FT Energy News 22nd October

Chevron to develop in Gulf of Mexico (Page 21)

Chevron is going ahead with a $7.5bn development of two large fields in the Gulf of Mexico, representing the largest investment in the area since the BP disaster in April. Despite tighter regulations the area still remains attractive to western oil companies excluded from exploiting many of the world’s most geologically accessible oil reserves in the Middle East and Russia.

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