</p><p >First, Noah Brenner tells us how subsea collaborations like OneSubsea, Forsys and others have succeeded in bringing down project development costs - and what more needs to be done. <em><strong>(1:20 - 9:20)</strong></em></p><p >Then Gareth Chetwynd calls in from Rio de Janeiro for a look at how the political situation in Brazil is impacting Petrobras and the pre-salt. <em><strong>(9:50 - 19:55)</strong></em></p><p >And we tell you why Donald Trump's half-baked policy on Saudi oil imports to the US would prove especially challenging to domestic operators.