Michael Shanks

Michael Shanks

Labour — Rutherglen

Speaking in the House of Commons on 27 October 2025

Debate

North Sea Oil and Gas Industry

Contribution

We have obviously been liaising with the company over quite a long period of time on the restructuring; indeed, the previous Government did as well. We have been looking at this issue and will continue to work very closely with the company to ensure that there is a viable long-term future for the UK part. But it is an in-demand business and, as I said just last month, it expanded some of its contracts, which shows that it is successful. Of course, it has a highly skilled workforce working in a huge range of jobs right across oil and gas. The wider question about investment into renewables is also one that we should take seriously. We have a huge opportunity in the United Kingdom to capitalise on the economic opportunities that come from offshore and onshore wind, hydrogen and carbon capture, but that requires consistency and a view that the UK is a safe place to invest—things that were threatened by the Conservatives.

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