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.
Plexus
‘Real washing’ not ‘green washing’ – oil and gas industry needs to take action on emissions, boss says
Oil and gas businesses need to take action on methane emissions in order to prove to critics they are “real washing” and not “green washing” their credentials, the boss of a subsea technology company has said.
Plexus celebrates near quadrupling in full year revenue
Plexus is toasting a “number of positive milestones” after the firm published its preliminiary results for the year.
Plexus banking on higher revenues in second half on back of Spirit deal
Bosses at Plexus said today they were projecting higher revenues in the second half of the wellhead technology firm’s financial year on the back of a deal with Spirit Energy.
Plexus: Bilderbeek weighs fundraising options to ‘extend the runway’ for business
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.
KMS hoping to reap rewards of hefty investment in new kit
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 looks to ‘signs of recovery’ despite revenues taking a nosedive
Plexus Holdings has given an optimistic outlook, hailing “real” signs of recovery, despite year-on-year revenues taking a nosedive due to Covid.
Firm predicts seven-figure revenue boost from wellhead tech
Millions of pounds spent in wellhead intervention could be a thing of the past, extreme tests on Aberdeen-developed technology reveal.
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.
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.