(EnergyAsia, November 1 2011, Tuesday) — Energy consultant Wood Mackenzie expects metallurgical coal prices dropping from the current quarterly price of US$285/tonne for premium hard coking coal to under US$240/tonne a year from now. Still, it said this price remains significantly above the marginal cost of production, and the product remains strongly demanded among Asian (more…)

(EnergyAsia, November 1 2011, Tuesday) — A consortium comprising Singapore’s Sembawang Shipyard and Indonesian shipowning company PT Scorpa Pranedya has secured a US$300 million contract from Mobil Cepu Ltd to convert a tanker into a floating storage offloading (FSO) facility to produce oil in Indonesia’s offshore Cepu block. Mobil Cepu, an Exxon Mobil Corp subsidiary, (more…)