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A flexible tube for CO2 is pictured at a a pilot project for carbon capture and storage (CCS). REUTERS/Hannibal Hanschke Acquire Licensing RightsNov 23 - Carbon capture and underground storage (CCUS) is touted by proponents of fossil fuel production and consumption as the technology that will keep oil and gas in the global energy mix. The IEA produced some sobering numbers in its report, The Oil and Gas Industry in Net Zero Transitions. While the IEA said more than $3 billion was invested in CCUS projects in 2022, only 5% of the ventures have reached final investment decisions, representing only 10 million metric tons of carbon capture and 20 million of storage. There is little doubt that the oil and gas industry will learn from experience and get better at doing CCUS.

Persons: Hannibal Hanschke, CCUS, Muralikumar Organizations: REUTERS, International Energy Agency, IEA, and Gas Industry, Chevron, Reuters, Thomson Locations: Chevron's, Western Australia

☆ Florida passes bill to prevent billionaires like Elon Musk and Jeff Bezos being sued if their mega-rockets kill or injure people
▼ + stars: | 2023-05-17 | by ( Marianne Guenot | ) www.businessinsider.com time to read: +4 min

Florida passed a bill protecting space companies in case of injury or death of a crew member. The bill comes as more billionaires are trying to make commercial space flight a reality. Passengers will have to sign a waiver stating they understand the risks of spaceflight before boarding a spaceship, the bill states. Jeff Sharkey, a lobbyist representing SpaceX, also stood in support of the bill at a March 26 hearing, per Florida Politics. Still, the bill doesn't abrogate space companies from all responsibility.

CNN —The editor-in-chief of Die Aktuelle, a German magazine that published a fake artificial intelligence (AI) interview with Michael Schumacher, has been “relieved of her duties,” a statement from publishing house FUNKE said, alongside an apology to the Schumacher family. Schumacher has not been seen in public since he suffered a brain injury in a skiing accident in December 2013. It in no way meets the standards of journalism that we – and our readers – expect from a publishing house like FUNKE,” FUNKE magazine managing director Bianca Pohlmann said in the statement. Only toward the end of the article does it become apparent that the interview was produced by AI. Hannibal Hanschke/EPA-EFE/ShutterstockSince the accident, the Schumacher family has kept updates about the health of the motorsport legend to a minimum to protect their privacy.

CNN —The family of seven-time Formula One champion Michael Schumacher is planning legal action after a German magazine published a fake artificial intelligence (AI) interview, a family spokesperson told CNN on Thursday. “I can confirm that Michael Schumacher’s family is planning to take legal action over a fake artificial intelligence interview by German outlet Die Aktuelle,” a Schumacher spokesperson told CNN on Thursday. German weekly magazine Die Aktuelle published a fake AI interview with Michael Schumacher. “Please understand that we do not comment on this topic,” Barkhausen told CNN on Thursday. Since the accident, the Schumacher family has kept updates about the health of the motorsport legend to a minimum to protect their privacy.

[1/2] The landfall facilities of the 'Nord Stream 1' gas pipeline are pictured in Lubmin, Germany, March 8, 2022. Russia has a 51% stake in Nord Stream 1 through a subsidiary of state-owned energy group Gazprom (GAZP.MM). While the import of Russian crude oil and oil products is banned under European Union (EU) sanctions, Russian gas imports are allowed. In September 2022, several unexplained underwater explosions ruptured the Nord Stream 1 and newly-built Nord Stream 2 pipelines, each more than 1,200-km-long, that link Russia and Germany across the Baltic Sea. Gazprom and Swiss-based Nord Stream AG did not immediately respond to requests for comment.

☆ Elon Musk recruits team to develop OpenAI's ChatGPT rival - The Information
▼ + stars: | 2023-02-28 | by ( ) www.reuters.com time to read: +1 min

[1/2] Tesla CEO Elon Musk arrives on the red carpet for the automobile awards "Das Goldene Lenkrad" (The golden steering wheel) given by a German newspaper in Berlin, Germany, November 12, 2019. REUTERS/Hannibal Hanschke/File PhotoFeb 27 (Reuters) - Elon Musk has approached AI researchers in recent weeks about forming a new research lab to develop an alternative to OpenAI's ChatGPT, the Information reported on Monday, citing people with direct knowledge of the effort. Tesla and Twitter chief Musk has been recruiting Igor Babuschkin, a researcher who recently left Alphabet's (GOOGL.O) DeepMind AI unit, the report said. Babuschkin added that has not officially signed onto the Musk initiative, according to the report. Musk and Babuschkin could not be reached immediately for comments.

☆ Elon Musk has been in several TV shows and movies over the years. See his 11 cameos from 'South Park' to 'Rick and Morty'
▼ + stars: | 2023-01-28 | by ( Grace Kay | ) www.businessinsider.com time to read: +1 min

Elon Musk has become a media personality in his own right, from his viral tweets to appearances on a slew of TV shows and movies. Elon Musk has been featured in several TV shows and movies over the years. Musk is close friends with Endeavor CEO Ari Emanuel, one of Hollywood's most powerful agents and the inspiration for the character of Ari Gold on HBO's "Entourage." The billionaire is also reportedly friends with comedian Nathan Fielder and the creators of "Rick and Morty," to name a few of his Hollywood connections. Sources: The New York Times, The Wall Street Journal, Insider

☆ Germany's gas situation is secure this winter, regulator says
▼ + stars: | 2023-01-17 | by ( ) www.reuters.com time to read: 1 min

[1/2] The landfall facilities of the 'Nord Stream 1' gas pipeline are pictured in Lubmin, Germany, March 8, 2022. REUTERS/Hannibal HanschkeBERLIN, Jan 17 (Reuters) - Germany's gas supply situation is secure and gas shortage is unlikely to happen this winter, the head of the country's network regulator said on Tuesday. "With savings, gas inflows, good storage levels ... We are very, very optimistic that we will no longer have to worry about a gas shortage this winter," Klaus Mueller said at an energy summit organised by Handelsblatt newspaper. Mueller said he expected a relatively warm winter which will help the power supply situation in both France and Germany. Reporting by Riham Alkousaa, Christoph Steitz and Vera Eckert Editing by Paul CarrelOur Standards: The Thomson Reuters Trust Principles.

☆ Russian gas will eventually return to Europe as nations 'forgive and forget,' Qatari energy minister says
▼ + stars: | 2023-01-16 | by ( Natasha Turak | ) www.cnbc.com time to read: +5 min

On Friday, Russian energy supplier Gazprom said it would not resume its supply of natural gas to Germany through the key Nord Stream 1 pipeline, blaming a malfunctioning turbine. Hannibal Hanschke | ReutersThe European Union's rejection of Russian energy commodities following Moscow's invasion of Ukraine won't last forever, Qatar's Energy Minister said during an energy conference over the weekend. EU countries have dramatically cut down their imports of Russian energy supplies, imposing sanctions in response to Moscow's brutal, full-scale invasion of Ukraine. "But Russian gas is going back, in my view, to Europe," al-Kaabi said. Italy has dramatically reduced its reliance on Russian gas by replacing it with energy sources from alternative producers, such as Algeria.

☆ Why we still like Coterra Energy despite the recent fall in natural gas prices
▼ + stars: | 2023-01-12 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +6 min

U.S. natural gas prices rose nearly 4% Thursday to roughly $3.81 per million British thermal units (MMBtu). Thursday's natural gas gains — on top of a 0.88% jump on Wednesday — reverse some of its recent losses. As recently as Dec. 15, U.S. natural gas prices settled at nearly $7 per million British thermal units. Pioneer Natural Resources (PXD), by contrast, has generated 11% of its operating revenue from natural gas over the same span. This helps explain why the Club hasn't run for the hills as natural gas prices fell in recent weeks.

☆ An unexpected force may be speeding up glacier melt across the globe: colorful algae blooms
▼ + stars: | 2022-12-10 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +10 min

Now he sees bright pink and red algae blooms every year. Dr. Matt DaveyScientists like Maréchal think these algae blooms are getting larger and more frequent as rising global temperatures melt glaciers worldwide. Glacier algae seems to be booming, but scientists have a lot to learnResearcher Matt Davey samples snow algae at Lagoon Island, Antarctica. Ice algae and snow algae are different types of microorganisms, and different fields of study, but they both affect glaciers. A strip of "blood snow" filled with red algae cuts across a dark bloom of purple algae in Greenland.

☆ G7 looking at Russian oil price cap of $65-70 per barrel - EU diplomat
▼ + stars: | 2022-11-23 | by ( Jan Strupczewski | ) www.reuters.com time to read: +2 min

The company receives crude oil from Russia via the 'Friendship' pipeline. REUTERS/Hannibal HanschkeBRUSSELS, Nov 23 (Reuters) - The Group of Seven nations (G7) is looking at a price cap on Russian sea-borne oil in the range of $65-70 per barrel, a European Union diplomat said on Wednesday. "The G7 apparently is looking at a $65-70 per barrel bandwidth," the diplomat said. The idea of the price cap is to prohibit shipping, insurance and re-insurance companies from handling cargos of Russian crude unless it is sold for no more than the maximum price set by the G7 and its allies. Because the world's key shipping and insurance firms dealing with trade in crude oil are based in G7 countries, such a price cap would make it very difficult for Moscow to sell its oil for a higher price.

☆ The method to Elon Musk's Twitter madness reveals itself
▼ + stars: | 2022-11-14 | by ( Matt Weinberger | ) www.businessinsider.com time to read: +5 min

The theme of last week was chaos and hubris, amid a massive wave of tech layoffs and the turmoil at Twitter under new owner Elon Musk. The method to the Twitter madness emerges. Salesforce insiders say they were set up to fail. Last week, Salesforce laid off workers who it said were underperforming. The jokester behind the popular Jesus Christ account on Twitter tells Insider how Elon Musk's new Twitter Blue got him verified after 14 years on the platform.

☆ Turkey backs Putin gas plan as Nord Stream faces long outage
▼ + stars: | 2022-10-14 | by ( ) www.reuters.com time to read: +4 min

Pipes at the landfall facilities of the 'Nord Stream 1' gas pipeline are pictured in Lubmin, Germany, March 8, 2022. Russian President Vladimir Putin this week proposed Turkey as a base for gas supplies after the Nord Stream pipelines under the Baltic Sea were damaged last month by blasts. Both Nord Stream 1 and Nord Stream 2, connecting Russia and Germany, were damaged last month, spewing out a large amount of gas. With Nord Stream out of service, Miller said that Russia will start "concrete" talks with Turkey next week on proposals to route more gas their way. SECURITY FEARSThe Nord Stream blasts have heightened concerns over energy security in Europe as the conflict rages in Ukraine.

☆ Russia could deliver gas via Nord Stream 1, but not Nord Stream 2 - Germany
▼ + stars: | 2022-10-12 | by ( ) www.reuters.com time to read: +1 min

Pipes at the landfall facilities of the 'Nord Stream 1' gas pipeline are pictured in Lubmin, Germany, March 8, 2022. The spokesperson added, however, that if Russia wanted to resume gas deliveries it could do so via the Nord Stream 1 pipeline. read moreRegister now for FREE unlimited access to Reuters.com RegisterAsked if Germany ruled out receiving gas through Nord Stream 2, the spokesperson replied: "Yes." "No gas has come through the Nord Stream 1 pipeline because Russia did not deliver," the spokesperson added at a regular government news conference. "If Russia delivers through Nord Stream 1, there is no embargo against it at the moment.

The EU issues joint bonds for an up-to 800 billion euro ($879 bln) post-COVID recovery fund, on top of 92 billion euros sold for its SURE unemployment scheme. 3/ How would joint issuance be funded? EU officials calling for joint borrowing said it could resemble the SURE work programme. Since October 2020, the EU has raised just 260 billion euros for the recovery fund and SURE. That means recovery fund issuance may end up lower than 800 billion euros without changes to that programme, denting the EU's ambitions of becoming a top borrower.

☆ Nord Stream operator says three offshore gas pipelines damaged in one day
▼ + stars: | 2022-09-27 | by ( ) www.reuters.com time to read: +2 min

Pipes at the landfall facilities of the 'Nord Stream 1' gas pipeline are pictured in Lubmin, Germany, March 8, 2022. REUTERS/Hannibal Hanschke/MOSCOW, Sept 27 (Reuters) - Three offshore lines of the Nord Stream gas pipeline system on the bed of the Baltic Sea sustained "unprecedented" damage in one day, Nord Stream AG, the operator of the network, said on Tuesday. The bulletin was published after Sweden's Maritime Authority issued a warning about two leaks in the Nord Stream 1 pipeline, shortly after a leak on the nearby Nord Stream 2 pipeline was discovered that prompted Denmark to restrict shipping in a five nautical mile radius. Register now for FREE unlimited access to Reuters.com Register"The destruction that occurred on the same day simultaneously on three strings of the offshore gas pipelines of the Nord Stream system is unprecedented. read moreNord Stream 2, which runs almost in parallel to Nord Stream 1, was built in September 2021 but was never launched as Germany refused to certify it.

☆ Nord Stream AG operator says looking into decline in pressure in Nord Stream 1
▼ + stars: | 2022-09-26 | by ( ) www.reuters.com time to read: 1 min

Register now for FREE unlimited access to Reuters.com RegisterPipes at the landfall facilities of the Nord Stream 1 gas pipeline are pictured in Lubmin, Germany, March 8, 2022. REUTERS/Hannibal Hanschke/File PhotoSept 26 (Reuters) - Nord Stream AG, the operator of the Nord Stream 1 undersea gas pipeline from Russia to Germany, said Monday it was looking into causes of a drop in pressure in the pipeline. "Tonight, dispatchers from the Nord Stream 1 control centre recorded a pressure drop on both branches of the gas pipeline," it said in a statement. "The reasons are being clarified." Register now for FREE unlimited access to Reuters.com RegisterReporting by Reuters, Editing by Elaine Monaghan, Editing by Franklin PaulOur Standards: The Thomson Reuters Trust Principles.

Industrial facilities of the PCK oil refinery are pictured in Schwedt/Oder, Germany, May 9, 2022. REUTERS/Hannibal HanschkeWARSAW/BERLIN, Sept 22 (Reuters) - Poland will only help supply oil to Germany's PCK Schwedt refinery if Russia's Rosneft (ROSN.MM) is completely removed as a shareholder, Poland's climate ministry said, raising pressure on Germany to completely nationalise the refiner. Germany took control of the Schwedt refinery, which was majority owned by Rosneft Deutschland, last Friday as Berlin strives to shore up energy supplies. It put Rosneft Deutschland under a trusteeship of the German industry regulator but Rosneft still holds 54% of the company's shares. The Schwedt refinery previously received most of its crude from Russia and Berlin is now looking to other countries to supply Schwedt.

☆ German Jan-July gas import costs surge 164% as imports drop 25.5%
▼ + stars: | 2022-09-21 | by ( ) www.reuters.com time to read: +2 min

Pipes at the landfall facilities of the 'Nord Stream 1' gas pipeline are pictured in Lubmin, Germany, March 8, 2022. REUTERS/Hannibal HanschkeFRANKFURT, Sept 21 (Reuters) - German natural gas import costs rose by 164% in the first seven months of 2022 from a year earlier, even though imports were down by 25.5%, official monthly data showed on Wednesday. Gas data also correlates with coal, as both compete in the production of electricity, while also giving clues about demand for mandatory European Union carbon emissions permits. BAFA's statistics, which are published with a two-month delay, showed January-July imports at 2,282,849 terajoules (TJ), or 64.9 billion cubic metres (bcm), compared with 3,065,578 TJ a year earlier. As supply disruptions propelled gas prices to record highs, Germany's import bill increased to 38.3 billion euros ($37.86 billion) in the seven-month period, compared with 14.5 billion euros in the same period of 2021, the data showed.

PARIS/MADRID/BERLIN (Reuters) - European governments outlined new measures on Monday to cope with potential energy shortages this winter and raced to improve energy networks to share power, with Russian gas flows still running at severely reduced rates amid the Ukraine war. German buyers briefly reserved capacity on Monday to receive Russian gas via the Nord Stream 1 pipeline, once one of Europe’s major gas supply routes, for the first time since the line was shut three weeks ago. European politicians say that is a pretext and accuse Moscow of using energy as a weapon. Russian gas flows to Europe via Ukraine, although much reduced, have nevertheless continued. ‘NEVER’While French energy group EDF is racing to repair corrosion-hit nuclear reactors, “exceptional” measures this winter could include localised electricity cuts if the winter is cold and EDF’s plans are delayed, Wargon said.

☆ European gas buyers show brief interest in shuttered Nord Stream gas
▼ + stars: | 2022-09-19 | by ( ) www.reuters.com time to read: +3 min

Pipes at the landfall facilities of the 'Nord Stream 1' gas pipeline are pictured in Lubmin, Germany, March 8, 2022. Early on Monday, requests for gas - known as nominations - had emerged to ship gas via the German pipelines which connect Nord Stream 1 to end users. Nominations were visible on the websites of the German pipelines connecting Nord Stream 1 to end users, while the website of the Nord Stream 1 operator showed no nomination requests as of early Monday. Nord Stream 1 is by far the biggest Russian gas pipeline to Europe, carrying up to 59.2 billion cubic metres of gas per year. Buyers for the NEL gas pipeline nominated 14,291,845 kwh/h of gas during the same time period, based on data from NEL.

☆ Kremlin says Russia is reliable gas supplier, blames Europe for problems
▼ + stars: | 2022-07-21 | by ( ) www.reuters.com time to read: +2 min

[1/2] Pipes at the landfall facilities of the 'Nord Stream 1' gas pipeline are pictured in Lubmin, Germany, March 8, 2022. read moreThursday's flows were back at 40% capacity, Nord Stream figures showed. In a call with reporters, Kremlin spokesman Dmitry Peskov said that Russia remains "a very important and indispensable part of European energy security". He rebuffed accusations by some Western politicians, including European Commission President Ursula von der Leyen, that Russia was using energy supplies to "blackmail" Europe. He said that because of sanctions imposed by the European Union, Nord Stream 1 faced challenges in equipment maintenance.

Persons: Hannibal Hanschke, Vladimir Putin, Dmitry Peskov, Putin, Ursula von der Leyen, Peskov, David Goodman, Philippa Fletcher Organizations: REUTERS, Gazprom, Moscow, Siemens Energy, European, European Union, Reuters, Thomson Locations: Lubmin, Germany, Russia, Ukraine, Europe, Russian, Canada, Nord

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