2013 April 12

The Master Resource Report  2013-04-12

Solar power in the Middle East

Below is a video of an interview with Vahid Fotuhi, the president of the Emirates Solar Industry Association discussing the outlook for solar power in the region. It is hard to find a region in the world better positioned to take advantage of solar power and at the same time so dependent on fossil fuels today.

North American rig count

Baker Hughes reported today that the U.S. oil rig count climbed 30 rigs while the natural gas focused rig count climbed 2. Currently there are 377 rigs drilling for gas and 1387 drilling for oil. It is worth noting that the 1771 rigs operating in the U.S. is more than 50% of the global total according to Baker Hughes data. The U.S. is gradually becoming a pin cushion of oil and gas wells.

When considering the impact of the rig count don’t forget to take into account the improved efficiency of pad drilling and new techniques being employed in the industry. One operating rig today can do a lot more than one just a few years ago.

Canada looks at more LNG terminals on the BC coast

Many observers of Canadian energy policy are aware of plans for a terminal at Kitimat but how many have heard of Grassy Point?

The four new proponents emerged in response to a provincial call for expressions of interest to situate facilities on Crown land at Grassy Point, north of Prince Rupert and within 40 miles of Highbank’s Swamp Point North, Portland Canal aggregate project.

For a map of the proposed sites click here.