Plexus CEO Ben van Bilderbeek is weighing fundraising options to “extend the runway” 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 “real” 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 firm’s “rebuild and reset” 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 “crying out for”.
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 £735,000.
Aberdeen-oilfield services firm Plexus has bemoaned conditions “holding back” 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 “excited for the future” 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 £1.4million.
Oilfield service giant TechnipFMC has announced it has completed the purchase of Plexus Holdings’ “jack-up” business in Aberdeen for £42.5million.
Oilfield service giant TechnipFMC has struck a deal to buy Plexus Holdings’ Aberdeen-based “jack-up business” for up to £42.5million.
Oilfield service giant TechnipFMC has struck a deal to buy Plexus Holdings’ Aberdeen-based jack-up applications business for up to £42.5million.
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 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 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 has landed a Middle East contract worth $28,000.
Plexus Holdings said today it had made progress in expanding its client base beyond its traditional North Sea stomping ground.
Aberdeen firm Plexus Holdings is tapping new and existing investors for £6million in order to shore up its balance sheet.