North Sea Oil and Gas Industry

Harriet Cross Excerpts

Monday 27th October 2025 Commons Chamber

[Michael Shanks]

My hon. Friend is absolutely right that huge opportunities are coming. I have said that we should be proud of the history of oil and gas, and we should also be really proud of what the industry is doing to transition into the future. We need to do much more to ensure that jobs are delivered now, but certainty and confidence that the plan is not going to change overnight is critical for how we get private sector investment into the UK to deliver on those jobs. That is also why it is so important that we look at skills in the round.

I have to say that, despite the outbursts today, the SNP in Holyrood and the UK Government are working closely on ensuring that the skills opportunities are delivered. Would I like that to go further? Of course I would, and I hope we will have a change of Government and can make that happen. This only works if we have a serious approach to recognising the challenges, building the jobs of the future and ensuring that people can take advantage of the opportunities right across Scotland.

[Harriet Cross (Gordon and Buchan) (Con)]

We urgently need to restore confidence and stability in our oil and gas sector, or we will be here again and again as more and more businesses suffer and more and more jobs are lost, whether in my constituency, across north-east Scotland, in Scotland as a whole or in the UK as a whole—there are oil and gas and energy jobs everywhere in the UK. The future of Petrofac’s 2,000 skilled and expert staff, as well as the indirect jobs that rely on them, are now at risk and reliant on Petrofac being able to find a buyer for its North sea assets. Does the Minister think that the job of finding a buyer has been made more or less likely, given that the Government have created, in the industry’s words, “the most unstable fiscal” environment “in the world”?

[Michael Shanks]

I have enormous respect for the hon. Lady, but I have to say that this is not the day to be talking down this particular company. She can make the wider points about this Government’s policy—I totally recognise that—but this is a hugely important moment in which not to undermine a successful and growing company. We need to ensure that the suppliers, related companies and customers of Petrofac continue to support that business, because as of today it is operating as normal. It is incumbent on us all to ensure that that continues to be the case. We are working closely with the company to ensure that that outcome is delivered—the hon. Lady is right to mention the wider impact—but those 2,000 jobs and the supply chain jobs that rely on them have continued as normal today, and any suggestion to the contrary is just not correct.