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
18 February 2026
The global gas industry is no longer on the backfoot, hesitantly justifying the value of its product, but has greater confidence in gas remaining a core part of the global energy mix for decades
18 February 2026
With marketable supply unlikely to grow significantly and limited scope for pipeline imports, Brazil is expected to continue relying on LNG to cover supply shortfalls, Ieda Gomes, senior adviser of Brazilian thinktank FGV Energia,
tells Petroleum Economist
17 February 2026
The 25th WPC Energy Congress, taking place in Riyadh, Saudi Arabia from 26–30 April 2026, will bring together leaders from the political, industrial, financial and technology sectors under the unifying theme “Pathways to an Energy Future for All”
17 February 2026
Siemens Energy has been active in the Kingdom for nearly a century, evolving over that time from a project-based foreign supplier to a locally operating multi-national company with its own domestic supply chain and workforce
