Woodside to buy out ExxonMobil’s share of Scarborough field

Woodside Petroleum has announced a $2.5-billion (Aus.) equity raising to pay for a number of LNG expansions onshore and offshore Western Australia, including the acquisition of ExxonMobil’s 50% interest in offshore retention lease WA-1-R containing the bulk of the yet-to-be-developed Scarborough natural gas field on the Exmouth Plateau.