Aberdeen-based Plexus plans returns to roots in search of profits
Aberdeen-headquartered Plexus (LON: POS) plans a return to return to a market it left four years ago after another set of losses in its half-year results.
Aberdeen-headquartered Plexus (LON: POS) plans a return to return to a market it left four years ago after another set of losses in its half-year results.
Oil and gas businesses need to take action on methane emissions in order to prove to critics they are โreal washingโ and not โgreen washingโ their credentials, the boss of a subsea technology company has said.
Plexus is toasting a โnumber of positive milestonesโ after the firm published its preliminiary results for the year.
Bosses at Plexus said today they were projecting higher revenues in the second half of the wellhead technology firmโs financial year on the back of a deal with Spirit Energy.
Plexus CEO Ben van Bilderbeek is weighing fundraising options to โextend the runwayโ for the business, which has been faced with years of losses but may now be on the verge of success.
Bosses at a north-east precision engineering firm are hoping more oil and gas industry projects kick into gear next year after making hefty investments in new kit.
Plexus Holdings has given an optimistic outlook, hailing โrealโ signs of recovery, despite year-on-year revenues taking a nosedive due to Covid.
Millions of pounds spent in wellhead intervention could be a thing of the past, extreme tests on Aberdeen-developed technology reveal.
Losses narrowed at Plexus Holdings in 2018-19 as the oil-well-technology firmโs โrebuild and resetโ plan showed promising signs.
Dyce-based oil-well technology firm Plexus and a Newcastle valve maker have formed a joint venture to supply equipment North Sea operators are โcrying out forโ.
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 Holdings has agreed to buy back 4.95 million shares in the company from its Russian partner Gusar.
Oil well technology firm Plexus Holdings has bought 49% of Kincardine Manufacturing Services (KMS) for ยฃ735,000.
Aberdeen-oilfield services firm Plexus has bemoaned conditions โholding backโ the widespread adoption of its wellhead engineering technology.
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.
Aberdeen oil field technology firm Plexus has clinched an order to supply and rent its POS-SET Connector to Oceaneering in Norway.
Ben van Bilderbeek, the inventor behind Pos-Grip wellhead technology said yesterday he and the firm he leads as chief executive were โexcited for the futureโ after a torrid few years for the oil and gas industry.
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.
Aberdeen oilfield technology firm Plexus has sold two sets of wellhead equipment to its Russian partner for ยฃ1.4million.
Oilfield service giant TechnipFMC has announced it has completed the purchase of Plexus Holdingsโ โjack-upโ business in Aberdeen for ยฃ42.5million.
Oilfield service giant TechnipFMC has struck a deal to buy Plexus Holdingsโ Aberdeen-based โjack-up businessโ for up to ยฃ42.5million.
Oilfield service giant TechnipFMC has struck a deal to buy Plexus Holdingsโ Aberdeen-based jack-up applications business for up to ยฃ42.5million.
Plexus Holdings has clinched a deal to supply Centrica with oilfield well equipment for a southern North Sea project.
Oilfield well technologies firm Plexus Holdings has been handed a first purchase order by its Russian partner, Gusar.
Plexus Holdingsโ boss said yesterday that approaches for the Aberdeen firmโs oilfield well technologies were on the up as the downturn shows signs of abating.