Shell, Nexen Make Oil Discovery in Gulf of Mexico

Royal Dutch Shell Pic and Nexen Inc. made an important oil discovery in the gulf of Mexico, which could produce much more oil. There have been some major technological advances which have opened up access to deeper water deposits in the Gulf of Mexico. The region may hold 3 billion barrels of crude oil and gas. Shell is currently in the commissioning stage. This is good news for Mexico, as it would cause more exports with other countries, especially with the U.S. This trade would strengthen the NAFTA ties, and hopefully help Mexico's economy.

http://www.businessweek.com/news/2010-03-19/shell-nexen-make-oil-discovery-in-gulf-of-mexico-update2-.html