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Craig International

OTC

OTC 2016: Craig International launches new spare equipment trading platform

Global oilfield procurement firm Craig International is today launching a new online platform to help companies buy and sell spare equipment at knock-down prices. Craig International, part of Aberdeen-headquartered energy service and shipping business Craig Group, said oil and gas companies have billions of pounds worth of stock gathering dust and racking up storage costs in warehouses. At the same time, companies are needlessly buying new equipment when it would be cheaper and more efficient to purchase used gear from their counterparts.

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.