Chevron sanctions $4B Big Foot oil and gas development in deepwater US Gulf of Mexico

In a strong vote of confidence for the future of the oil and gas industry in the US Gulf of Mexico, super major Chevron has sanctioned the $4 billion development of the Big Foot project in the deepwaters of the US Gulf of Mexico. 
"Sanctioning Big Foot underscores our commitment to the Gulf of Mexico and will contribute to future US energy supply," said George Kirkland, vice chairman, Chevron. 
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Source: Penn Energy