Here are the top business stories making the headlines in the morning newspapers.
Recruitment drive by DNV
DNV has moved into a new base in Aberdeen after nearly 25 years, and is making a recruitment push for dozens of new jobs.
The certification and technical advisory firm, whose offshore energy business is based out of the city, has taken up a new base at the Aberdeen International Business Park in Dyce.
DNV, which has around 120 staff in Aberdeen, expects to recruit at least another 100 in the UK this year with more globally.
The new base replaces DNV's former site at Cromarty House at Regent Quay, which has been its Aberdeen facility since December 1997.
Hari Vamadevan, regional director for UK and Ireland at DNV Energy Systems, told Energy Voice: "DNV has always been committed to Aberdeen, it's still a crucial place for us, the home of our offshore business.
"The lion's share of it is oil and gas. Yes, we do offshore wind, and DNV is big in renewables, but I don't think we should be afraid to say we're also big in oil and gas and the decarbonisation of oil and gas."
Only small chance of global warming staying under 1.5C
The carbon-cutting promises made at COP26 could see the world warm by just under 2C this century, according to a new analysis.
The BBC says the study found that if all the pledges made by countries are implemented "in full and on time", temperatures would rise by 1.9C to 2C.
However, there is far grimmer news on the idea of keeping warming under 1.5C. The research found there is just a 6-10% chance of staying under this key threshold.
When political leaders met in Glasgow last November, many of them brought new and improved plans to reduce their carbon emissions.
Others, such as India, announced new, long-term targets to bring their CO2 output to net zero.
The focus of the meeting was to try to improve the pledges so that global temperatures this century don't rise by more than 1.5C above the levels recorded in the middle of the 19th Century.
North Sea rigs could be sold to allow merger
Maersk Drilling and Noble Drilling are preparing to sell some rigs currently stationed in the North Sea, in order to get over competition hurdles.
The firms announced plans to merge in November, but UK competition authorities revealed in February an investigation into whether this will impact goods and services in the market.
Energy Voice says Maersk and Noble expect it will be necessary to sell certain jack-up rigs located in the North Sea to satisfy the Competition and Markets Authority (CMA).
They said that the "remedy rigs" comprise the Noble Hans Deul, Noble Sam Hartley, Noble Sam Turner, Noble Houston Colbert and a CJ-70 design rig, which is expected to be the Maersk Innovator, or potentially the Noble Lloyd Noble.
Under the proposed deal, Maersk and Noble shareholders will own 50% each of the combined firm.
Warning that Germany at risk of 'sharp recession'
Cutting off Russian gas to the EU is likely to cost Germany more than £180billion in lost output and trigger a recession across the Continent, as experts warn about the bloc's dependency on the Kremlin for energy.
Think tanks advising the German Government said its economy would take a 6.5% hit from the loss of Russian gas, while Moody's warned of energy rationing in countries reliant on Russia for supplies.
The Telegraph says that Europe gets about 40% of its gas from Russia and about 25% of its oil - meaning it is providing the Kremlin with a vital source of cash even as Vladimir Putin continues his attack on Ukraine.
The EU has set out plans to end imports of Russian coal, but has so far failed to reach agreement on a full energy embargo.
Germany gets almost half of its gas from Russia and its finance minister Christian Lindner warned earlier this month that a ban "would inflict more damage on ourselves than on them".
In a report on Wednesday, economic think tanks said an immediate halt to Russian gas would trigger a "sharp recession" in Germany, with inflation partly caused by the war already acting as a brake on growth this year.
French beauty brand keeping shops open in Russia
L'Occitane says it will keep its shops in Russia open, despite the invasion of Ukraine.
The French beauty firm told the BBC it had discussed closing its stores "at length" but said it had not because it wanted to protect staff from potential retaliation.
Hundreds of international brands including L'Oreal and Estee Lauder have already closed shops and ceased online sales in Russia in protest at the war.
Some customers criticised L'Occitane for its decision, and called for a boycott of the brand which is sold at more than 3,085 retail outlets worldwide.