The estimated size of an oil find near Gatwick Airport has been upgraded to 100 billion barrels by a company backing exploration of the area.
UK Oil & Gas Investments (UKOG) said the Horse Hill-1 well in the Weald Basin was now thought to hold 158 million barrels per square mile.
In May 2014, the British Geological Survey estimated the Weald Basin to hold around 4.4 billion barrels of shale oil. Continue reading
Former Intel Committee Head: Iran now a ‘world class’ cyber threat
Iran has emerged as a leading cyber threat and has already hacked into the U.S. defense establishment and financial institutions, likely with the help of the Russians, according to a former chairman of the House’s Permanent Select Committee on Intelligence.
Iran has boosted its cyber capabilities in a “surprisingly” short amount of time and possesses the ability to launch successful cyber attacks on American financial markets and its infrastructure, former Rep. Peter Hoekstra (R., Mich.) told a panel of lawmakers on Tuesday.
The Iranian regime’s emergence as a “world class” cyber threat likely has to do with its close ties to Russia, according to Hoekstra, who warned during a hearing on Iran’s global terror activities that the two countries will only boost coordination on the cyber front in the coming months. Continue reading