Energy Secretary Ed Davey said the oil and gas industry is a vital strategic resource.
"With our support for carbon capture and storage, for decommissioning and by encouraging increased collaboration across different energy sectors, especially offshore, there will also be new sustainable growth opportunities for the industry and the wider UK supply chain."
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Export income also rose compared to the previous year.
The news comes as an inquest is due to open for Dawn Sturgess, who died days after apparently coming into contact with Novichok.
The £55.7 billion project will “fundamentally” change how Britons view rail travel, the Government-backed firm behind the scheme says.