"Deal Could Promote U.S.-Mexico Oil Work in Gulf"
"The U.S. and Mexico reached an agreement Monday to cooperate on oil and gas development in the Gulf of Mexico. Signed at a meeting in Los Cabos, Mexico, the agreement would set a process that U.S. companies and Mexico's state-owned Pemex could use to jointly develop waters that straddle the nations' maritime border. It also would provide for the U.S. and Mexican governments jointly to review applications and safety inspections in cases of drilling in the boundary-straddling waters, where oil spills could affect both nations."