Royal Dutch Shell and ExxonMobil both recently announced incredibly expensive, incredibly ambitious offshore projects in the Gulf of Mexico. The massive oil reserves that exist beneath the ocean floor are increasingly being targeted by the oil majors in their quest to increase production. In this video, Fool.com contributor Aimee Duffy looks at the company's behind three new offshore innovations that will make big oil's big challenge safer, and more efficient.

Motley Fool contributor Aimee Duffy has no position in any stocks mentioned. If you have the energy, follow her on Twitter where she goes by @TMFDuffy.

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