ interests in the Canadian oil industry last year, he sought information from their privately held conglomerate, Koch Industries. The brothers, who have gained prominence in recent years as supporters of and donors ...

Jun 20, 2013

When the sun doesn't shine, who should pay?

It’s a sight that would bring joy to anyone who has ever paid an electric bill: that little wheel on the meter outside your home literally spinning backward, signaling a reduction in your payment and the distribution of excess electricity to your neighbors. Yes, ...

Jun 15, 2013

Energy report skips nuclear phase-out

Japan’s annual energy report released Friday barely refers to the fact that the previous government upheld a goal to phase out nuclear power in the 2030s, reflecting the pro-nuclear stance of the current government. The latest Energy White Paper covers a period between last ...

Jun 9, 2013

Sea of Japan methane hydrate survey kicks off

The government Saturday started its first full-fledged investigation to assess the size of methane hydrate reserves in the Sea of Japan. Japan succeeded in extracting natural gas from methane hydrate contained in geologic layers hundreds of meters below the Pacific seabed in March, but ...