KASHAGAN WILL RESTART
Kazakhstan's vast Kashagan oil field, the world's biggest oil find in decades, is expected to restart production at the end of 2016, Exxon Mobil Production Vice President John Chaplin said.
The oil field is being developed by a consortium which includes KazMunaiGas, Exxon Mobil, Eni, Royal Dutch Shell, Total, China's CNPC and Japan's Inpex.
It began production in September 2013 but output was halted a few weeks later after leaks were detected in its pipes.
"Kashagan should start at the end of 2016," Chaplin, who is in charge of production in Europe and the Caspian Sea, told Reuters on the sidelines of an oil conference in Oslo.
"Of course, there are always uncertainties in replacing the pipelines," he said.
Chaplin also said that Norway should provide fiscal incentives for oil companies to continue producing at the end of an oil field's lifetime.
He also said the European refining sector remained a bright spot in the sector.
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WNA - India has a flourishing and largely indigenous nuclear power programme and expects to have 14.6 GWe nuclear capacity on line by 2024 and 63 GWe by 2032. It aims to supply 25% of electricity from nuclear power by 2050.
WNA - Mainland China has 38 nuclear power reactors in operation, about 20 under construction, and more about to start construction. The reactors under construction include some of the world's most advanced, to give a 70% increase of nuclear capacity to 58 GWe by 2020-21. Plans are for up to 150 GWe by 2030, and much more by 2050.
PLATTS - "The domestic uranium mining industry needs US government assistance to survive the foreign onslaught -- particularly from Russia and Kazakhstan -- that has undermined the US uranium industry while new players -- particularly China -- will soon make the situation worse," Energy Fuels and Ur-Energy said in a petition they jointly filed with the department.