China Announces Major Shale Oil Discovery

China announced on Wednesday the discovery of a major shale oilfield in the Daqing Oilfield cluster with expected reserves of 1.27 billion tons of oil, Chinese Xinhua news agency reported.

Daqing Oilfield is one of China’s major onshore production centers, and the new discovery is expected to help it boost its oil production in the coming years, according to Xinhua.

Daqing Oilfield, which saw the first exploration for shale oil in the 1980s, now has more than 40 wells producing crude.

China National Petroleum Corporation (CNPC) aims to boost shale oil production from shale formations in Daqing to reverse the decline in the production in the area, the state-held oil giant said on Wednesday, as carried by Reuters.

CNPC has increased efforts to research and drill for shale oil in the Songliao basin where Daqing is located. The company has identified shale oil bearing zones in the Gulong formation, CNPC … Read more

National Trust to give staff siestas in the summer months

The National Trust is giving its workers siestas in summer due to increasingly hot weather because of climate change.

Staff and volunteers in the south of England will be given more Mediterranean working hours, with a long lunch break and the day starting earlier and finishing later. This will allow them to avoid the hottest part of the day, as people already do in countries such as Italy and Spain.

A spokesperson for the charity said: “It’s fair to say that as we experience more extreme temperatures, we will be looking to offer Mediterranean working hours, especially in the east which is likely to experience more frequent higher temperatures to ensure the health and safety of our staff and volunteers.”

This has already begun at Ham House in Richmond, south London, which was forced to close for the first time in August 2019 as temperatures reached more than 40C. Staff … Read more

Open banking APIs in the UK

Generally, open banking is known as a banking practice that allows the interchange of data across banks and third-party financial service providers to their consumers’ benefit. By encouraging data sharing between financial institutions, open banking aims to transform the banking industry entirely.

Practically, this new banking practice forces account-holding financial institutions to create open access into their customer accounts to other financial service providers. Third parties can connect and retrieve previously-locked consumers‘ financial data thanks to open banking APIs, also known as Application Programming Interfaces.

APIs are software that allows to form a connection between two different applications and simplify the retrieval, exchange, and presentation of financial information.

Why do open banking APIs matter?

As open banking requires banks to deliver access to their customers’ data, banks become API providers. This new definition for banks means that banks build their open interfaces. These interfaces are available to any third-party services … Read more

Why a Career in Cybersecurity Might Be Right for You

Choosing a career path is one of the most challenging decisions you might ever make. You’re essentially planning how your life will play out, and it’s not a decision to make lightly. Many industry opportunities can present themselves, but one may pique your curiosity more than others. Cybersecurity might be worth a closer look, and here’s why:

Job Opportunities

One of the first things you might notice when you study cyber security online is how many job opportunities exist in this field. As technology advances, security risks can increase, and businesses want to protect their assets at all costs.

A significant shortage of cybersecurity professionals means that you may have no problems securing a role in your preferred line of work after completing your studies. Further education to become a penetration tester or security architect might even see you more in demand, allowing you to enjoy competitive salaries and other … Read more