North Sea Oil and Gas Industry

Jim Shannon Excerpts

Monday 27th October 2025 Commons Chamber

[Michael Shanks]

Let me say to the hon. Gentleman’s constituents, and indeed to anyone’s constituents, that over the past few years they have been paying the price for what happens as a result of our exposure to fossil fuels. The last Government had to spend tens of billions of pounds on reducing people’s bills because of that exposure. The hon. Gentleman may have forgotten about that, but I can tell him that his constituents will not have, because they are still paying the price for it. This Government are determined not to make the same mistake again. The Opposition are willing to go back to the fossil fuel casino again and again and hope that it gives them a better hand, but we are going to build the clean power system of the future and bring down bills for good.

[Jim Shannon (Strangford) (DUP)]

I have a number of constituents who depend on the North sea oil and gas industry for their employment. The Minister will be aware that if a buyer is not found, the knock-on effect will not be limited to those families facing redundancy, but will affect our nation’s energy security. Does the Minister accept that the uncertainty of Government support has had an effect on the future sustainability of the industry, and that we should be realistic and acknowledge that the Government need to continue to invest in the industry until we approach that far-off time when, just perhaps, we do not need oil and gas?

[Michael Shanks]

I always welcome the hon. Gentleman’s contributions in our many debates on energy, both here and in Westminster Hall. He is right that the impact of job losses goes well beyond the individuals, although I reiterate that in this case there have been no job losses in the UK; Petrofac continues to be successful, and it is in all our interests to make sure that remains the case.

On the hon. Gentleman’s wider question, I know that the impact is felt on supply chain jobs in his constituency and across the country. That is why we need to build up the new energy infrastructure here as well. For too long, all those offshore wind platforms that were towed into British waters gave jobs to other countries, instead of creating jobs here in the UK. We are determined to do something different. We are driving forward investment in the supply chains to make sure that there is a viable future for his constituents and for those across the country.