Oil industry revives quest for deepwater reserves (Reuters)

Ron Bousso / Reuters

Houston.- A recovery in oil prices to about $50 a barrel from a 12-year low in 2016 is reviving oil majors' appetite for risk.

Reductions in offshore production costs mean that some projects may be able to compete with North American shale fields, executives said at an energy conference in Houston this week.

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(Photo: Reuters)