Chevron (CVX -0.6%) will invest billions of dollars developing the giant Rosebank offshore...


Chevron (CVX -0.6%) will invest billions of dollars developing the giant Rosebank offshore project in a remote and technically challenging corner of the British North Sea. CVX's move to start allocating the main engineering and design contracts for Rosebank comes three months after the U.K. announced tax measures aimed at encouraging renewed investment in the area.

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  • marilyn61
    , contributor
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    Good to see that there are now signs that major international oil firms are being drawn back to the region and that the efforts to improve its excessively harsh tax regime are taking effect.
    9 Jul 2012, 10:44 AM Reply Like
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