China Close To Buying Oil Leases In Gulf Of Mexico.

NYTIMES/
Cnooc, a Chinese oil company, is close to buying stakes in a few drilling leases in the Gulf of Mexico from a Norwegian company. The deal would include about 20 of StatoilHydro’s 451 leases in the Gulf of Mexico.
“By dipping their toe, they are attempting to see if it’s politically safe to get into our waters,” said Larry Goldstein, a director of the Energy Policy Research Foundation. “There’s still a hangover from Unocal.”

Pemex Signs Offshore Exploration Deal With French Firm.

LAHT.
Pemex signed a $463.5 million, five year contract with France’s CGG Veritas for seismic imaging of potential oil fields in a deepwater area in the Gulf of Mexico spanning more than 75,000 sq. kilometers (28,957 sq. miles).

Summarizing " The Three Amigos Summit."

LATimes.

Mexico's Economic Decline...the Worst in 30 Years?

From Bloomberg.

Pemex To Miss Crude Oil Output Goals.

From Bloomberg.

"Last year, Pemex’s output fell at the fastest rate since World War II, costing it more than $20 billion in potential sales amid record crude prices. Pemex cut its forecast three times last year as its then-largest field, Cantarell, dropped more than twice as fast as government predictions."

Hecho In Mexico: America's Meth Supply.

From the GlobalPost.com

Cuba And Russia Sign Oil Exploration Accord.

From MercoPost.

Cuba estimates that 20 billion barrels may lie under the Gulf of Mexico.
Others say perhaps 5 billion barrels at best.
Russia is also lending Cuba $150 million dollars to buy Russian equipment.