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Chevron is to invest £200m in the development of the Alder field in the North Sea, with gas being sent to the St Fergus terminal from 2016.

Chevron is to proceed with the development of the Rosebank oil field west of Shetland, including a floating production vessel and gas export pipeline.

Chevron is expected to set up a corporate head office at Freshwater's 30,000 sq ft office scheme at Cavendish Square in West London next year.

Chevron is to set up a new technology centre in Aberdeen early next year, with the creation of 100 jobs, in order to provide research and technical services to its global oil and gas business.

Chevron is to expand its Aberdeen headquarters by building a new 110,000 sq ft office on an adjacent site over the next 12 months, in order to provide more space for its 490 staff.

Chevron has announced plans to increase the output from its North Sea Alba oil field by investing £141m in the development of a major extension known as Alba Extreme South.

Chevron of the US and Petroplus of the Netherlands are planning to reopen the Gulf Oil refinery in Milford Haven, south Wales, in order to make its storage capacity available to other companies and to supply the regional electricity network.