US supermajor Chevron is set to launch a fresh bid process this year for a floating production, storage and offloading vessel destined for its challenging Rosebank project on the UK Atlantic Margin.
Last month, the California-based player unexpectedly cancelled a $2 billion contract it had awarded to Hyundai Heavy Industries in April 2013 — without a competitive bid process — to provide a newbuild FPSO.
This
