Xcite Energy

Department for Business, Energy and Industrial Strategy written question – answered on 2nd March 2017.

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Photo of Steve McCabe Steve McCabe Labour, Birmingham, Selly Oak

To ask the Secretary of State for Business, Energy and Industrial Strategy, what recent representations he has received from Xcite Energy Limited shareholders.

Photo of Jesse Norman Jesse Norman Parliamentary Under-Secretary (Department for Business, Energy and Industrial Strategy)

The Department for Business, Energy and Industrial Strategy (BEIS) has received correspondence from Xcite Energy Limited shareholders in recent months, and I was sorry to hear of the impact the company’s recent insolvency has had on them. BEIS and the Oil and Gas Authority continue to monitor the situation. The arrangements surrounding the sale process and the marketing of the assets is a matter for the court-appointed liquidators who, I understand, have been in contact with shareholders to explain the position.

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