Deepwater projects survive low oil price, executives say

By Ron Bousso and Karolin Schaps LONDON (Reuters) - The deepwater oil industry is not dead, even after the brutal drop in oil prices in recent years, but activity will focus on regions such as Brazil and the Gulf of Mexico where resources are large and costs low, executives said on Tuesday. Sanctioning of multi-billion dollar projects, that take years to develop and which drove oil supply growth earlier this decade, ground to a near halt since the oil price collapse in mid-2014 as companies deal