Plexus awarded purchase order for wellhead system in North Sea
23rd Dec 2021 11:27
(Sharecast News) - Oil and gas engineering services company Plexus has been awarded a purchase order for a 'POS-GRIP' surface production wellhead system, it announced on Thursday, for a "leading" unnamed North Sea operator.
Read morePlexus expands licence agreement with Cameron
16th Dec 2021 14:44
(Sharecast News) - Oil and gas engineering service provider Plexus announced on Thursday that it has entered into an agreement with Cameron to expand the scope of its existing licence agreement, enabling Cameron to use Plexus' 'POS-GRIP' method of wellhead engineering on conventional and unconventional surface production oil and gas wells.
Read morePlexus losses narrow as its trades in line with forecasts
29th Mar 2021 09:30
(Sharecast News) - Oil and gas engineering services company Plexus reported sales revenue from continuing operations of £0.42m in its first half on Monday, rising from £0.05m year-on-year.
Read morePlexus confident 'best days' lie ahead
30th Dec 2020 10:14
(Sharecast News) - Oil and gas engineering services business Plexus provided investors with an update at its annual general meeting on Wednesday.
Read morePlexus enters licensing deal with Schlumberger's Cameron
10th Nov 2020 11:39
(Sharecast News) - Oil and gas engineering services company Plexus has entered into a licence agreement with Schlumberger subsidiary Cameron International, it announced on Tuesday, granting a non-exclusive licence to enable Cameron to use its 'POS-GRIP' and 'HG' metal-to-metal seal method of wellhead engineering for the development of conventional and unconventional oil and gas surface wellheads.
Read morePlexis Holdings gets another order from Russian licensee
26th Feb 2020 15:27
(Sharecast News) - Oil and gas engineering services company Plexus Holdings announced on Wednesday that its Russian licensee, Gusar, has placed an order for an additional set of 'POS-GRIP' exploration rental jack-up drilling wellhead equipment.
Read morePlexus warns on revenues
5th Dec 2019 08:15
(Sharecast News) - Engineering services group Plexus told investors at its annual general meeting on Thursday that its full-year revenues looked set to slide - erasing much of the goodwill garnered from a ten-fold increase in revenues during the prior year.
Read morePlexus technology triumphs in extreme temperature test
22nd Nov 2019 10:54
(Sharecast News) - Plexus on Friday announced that its POS-GRIP "HG" sealing system has successfully completed an extreme temperature test verification programme from -75 to +400 °F.
Read morePlexus technology enters service with Gazprom
24th Sep 2019 16:01
(Sharecast News) - Oil and gas engineering services business Plexus Holdings announced on Tuesday that its Russian licensee Gusar has successfully installed the first wellhead for Gazprom as part of the previously-announced contract to supply 'POS-GRIP' rental wellhead gas exploration equipment to the Russia-based energy giant.
Read morePlexus forms JV for xmas tree and wellhead supply
3rd Jun 2019 12:11
(Sharecast News) - Plexus Holdings on Monday formed Plexus Pressure Control Limited (PPC), a majority-owned joint venture formed with British Engines Group subsidiary BEL Valves Limited, to supply surface production xmas tree valve assemblies and wellhead annulus outlet valves.
Read morePlexus local supplier wins contract with Gazprom
4th Mar 2019 09:34
(Sharecast News) - Oil and gas engineering services business Plexus Holdings announced on Monday that its Russian licensee, LLC Gusar, has secured its first major contract to supply 'POS-GRIP' rental wellhead gas exploration equipment to Russian energy giant Gazprom.
Read morePlexus margins squeezed by increased investment
18th Feb 2019 09:37
(Sharecast News) - Oil and gas engineering services business Plexus will fall short of earnings expectations in its current trading year as a result of an increased investment into its POS-Grip wellhead sealing technology.
Read morePlexus coughs up £0.74m for minority share in KMS
17th Dec 2018 09:26
(Sharecast News) - Oil and gas engineering services business Plexus Holdings has made an investment of £0.74m to acquire a 49% interest in independent precision engineering business KMS, it announced on Monday.
Read morePlexus product gets Russian deployment via licensee Gusar
27th Sep 2018 14:30
(Sharecast News) - Oil and gas engineering services business Plexus Holdings announced on Thursday that its Russian licensee, Gusevsky Valves Plant (Gusar), has entered into an initial agreement to supply Gazprom with two sets of its 'Tersus TRT Mudline Suspension System' (MLS) products for the construction of shallow water exploration gas wells on the Kara Sea Shelf in 2019.
Read morePlexus Holdings nails down second POS-SET connector order
8th Aug 2018 10:48
(Sharecast News) - Plexus Holdings on Wednesday secured a purchase order to supply and rent its POS-GRIP enabled POS-SET Connector technology for well abandonment operations in the North Sea.
Read more