This segment is from Tuesday's edition of 'Digging for Value', in which sector analysts Joel South and Taylor Muckerman discuss energy & materials news with host Alison Southwick. The twice-weekly show can be viewed on Tuesdays & Thursdays. It can also be found on Twitter, along with our extended coverage of the energy & materials sectors @TMFEnergy.

For a quite a long time now, the North Sea has been synonymous with European offshore oil production. Unfortunately, the field isn't quite what it once was. For investors looking to buy into the next big field in Europe, we recommend starting your research with companies like ExxonMobil (NYSE:XOM), Noble Energy (NYSE:NBL) and Statoil (NYSE:STO). ExxonMobil provides exposure to multiple fields, while Noble Energy might offer the most upside with its involvement in the Mediterranean's Leviathan Field. For more analysis on this subject, tune into the video below.

Joel South has no position in any stocks mentioned. Taylor Muckerman has no position in any stocks mentioned. The Motley Fool recommends Statoil (ADR). Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.