Oil prices are set to close out the week on a quiet note after several days of choppy trading. The markets are still waiting for direction as the U.S.’ decision to scrap the Iran deal ahead of the May 12 deadline looms. IEA: Deepwater investment set to grow . The IEA said in a new report that while overall offshore oil production will likely remain flat through 2040, output will shift from shallow water to deepwater. Brazil will stand out as the most attractive place for deepwater development. In a separate scenario that incorporates more sustainability goals, offshore wind thrives while offshore oil production withers. Pemex to drill first discovery since energy reform . Pemex is gearing up to develop its first offshore discovery […]