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5 Things You Need To Know, Today, on Tuesday 22nd March 2022
5. Britain will likely run a North Sea offshore oil and gas licensing round for existing discoveries this year, a spokesperson for the Oil and Gas Authority (OGA) has said.
The OGA, which is changing its name to the North Sea Transition Authority (NSTA), can hold the licensing round as soon as the government has completed its work on a new climate compatibility framework for oil and gas production.
4. Indian agency workers hired to replace P&O Ferries crews in Dover are being paid £1.81 an hour, a union claims.
The Rail, Maritime and Transport union (RMT) said the low pay was a "shocking exploitation" and "a betrayal of those who have been sacked".
3. Energy giant Shell is reconsidering its recent decision to pull investment from a large new UK oil field.
In December, Shell said the economic case - along with possible regulatory delays - meant it was withdrawing from the Cambo oil field, which is 75 miles off the west coast of Shetland however since this decision price of crude oil has now doubled in price to over $100 per barrel.
2. India's aviation regulator has placed the country's fleet of Boeing 737 planes under "enhanced surveillance" after a jet crashed in China.
On Monday, a China Eastern Airlines Boeing 737-800 crashed in southern China with 132 people onboard.
1. The UK arm of Russian gas giant Gazprom could be placed into administration in the coming days.
Bloomberg reported the government is preparing to step in and temporarily run Gazprom Marketing & Trading Retail Ltd, which supplies thousands of organisations across the UK.