Surge in sales puts Plexus Holdings back in the black
Aberdeen based Plexus Holdings (AIM: POS) has surged back into the black with £2.2m pre-tax profits in its half-year results.
Plexus Holdings
Plexus wins £175K North Sea contract with Neptune Energy
Plexus Holdings (AIM: POS) has won a £175,000 UK North Sea contract with Neptune Energy.
SLB to deploy Plexus technology in new North Sea well plugging project
Aberdeen oil and gas engineering services firm Plexus Holdings has been awarded an equipment contract for a new North Sea plug and abandonment (P&A) project by SLB (NYSE: SLB).
Plexus lands £500,000 order from Oceaneering for North Sea decom campaign
Aberdeen-headquartered oilfield services firm Plexus Holdings has won a £500,000 order from Oceaneering.
Plexus noticing ‘quite a pickup’ in enquiries off the back of North Sea ‘resurgence’
The boss of Aberdeen-headquartered Plexus Holdings (LON: POS) is forecasting a “significant resurgence” in North Sea activity.
Oil services firms under pressure as Scot Gov says to ‘sever links’ with Russia
Oil and gas services firms are under increasing pressure to cut links with Russia, in a bid to ratchet up economic pressure in the wake of Russia’s invasion of Ukraine.
Oilfield tech firm Plexus to take £650K hit as it ‘suspends activities’ in Russia
Aberdeen-headquartered Plexus Holdings has announced it will “suspend activities” with its partner in Russia in light of the war in Ukraine.
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.
Plexus lands Schlumberger deal for wellhead tech through to 2030
Schlumberger will grant Aberdeen-headquartered Plexus Holdings royalties and a $500,000 lump sum payment after agreeing a multi-year licensing deal for its tech.
Plexus Holdings narrows losses to £2.3million
Depreciation costs, corporation tax and discontinued operations have led to heavy losses for Aberdeen-based Plexus Holdings.
Stonehaven parts maker to double headcount after cash injection
A cash injection at a north-east precision engineering firm is expected to spark a recruitment drive over next few years.
Further heavy losses for Plexus despite ‘game-changing’ TechnipFMC deal
Aberdeen-based Plexus Holdings has posted further heavy losses despite a “game-changing” deal with TechnipFMC.
Plexus shares sink after sluggish orders warning
Shares in Plexus Holdings sank 5.68% to 60.25p yesterday after the Aberdeen oil engineer warned of a sluggish order book recovery.
Plexus pins its hopes on new contracts to plug revenue shortfall
Plexus Holdings warned today its revenue for the current trading year was “running materially behind expectations”.
Plexus chairman says Opec deal gives sector ‘much needed encouragement’
Opec’s landmark decision to reduce oil output from January has given industry some “much needed encouragement”, the chairman of Aberdeen-based Plexus Holdings said yesterday.
Tech Tuesday: Aberdeen duo design new rise system, bringing jack-up rigs into play
Two Aberdeen firms have designed a new riser system that can be deployed from a jack-up rig, which could help operators keep costs down on high pressure, high temperature (HPHT) well operations.
Plexus suspends dividend, cuts 50 jobs as losses hit £3.5million
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.
Tech Tuesday: Plexus plans for Python deployment in 2016
Aberdeen based engineering firm Plexus created a stir in the wellhead industry this year with the launch of its mould-breaking Python technology, but it was always 2016 that the company anticipated it deploying in earnest.
Plexus Holdings strengthens leadership team
Plexus Holdings has strengthened its leadership team with the appointment of a new non-executive director. Kunming Liu has joined the board with immediate effect, with the role forming part of the company's signed licence agreement with Yantai Jereh Oilfield Services. Liu has more than 18 years' experience in corporate finance and financial accounting and is the vice president of HITIC Energy.
Record year for groundbreaking Aberdeen wellhead technology firm
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.
Plexus signs new China deal
Plexus Holdings has agreed a deal to catapult its technology into the Chinese marketplace. The company, which produces its proprietary POS-GRIP® friction-grip method of wellhead engineering, has reached a collaboration agreement with China Oilfield Services Limited to explore opportunities in shallow water subsea and crossover wellhead production systems for oil and gas field activities.
Chinese licence and share deals leave Plexus eyeing new 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.
Plexus announces launch date for Python subsea wellhead system
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.
Aberdeen in the centre of energy service takeovers
Energy service firms were at the heart of a flurry of takeovers yesterday, with two of the deals involving Aberdeen.