The U.S.-Israeli conflict with Iran ‌presents Brazil with an "enormous opportunity" to attract investments to develop its oil assets, Shell's CEO in ​the country told reporters on Tuesday.

Upstream reported last September that Shell was eyeing the divestment of its one-sixth interest in the NWS project, which could be worth more than US$3 billion, and Bloomberg on Wednesday named two potential buyers.

The results come as lower oil prices force European energy majors to confront some tough choices this earnings season.

Embattled ⁠Brazilian sugar and ethanol producer Raizen could ⁠end up under the control of London-listed oil major Shell after rescue talks that included ​joint venture partners and creditors collapsed,