LONDON - Chevron is set to launch the sale of its remaining UK North Sea oil and gas assets, in a move that would mark the U.S. energy giant's exit from the ageing basin after more than 55 years.
The sale process includes Chevron's 19.4% stake in the BP-operated Clair oilfield in the West of Shetland region, the largest in the British North Sea with production of 120,000 barrels per day, Chevron confirmed to Reuters in a statement.Chevron is also seeking to sell its marginal interests in the Sullom Voe oil terminal, as well as the the Ninian pipeline SIRGE pipeline systems which are both linked to Sullom Voe, it said.
The development follows Chevron's sale of many of its North Sea assets in 2019 to Ithaca Energy. Other major oil companies, including Exxon Mobil and Shell, have sold assets in the basin since the 2010s. Ukraine's Liutyi drone had an inauspicious start but is now behind 80% of successful strikes on Russian oil refineries, according to Ukrainska Pravda.Gazprom CEO Alexei Miller is on a working visit to Iran, the company said on Wednesday, just as President Vladimir Putin prepares to visit China with a high-level delegation for talks with Xi Jinping.