Shell acts to shut in platform

Shell’s Shearwater platform off the UK remained shut in midweek as work continued to resolve problems following a feared breach in a casing on a high-pressure high-temperature well, writes Rob Watts.

Israel fields deal

Israel’s government has approved Energean Oil & Gas’ $148 million acquisition from Delek Group of the Karish and Tanin gas fields in the Mediterranean Sea.

Output from ACG takes dip

Crude output from the BP-led Azeri-Chirag-Guneshli (ACG) oilfields development is expected to have dipped slightly during 2016, BP-Azerbaijan vice-president Bakhtiyar Aslanbeyli told reporters in Baku this week, writes Kama Mustafayeva.