INDUSTRY DESCRIES SHARP DECLINE IN U.S. OFFSHORE ACTIVITY

Roadblocks to offshore activity in the U.S. drew much of the spotlight at the 24th Offshore Technology Conference last week in Houston. Among OTC highlights: Two panels reviewed how federal leasing moratoriums and regulatory restrictions are reining U.S. offshore development. Conoco Inc.'s manager of exploration and development in Russia detailed the allure of giant and supergiant fields in the Commonwealth of Independent States and reviewed the status of the company's efforts to

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