Chevron Calls Time On 55 Years Of North Sea Oil And Gas Operations

Offshore oil rig in the North SeagettyEnergy giant Chevron Chevron has decided to call time on its operations in the North Sea, potentially ending more than five decades of oil and gas production in the ageing hydrocarbon basin.Confirming the move on Thursday (May 16, 2024), the company said it would offer up its remaining assets in the North Sea. However, the process may take "multiple months" and "may or may not result in a sale", it added.The assets on offer include Chevron's 19.4% non-operated working i ...