US company denies decision is linked to UK’s 35% windfall tax on North Sea producers
Chevron is preparing to call time on more than five decades in the North Sea with a plan to sell its remaining oil and gas fields in the ageing oil basin.
The US oil company said on Thursday that it will launch a sale of its North Sea interests, including a 19.4% stake in the giant Claire oilfield in the West of Shetland region, which could raise up to $1bn.
More Stories
Majority of Australians think China will be world’s most powerful country by 2035, poll finds
Oil and gold prices soar and stock markets fall after Israel’s attacks on Iran
Donald Trump repeats call for Russia to be readmitted at G7 summit in Canada