North Sea Oil and Gas Industry

Desmond Swayne Excerpts
Monday 27th October 2025

(1 day, 17 hours ago)

Commons Chamber
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Michael Shanks Portrait Michael Shanks
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We know that winter has come when the hon. Gentleman turns up in his lovely knitted jumpers; it is a pleasure to see them back again. He and I have had a number of conversations on this issue, and I recognise how seriously he takes it. There have been some good moves recently to look at the legacy left behind, particularly housing. This is about building housing that suits the workforce, but can be left behind for communities afterwards. We need a lot of work in partnership with the Scottish Government, who have responsibility for housing policy, to make sure that the opportunities are taken forward. The Minister for energy consumers, my hon. Friend the Member for Inverclyde and Renfrewshire West (Martin McCluskey), will say much more in due course about our plan for warm homes. That will result in significant spending in Scotland, but that will be in the hands of the Scottish Government, who have cut this budget time and again. I hope that they will change their ways, and will help the hon. Gentleman’s constituents to have warmer homes this winter.

Desmond Swayne Portrait Sir Desmond Swayne (New Forest West) (Con)
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Has the Minister made any estimate of the likely impact on Petrofac and similar enterprises of the extension of the energy profits levy?

Michael Shanks Portrait Michael Shanks
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As I have said in a number of answers, the UK arm of Petrofac is a successful and growing business. Its holding company went into administration today due to a number of factors, including the loss of an international contract. It is nothing to do with our policy in the North sea.