Plexus narrows losses as ‘reset and rebuild’ plan shows promise, but shares sink 12%
Losses narrowed at Plexus Holdings in 2018-19 as the oil-well-technology firm’s “rebuild and reset” plan showed promising signs.
Plexus
Updated: Plexus teams up with valve maker for Dyce-based venture
Dyce-based oil-well technology firm Plexus and a Newcastle valve maker have formed a joint venture to supply equipment North Sea operators are “crying out for”.
Plexus partner seals Gazprom drilling deal
Aberdeen-based oil well technology firm Plexus Holdings said today that its Russian licensee had clinched its first major contract to supply gas exploration equipment to Gazprom.
Plexus to buy back 5m shares from Russian partner
Plexus Holdings has agreed to buy back 4.95 million shares in the company from its Russian partner Gusar.
Plexus buys stake in Stonehaven-based engineering firm for £735k
Oil well technology firm Plexus Holdings has bought 49% of Kincardine Manufacturing Services (KMS) for £735,000.
Plexus bemoans ‘shackles’ on wellhead technology
Aberdeen-oilfield services firm Plexus has bemoaned conditions “holding back” the widespread adoption of its wellhead engineering technology.
Gazprom buys well abandonment systems from Aberdeen firm
Aberdeen oilfield technology firm Plexus has sold two sets of well abandonment equipment to its Russian partner for the construction of shallow water exploration gas wells on the Kara Sea Shelf.
Plexus tool to get run-out on North Sea well abandonment job
Aberdeen oil field technology firm Plexus has clinched an order to supply and rent its POS-SET Connector to Oceaneering in Norway.
Plexus chief ‘excited for the future’ after torrid few years
Ben van Bilderbeek, the inventor behind Pos-Grip wellhead technology said yesterday he and the firm he leads as chief executive were “excited for the future” after a torrid few years for the oil and gas industry.
Plexus blames drop off in exploration for widening losses
Aberdeen oilfield technology firm Plexus said today that a lack of North Sea exploration activity was to blame for its widening losses in the six months to December 31, 2017.
Plexus sells wellhead units to Russia in £1.4m deal
Aberdeen oilfield technology firm Plexus has sold two sets of wellhead equipment to its Russian partner for £1.4million.
TechnipFMC completes £42.5million purchase of Plexus Holdings “jack-up” business
Oilfield service giant TechnipFMC has announced it has completed the purchase of Plexus Holdings’ “jack-up” business in Aberdeen for £42.5million.
Plexus jobs safe after TechnipFMC swoops for jack-up business
Oilfield service giant TechnipFMC has struck a deal to buy Plexus Holdings’ Aberdeen-based “jack-up business” for up to £42.5million.
TechnipFMC strikes £42.5m deal for Plexus’ jack-up business
Oilfield service giant TechnipFMC has struck a deal to buy Plexus Holdings’ Aberdeen-based jack-up applications business for up to £42.5million.
Plexus to supply wellhead technology to Centrica’s Chiswick platform
Plexus Holdings has clinched a deal to supply Centrica with oilfield well equipment for a southern North Sea project.
Plexus gets first order from Russia
Oilfield well technologies firm Plexus Holdings has been handed a first purchase order by its Russian partner, Gusar.
Plexus narrows losses while activity shows signs of picking up
Plexus Holdings’ boss said yesterday that approaches for the Aberdeen firm’s oilfield well technologies were on the up as the downturn shows signs of abating.
Plexus wins order worth £230k for Oman well
Plexus Holdings said yesterday a new contract that will see its innovative oilfield technology used for a second exploration well offshore Oman was worth an estimated £231,000.
Plexus lands Middle East contract
Plexus has landed a Middle East contract worth $28,000.
Plexus shares dive after firm records 61% revenue slump
Plexus Holdings said today it had made progress in expanding its client base beyond its traditional North Sea stomping ground.
Plexus to tap investors to boost its balance sheet
Aberdeen firm Plexus Holdings is tapping new and existing investors for £6million in order to shore up its balance sheet.
Plexus Holdings agrees £6m placing of shares in bid to raise cash
Plexus Holdings said it has agreed the terms of a conditional placing to raise £6million by way of placing more than nine million new ordinary shares.
Plexus lands another wellhead order from Det norkse
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 raises $5million from new Russian shareholder as it looks east
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 wins additional purchase order from Det Norske
Plexus Holdings has received an additional purchase order from Det Norske to supply surface wellhead and mudline equipment services for an exploration well offshore Norway.