Shell, Woodside’s biggest partner in the project, had also spoken cautiously on its prospects…
Angela Macdonald-Smith: Energy Reporter: 23 March 2016
Woodside Petroleum chief executive Peter Coleman is turning a keener eye to potential acquisitions after a decision by the Browse joint venture to ditch a $40 billion-plus floating LNG project freed up the company to chase “attractive” assets.
The indefinite deferral of the Browse project off the north-west coast was forced by the collapse in oil prices, which created an “extremely challenging external environment” for the huge project despite work done to reduce costs, Woodside said.