Browse floating LNG gains traction
Woodside is increasingly confident on a Browse floating LNG (FLNG) final investment decision in late 2016
Browse has moved into front-end engineering and design (Feed) as Woodside is optimistic that costs can be cut to competitive levels. It is eyeing a breakeven return on capital at current oil prices and a long-term return of 12%-15%. The Perth-based operator signaled that it could slash upstream costs by 20%-30%, although downstream costs remain too high. “On the downstream, we still have work to do, and we needed to get into the Feed part of the project to knuckle down on that work and firm up what we can do with respect to the construction costs in the yard in Korea and getting efficiencies as best we can,” the company’s chief executive, Peter Coleman, told shareholders. Woodside is targeti
Also in this section
2 July 2025
The global energy community will converge in Dubai on 10 December for a landmark event dedicated to shaping the future of natural gas across the region
30 June 2025
Government is sending out the right policy signals to support increased domestic gas development, but policy takes time to implement and even longer to yield results
27 June 2025
Gas-on-gas competition pricing has grown its share of consumption significantly over the past two decades, primarily at the expense of oil-price-escalation pricing, according to the IGU
27 June 2025
Dire crude projections and heavy debt burden are weighing heavily on NOC Pemex
