Plexus Holdings warned today its revenue for the current trading year was “running materially behind expectations”.
Ben Van Bilderbeek
Engineering firm Plexus Holdings has received its ninth order since 2012 from Det norske to supply surface wellhead and mudline equipment services for the Langfjellet exploration well offshore Norway, worth around £600,000.
Plexus Holdings, the Aberdeen-based engineering services company, has raised $5million through a share subscription agreement with Russian oil and gas equipment manufacturer Gusar.
Plexus Holdings, the Aberdeen-based engineering firm, has suspended its dividend to shareholders as it reported a £3.5million loss in the second half of 2015 and reduced its headcount by 50.
Plexus Holdings, the Aberdeen-based engineering specialist, has signed a deal with Talisman in Malaysia to supply a wellhead system for an offshore exploration well.
Plexus Holdings said today a new Russian licensing deal would help in its mission to diversify business from the UK North Sea.
Plexus Holdings’ boss Ben van Bilderbeek said today a record-breaking trading performance by the firm was all the more impressive against a background of woes in the oil and gas industry.
Oil and gas engineering firm Plexus Holdings has appointed Lawrence Rucinski as its North America president as it aims to consolidate its position in the US and Asian markets.
Oilfield technology firm Plexus Holdings said yesterday it had struck a “transformational” deal with a Chinese partner, selling a small stake in return for access to new markets.
Aberdeen company Plexus Holdings will unveil its new subsea wellhead, developed in partnership with Python consortium partners, on September 8 during the city's Offshore Europe oil and gas show.