Here are the top business stories making the headlines in the morning newspapers.
North Sea project could yield hundreds of millions of barrels of oil
The company behind a massive North Sea redevelopment that could yield millions of barrels of oil says it is "hopeful for the future" of the project.
Bridge Petroleum is "working very hard" to find an investor for its Galapagos scheme after a farm-out process to find a partner was initially launched in 2018.
The bounce-back in the oil price, combined with the lifting of Covid-19 restrictions, means "things are looking up" for the scheme, according to Jeb Tyrie, the firm's head of technical.
Previously dubbed a "dormant Brent giant", Galapagos includes the amalgamation of the former North West Hutton and Darwin fields east of Shetland.
Back in 2018, Bridge said there was a "high level" of interest in the project from potential partners.
Energy Voice says Galapagos has predicted reserves of 81million recoverable barrels of oil for stage one.
Musk would reverse Trump's ban from Twitter
Elon Musk says if his bid to buy Twitter is successful he will reverse Donald Trump's ban from the platform.
The richest person in the world agreed a £34.5billion takeover bid with the Twitter board last month.
But the BBC reports he said it was not a done deal and that ideally it would be completed in the next two to three months.
Twitter's decision to ban the former US president was "morally wrong and flat-out stupid", said Mr Musk.
In January 2021, Twitter said Mr Trump's account was "permanently suspended... due to the risk of further incitement of violence" following the storming of the Capitol.
But the Tesla owner said: "I would reverse the permanent ban, but I don't own Twitter yet so this is not a thing that will definitely happen."
He said the ban had not silenced Mr Trump, but by making him move onto his own Truth Social site, it had amplified his voice among the far right.
Call for temporary prohibition of new waste-to-energy incinerators in Scotland
A moratorium on new waste-to-energy incinerators should be introduced immediately in Scotland, a review has concluded.
Ministers ordered the report amid growing concern that the industry was "locking in" waste by creating a demand at incinerator sites.
Six sites currently operate in Scotland, with a further 10 going through the planning process.
The BBC says the Scottish Government welcomed the report and will respond fully in June.
The growth in incineration comes ahead of a ban from 2025 on sending residual waste to landfill.
The report, called Stop, Sort, Burn, Bury? follows an independent review by Colin Church, chief executive of the Institute of Materials, Minerals and Mining.
Energy Security Bill unveiled
Yesterday's Queen's Speech saw the UK Government vow to continue capping household energy bills beyond 2023 in a bid to ease a spiralling cost-of-living crisis, amidst a host of other measures aimed at shoring up cleaner, home-grown energy supplies.
An Energy Security Bill also contained measures aimed at creating "state-of-the -art" business models for carbon capture usage and storage, low carbon hydrogen and capturing carbon from industrial processes, and plans for a new UK Infrastructure Bank which would draw on £22billion to help grow the economy and support the transition to net zero by 2050.
Prime Minister Boris Johnson said: "We will lay the foundations for longer-term growth, showing leadership not just by dealing with the problems of today but ensuring we are better prepared for tomorrow.
"Our new Energy Security Bill will not only accelerate our transition to more secure, more affordable and cleaner homegrown energy supplies, it will also encourage the creation of tens of thousands of high-skill, high-paid jobs."
Responses to the bill from across the energy sector were broadly positive, according to Energy Voice.
Trade body Offshore Energies UK pressed the Government to enact the bill by the end of 2022, in a bid to "minimise any uncertainties" over the future rules and taxes affecting the oil and gas sector.
Doing so would encourage investors to invest in the oil and gas required in the short-term, while allowing the same companies to build future energy systems for offshore wind and hydrogen production, it said, pointing to a potential £250billion of investment planned on the UK continental shelf by 2030.
More than a million households could have problems paying their bills
An estimated 1.5 million households across the UK will struggle to pay food and energy bills over the next year, as rising prices and higher taxes squeeze budgets, according to new research.
The National Institute of Economic and Social Research (NIESR) predicted the UK will fall into recession this year.
It called on Chancellor Rishi Sunak to do more to stop people sliding into debt and destitution.
The BBC reports that the Treasury said it is providing support to households.
In its latest quarterly outlook of the UK economy, NIESR warned that a combination of rising prices and measures announced in the Chancellor's Spring Statement - such as the decision not to scrap a planned rise in National Insurance tax - are hitting the poorest households hardest.
Inflation - the rate at which prices rise - is at a 30-year high, as the Ukraine war drives up fuel and energy prices.