WorldOil Vessels sailing under the radar to ship Venezuelan crude to Cuba Stopping the flow of Venezuelan oil to its ally Cuba might prove harder than the U.S. expected. MEO Australia advances exploration program in Cuba MEO Australia Limited has announced it has executed a Private Placement Agreement (PPA) with London listed Leni Gas Cuba Limited to raise $1.4 million, with funds to be used to advance MEO’s exploration program on the company’s newly awarded 2,380 km2 onshore oil block, Block 9 in Cuba. MEO Australia enters Cuba with Block 9 PSC MEO Australia has executed the Cuba Block 9 Production Sharing Contract (PSC) with the national oil company Cuba Petróleo Union (CUPET) in a ceremony in Havana, Cuba. Regional Report: Latin America Responding to falling oil prices, some Latin American governments push energy investment, while others slash EandP budgets.