AI Technology Finds New Natural Gas Reserves to Aid Europe's Energy Needs
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New AI and machine learning software can analyze seismic data to identify natural gas deposits that humans cannot see, improving exploration and discovery. Companies like MCF Energy are using this technology in Europe.
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Europe urgently needs domestic natural gas sources after Russia weaponized its gas exports. The EU has reclassified natural gas as green and sustainable to encourage domestic production.
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MCF Energy is drilling natural gas wells in Austria and Germany, aided by AI software that can predict geology with over 80% accuracy to reduce risk.
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Major tech firms like Microsoft, IBM, and Nvidia are providing AI and cloud technologies to transform the oil and gas industry, improving efficiency and sustainability.
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Renewables cannot yet fully replace natural gas in Germany's energy transition. Domestic gas from companies like MCF Energy could help Germany avoid increased coal use or expensive LNG imports.