Shell has announced plans for between 7,000 – 9,000 job cuts from its global workforce by the end of 2022.
Canadian oil producer Cenovus Energy said it may sell up to $5billion of stock, debt or other securities.
A taskforce set up after it was revealed the coal-fired Longannet power station was set to close has met for a second time in a bid to help those who face job losses. It is expected Scottish Power will know by the end of October how many Longannet employees wish to take redundancy, seek redployment within the company or find new employment. The Energy Minister Fergus Ewing said detailed work had been taking place by Scottish Power, local councils and the Scottish Government and Scottish Enterprise to help with an economic recovery plan.