#north-sea-job-cuts

#north-sea-job-cuts

"I now take lunch early and at my desk. This is a big cultural change because French meals can be long. This has been one of my adjustments."

After six weeks stranded in the Gulf, one of the 20,000 seafarers trapped by Iran's chokehold on the strait of Hormuz is reaching their limit. We're at anchor, near dozens of loaded tankers. No one has moved an inch.

The British Industrial Competitiveness Scheme (BICS) will be widened by 40 per cent, bringing an additional 3,000 firms under its umbrella. The scheme will exempt qualifying businesses from the indirect costs of three legacy green levies: the Renewables Obligation, Feed-in Tariffs and the Capacity Market.

A 'workable system' of transit and shipowner confidence in the security of the transiting vessels is essential. This includes availability of insurance for transiting vessels, facilitating commercial trade financing, and sustained outbound vessel transits through the Strait of Hormuz.

From 28 March, Prime Minister Mostafa Madbouly announced that emergency energy-saving measures will run for one month to reduce consumption and ease pressure on supplies.

Oil and gas companies have had their North Sea profits all but wiped out by a punitive energy profits levy that has made the UK virtually uninvestable.

The war in the Middle East is creating a major energy crisis, including the largest supply disruption in the history of the global oil market.