Chevron, Conoco Move Ahead With North Sea Gas Field JV

Law360, New York (January 13, 2014, 6:54 PM EST) -- Chevron Corp. said Monday that it was moving ahead with the development of a North Sea gas field off the coast of Scotland — a joint venture with fellow energy giant ConocoPhillips Co. — with production expected to begin in 2016.

Chevron said it had reached a final investment decision on developing the Alder gas field and received approval from U.K. energy regulators to proceed. A Chevron spokeswoman said the company will invest "a sizable amount" in the project, but declined to reveal an exact dollar...
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