Tuesday, June 2, 2026

$40 Billion Browse Floating LNG Project Shelved

Woodside Petroleum puts the Browse floating LNG project on indefinite hold Low commodity prices have claimed yet another project this week. Woodisde Petroleum (ticker: WPL) announced that it will put its Browse floating LNG project on hold indefinitely as low commodity prices make it more difficult to justify the project. “While significant progress was made to improve project value, this