Aberdeen-headquartered energy procurement firm Craig International has reported an increase in turnover of more than 60% as the company nearly doubled its profits for the year ending April 2023.
New contracts worth £35 million are helping Aberdeen firm Craig International bounce back after a Covid-hit year of losses.
Craig International’s expansion into North America, the Middle East and South Africa reaped big rewards during the year to April 30.
An Aberdeen firm delivering vital services and supplies to the global offshore oil and gas industry said yesterday a new contract with Spirit Energy could be worth £21 million over seven years.
Investment in growing global market share has paid off at Craig International, the Aberdeen company’s owner said yesterday.
The price of fish has helped net an Aberdeenshire family a place in an annual list of the UK’s richest people for the first time.
Turnover for Craig Group’s emergency response business dropped nearly 20% in the financial year before its sale to international investors.
An Aberdeen-based shipping and oilfield procurement and services group has hailed its “robust” business despite measuring the impact of the oil and gas downturn on its balance sheet.
Aberdeen’s Craig Group has halted investment in new ships and ROVs as it as it battens down hatches to weather the industry downturn.
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.
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North Star Shipping has won a top health and safety award from the British Safety Council.
The Supermoon has been captured on camera in skies above a North Sea rig. The stunning image was one of many shared by people around the world after capturing the rare celestial event on film.
Oil company buyers spend 85% of their time managing only 15% of their spend according to a new survey carried out by Aberdeen-based Craig Interational.
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.
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.