Clair Field News Today

A portfolio review has been completed and a decision has been taken, a Chevron spokesperson told Rigzone.

American energy super major confirmed it would market its assets in the basin, thought to be worth up to one billion dollars.

The latest planned sale would see it pull out of its remaining interests in the region, including a 19.4% stake in the Clair oilfield, west of Shetland

Chancellor rejects industry calls for windfall levy respite as Chevron leaves region

Chevron is preparing to divest all its remaining operations in the UK North Sea as it looks to focus on its most profitable assets.

The US oil giant Chevron has announced it will quit the North Sea after 55 years, the day after Jeremy Hunt turned down industry pleas for support at a private meeting.

The US energy giant, the third-largest in the world by market value, is putting its assets up for sale. A successful deal could raise an estimated £800m.

Wildcat action across 16 platforms in the North Sea last week developed entirely outside of the trade unions, Unite, the GMB and the RMT.

A new integrated operating model for offshore developments in the Norwegian Continental Shelf yields safer, more reliable outcomes with fewer emissions.