Chevron confirms plan to sell North Sea oil interests after 55 years
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
Stay updated with breaking news from Clair Field. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
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.