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
17 January 2025
Supply glut or supply deficit are both plausible outlooks, with tariffs and sanctions among the key risks that could swing the pendulum
17 January 2025
European Commission is on its way to meeting clean energy goals, but energy security concerns and higher costs may give it second thoughts
17 January 2025
The CEO of QatarEnergy has highlighted the potential impact a new EU directive could have on energy exports to the continent
16 January 2025
The government’s resource nationalism is aggravating the NOC’s debt position and could yet worsen if also tasked with the decarbonisation shift
