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

|About: Chevron Corporation (CVX)|By:, SA News Editor

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.