 Fraser was also an adviser on oil affairs to the British government for many years, notably as petroleum adviser to the War Office and as chairman of the Oil Advisory Committee.Fraser was knighted in 1939 and in 1955 he was raised to the peerage as Baron Strathalmond, of Pumpherston in the County of Midlothian.Lord Strathalmond married Mary Roberton McLintock (born 11 April 1892, died 17 October 1963), daughter of Thomas McLintock, in 1913.