Brazil recently discovered an offshore field estimated to hold some 33 billion barrels of oil.
In the past year production at Cantarell, Mexico's big offshore field, has fallen by a third, to 1 million barrels a day.
Shell, which operates an offshore field in the Bay of Bengal, reckons Bangladesh's gas reserves could be as big as Indonesia's, which are among the largest in Asia.
Everyone has seen how the Brazilian government reacts to environmental lapses, slapping heavy fines on Chevron for seeping 3, 700 barrels of crude into the Atlantic Ocean from the Frade offshore field.
In the past decade this offshore supergiant field has rolled over and nearly died.
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Due for completion in 2013, it will take gas from Myanmar's offshore Shwe field and will have the capacity to satisfy 10% of China's oil-import needs.
The company is one of five worldwide in a joint-venture to develop the South Pars offshore gas field (the others include companies from close U.S. allies France and Canada as well as Indonesia and Russia).
The giant heavy oil field offshore Newfoundland was discovered way back in 1981.
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In April, the 250 million barrel Skrugard oil discovery was made in the Barents Sea, and the 150-300 million barrel Peregrino South oil field was discovered offshore Brazil.
With the recent confirmation of the Leviathan field, an offshore natural gas discovery able to meet total domestic demand for approximately 40 years, Israel has entered a new and potentially remarkable era of energy exploration and production.
The company will also spend 11.38 billion rupees by 2015 on gas processing complexes of its satellite field, also western offshore.
By contrast, there have been seven new field start-ups offshore the UK so far this year, compared with a total of five noted last year.
The only big offshore Arctic production site is the Snohvit gas field in the Norwegian Barents Sea, opened by Statoil in 2007.
The Leviathan field was one of the world's largest offshore natural gas finds this past decade.
The China National Offshore Oil Corp, CNOOC (CEO), operates the field.
Farm-in agreements, where a company takes a stake in another company's field, were a key part of deals activity offshore the UK in the first quarter of this year.
Any solution, he warned, would have to produce a level playing field between people betting through domestic book-keepers and those located offshore.
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