JERA completed the acquisition of a 15.1% stake in Scarborough gas field from Woodside for $1.4bn.

JERA, a power generation company, completed the acquisition of a 15.1% stake in Scarborough gas field from Woodside, an Australian petroleum exploration and production company, for $1.4bn. "Participation in the Scarborough Joint Venture is a key part of our strong and highly valued strategic relationship with JERA. That relationship reflects our shared view that gas will play an important role in the global energy transition for decades to come,” Meg O'Neill, Woodside CEO.