Australia: Woodside to buy Exxon Scarborough gas field stake as part of $2b share sale

The Woodside Petroleum Ltd. logo is displayed atop the Woodside Plaza building, which houses the company's headquarters, in the central business district of Perth, Australia, on Wednesday, Feb. 19, 2014. Photographer: Aaron Bunch/Bloomberg

Woodside Petroleum Ltd. agreed to buy Exxon Mobil Corp.’s 50 percent interest in the Scarborough gas field off Western Australia as part of a A$2.5 billion ($2 billion) share sale that will shore up gas supplies for the nation’s biggest energy company.

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