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Written question asked by Iain Wright (Labour) on Friday, 20 February 2015, in the House of Commons. It was due for an answer on Tuesday, 24 February 2015. It was answered by Matt Hancock (Conservative) on Tuesday, 3 March 2015 on behalf of the Department for Business, Innovation and Skills.


Offshore Industry: North East

Question

To ask the Secretary of State for Business, Innovation and Skills, what assessment he has made of the effect of the recent fall in the price of oil on (a) projects, (b) employment prospects and (c) long-term competitiveness and capacity in the offshore sector supply chain in the North East of England; and if he will make a statement.

Answer

We recognise the important role that businesses in the North East of England play in the oil and gas offshore sector supply chain. No specific assessment has been made of the effect of the recent fall in the price of oil on business in the North East of England, but the Department continues to work with its local offices to monitor the situation. I am planning to visit Newcastle shortly to gain first-hand knowledge of the issues.


Secondary information

Type
Written question
Reference
224602
Session
2014-15
Subjects
Oil Prices Offshore industry North East
Link
View this Written question on www.parliament.uk