Chevron has kicked off the sale of a number of its oil and gas fields in the ageing North Sea as part of a review of the U.S. giant’s European operations. F The San Ramon, California-based company is the latest veteran North Sea producer seeking to scale back its presence in the 50-year-old North Sea basin, where production has been on a steady decline since the late 1990s. BP, Royal Dutch Shell and ConocoPhillips have all sold assets in the North Sea in recent years. “Chevron Upstream Europe is undertaking a review of its portfolio…a decision has been taken to initiate the process of marketing all our UK Central North Sea assets,” a company spokeswoman said in a statement. The assets include the Alba, Alder, Captain, Elgin/Franklin, […]