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Craig Group

Middle East

Craig Group heralds Middle-East expansion with contract award

A global oil field procurement firm headquartered in Aberdeen said yesterday it had opened its first Middle-East bases after tying up a deal to manage a Qatari operator’s budget. Craig International, part of family-owned energy service and shipping company Craig Group, will be handed about £7.5million every year for five years to provide the operator with a range of procurement services. Craig International, which has a network of more than 60 buyers in six countries, did not disclose the name of the client.

Oil & Gas

Video: Craig Group boss says Budget must support investment in North Sea drilling

The managing director of Craig Group has called for more investment in North Sea drilling as the Chancellor George Osborne prepares to deliver the first Conservative budget in 18 years. Douglas Craig was speaking at North Star Shipping’s unveiling of the vessel Grampian Devotion. Earlier this week, the Chancellor was urged to use the budget to tackle a “recession in confidence” in the North Sea sector, which has affected the north-east economy.

North Sea

Craig Group adds new rescue vessel to fleet

The head of Aberdeen-based Craig Group yesterday swatted away any suggestions the firm may be experiencing buyer’s remorse after its shipping division added a new vessel to its fleet. A number of North Sea oil and gas companies have been forced to the wall this year after their ambitious spending plans failed to reap rewards as orders tailed off amid the oil price slump. But Craig Group’s boss said its outlay on emergency response and recovery vessels would safeguard hundreds of jobs at the privately owned, family-run shipping and energy services company.