Chevron is pressing on in hope with new projects in the Gulf of Mexico. Its latest announcement, which came Thursday, was for the $4bn development of its Big Foot project in the deep water.
This follows its announcement in October to move forward on the $7.5bn development of two large fields in the Gulf of Mexico. That previous announcement represents the largest investment in the Gulf of Mexico since the BP oil rig disaster in April and is the strongest signal that companies expect the region’s reserves will continue to be produced in spite of the spill.






