Bud's Offshore Energy (BOE)

Per offshore-energy.biz, Russian giant Lukoil has closed a $450 million deal to acquire operator interest in Mexican offshore tracts. Not a good look for Mexico, but in their defense:

• The deal was closed on 3 February.
• Many countries, including the US, continue to import Russian oil and gas.
• Lukoil continues to sell gasoline in the US and worldwide.
• Unlike some elements of the US government, Mexico appreciates the domestic and international importance of expanding their offshore program.