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OIL AND GAS
USS Nitze sails into contested waters off coast of Venezuela
by Christen Mccurdy
Washington DC (UPI) Jun 23, 2020

Stock image of a Arleigh Burke-Class Destroyer.

The USS Nitze sailed into contested waters off the coast of Venezuela Tuesday in what the Navy describes as a "freedom of navigation operation" contesting "an excessive maritime claim" by Venezuela.

According to the Navy, Arleigh Burke-class guided missile destroyer conducted the operation outside of Venezuela's 12-nautical-mile territorial jurisdiction -- an area the Maduro regime claims control over.

"The U.S. Navy routinely conducts freedom of navigation operations around the world to preserve the maritime navigation and access rights guaranteed to all nations and vital to the global mobility of U.S. forces," said the Navy's press release on the operation.

The Navy and Coast Guard are currently operating in the Caribbean as part of a counter-narcotics operation announced earlier this spring.

"The United States will continue to fly, sail and operate wherever international law allows, preserving the rights, freedoms and lawful use of the sea and airspace guaranteed to all nations," said Adm. Craig Faller, Commander of U.S. Southern Command. "These freedoms are the bedrock of ongoing security efforts, and essential to regional peace and stability."


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Oil forecasting technique adapted for spreadsheets may cut shale operator costs
College Station TX (SPX) Jun 23, 2020
Porous rock containing oil and natural gas are buried so deep inside the earth that shale operators rely on complex models of the underground environment to estimate fossil fuel recovery. These simulations are notoriously complex, requiring highly-skilled operators to run them. These factors indirectly impact the cost of shale oil production and ultimately, how much consumers pay for their fuel. Researchers at Texas A and M University have developed an analytical procedure that can be used in spre ... read more

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