LONDON, June 25 (Reuters) - Royal Dutch Shell said
on Friday it had agreed to acquire BP's 27.5% stake in the
Shearwater North Sea gas field, raising its stake in the field
to 55.5%.
Shell, which operates the Shearwater hub, exercised its
right of first refusal to the stake after BP agreed last month
to sell its stake to Tailwind, a private oil producer backed by
commodity trader Mercuria.
(Reporting by Ron Bousso, editing by Louise Heavens)