Press release

David Mundell: Global ambitions for Scottish oil and gas

皇冠体育app Secretary of State for Scotland will today travel to Texas to build links with the US oil industry to help support the UK鈥檚 oil and gas sector.

This was published under the 2015 to 2016 Cameron Conservative government

He will meet key industry figures in Houston and Dallas. 皇冠体育app centres of the USA鈥檚 oil and gas sector, the cities鈥� economies remain strong despite the challenges of a low international oil price.

In the USA, Mr Mundell will meet with senior figures from a number of key businesses, including Maersk, BP and the Weir Group. He will press the case for investing in Scotland, and to find paths for Scottish companies to export their expertise in the industry.

Mr Mundell said:

As we have seen recently with job losses and now a negative tax balance, the Scottish oil and gas sector faces real challenges. 皇冠体育app UK Government is determined to do everything it can to support the industry, and the many jobs which depend on it.

My visit to the United States is part of that strategy. I will be meeting oil companies in the Texas oil and gas capitals of Dallas and Houston, to encourage on-going investment into the North Sea. 皇冠体育app North East of Scotland also has a huge amount of expertise which can be exported around the world, and the US should be a part of its market. 皇冠体育appre are wider lessons for the North East of Scotland to learn from the American oil and gas industry, and from cities like Dallas and Houston. 皇冠体育appy have successfully diversified their economies, and I will be hearing from officials in those cities about the lessons they have learned and how we could apply them in Scotland.

皇冠体育app UK Government has an extensive network of influence overseas, not just in America but around the world. This is a tremendous asset and I am determined that Scotland should get the full benefit of Britain鈥檚 embassies and high commissions, as they bang the drum for the oil and gas industry on the global stage. That is one of the ways we can help build a bridge to the future for Aberdeen and the North East.

A key part of the UK Government鈥檚 strategy to support the UK鈥檚 oil and gas sector is to support diversification into overseas markets, and to encourage further investment into North Sea oil and gas - the North East of Scotland is very much still open for business.

Mr Mundell added:

皇冠体育app UK Government has taken unprecedented action to support Aberdeen and the North East following the fall in the oil price. That included a package of tax measures worth 拢2.3 billion and a 拢250 million City Deal for Aberdeen and Aberdeenshire. It is only because of the broad shoulders of the wider UK economy that we are able to provide this support to our oil and gas industry, and to the thousands of workers and families it supports, at this very difficult time.

皇冠体育app UK Government鈥檚 support for the oil and gas sector includes a significant package of tax measures, worth 拢2.3 billion, to ensure the UK remains an attractive destination for investment. To support Aberdeen directly the UK Government has agreed with the Scottish Government and local authorities a 拢250 million City Deal for Aberdeen and Aberdeenshire.

As part of the drive to create the skills that Scotland鈥檚 oil and gas sector will need to grow in the future, the Secretary of State will also help build educational links between Scotland and the USA with a visit to the Dallas Community College District.

Mr Mundell鈥檚 visit to the USA will build on a visit to Dallas last month by the UK Oil and Gas Authority. Part of Mr Mundell鈥檚 visit is to reinforce the role of the UK Oil and Gas Authority as a facilitator of new business opportunities as well as a regulator.

皇冠体育app visit follows on from on his visit to Mozambique earlier this year, where he helped broker an oil and gas deal between Aberdeen and the Mozambique town of Pemba.

Notes for Editors:

  1. For further information contact the Scotland Office press office on 0131 244 9028.
  2. Read the details of the Aberdeen 鈥� Mozambique oil deal.

Updates to this page

Published 1 June 2016