Plexus Holdings, the AIM quoted oil and gas engineering services business said it had sold two of its POS-GRIP rental wellhead sets and associated mudline equipment and tooling to Russian partner and licensee LLC Gusar for £1.4m.
Oil and gas engineering services business Plexus Holdings announced the sale of its wellhead exploration equipment and services business for Jack-Up applications to FMC Technologies, a subsidiary of TechnipFMC, on Thursday.
Oil and gas engineering services business Plexus Holdings announced on Monday that it has been awarded a contract with Centrica North Sea to supply its POS-GRIP 'HG' 10,000psi adjustable production wellhead for a gas production well in the UK Southern North Sea.
Oil and gas engineering and services business, and owner of the proprietary POS-GRIP function-frip method of wellhead engineering Plexus Holdings, announced on Monday that it entered into a new four-year contract with Maersk Oil North Sea UK for the provision of wellhead, mudline suspension systems and associated services.
Oil and gas engineering services business and owner of the POD-GRIP proprietary friction grip wellhead engineering technology, Plexus Holdings, announced on Friday that it has received an initial purchase order from Aker BP which, following the acquisition by Det norske of BP's Norwegian assets, is Norway's largest independent petroleum producer by volume.
Oil and gas engineering services company Plexus Holdings has confirmed a first purchase order for its Tersus TRT Mudline Suspension System equipment from LLC Gusar (OOO Gusar) Ltd.
Oil and gas engineering service provider Plexus Holdings' existing contract to supply wellhead and mudline equipment to Brunei Shell Petroleum (BSP) has been extended by a further two years.
Oil and gas engineering services business Plexus Holdings announced on Thursday it had been awarded an order for a second well from Masirah Oil, a British Virgin Islands-based company majority owned by leading technology driven oil and gas company REX International Holdings.
AIM-listed Plexus Holdings' revenue decreased due to the drop in oil prices and the reduction in the oil and gas engineer's drilling activities.
Oil and gas engineering services business Plexus Holdings announced on Monday it has agreed the terms of a conditional placing to raise £6m before expenses, by way of a placing of 9,230,770 new ordinary shares at a price of 65p each to new and existing investors.
Shares in Plexus Holdings followed their sizeable fall on Monday with a further 20% decline on Tuesday morning, despite announcing it will license-out its technology to two Russian oil drilling equipment manufacturers.
Shares in Plexus Holdings sank like a stone after the oil drilling innovator warned profits would be "very significantly" below forecasts after a major slowdown in customers' planned activity, mainly in the North Sea.
Oil services company Plexus Holdings said it had won a $0.6m contract with Oman's Masirah Oil to drill one well initially with the option of two more.
UK-based Plexus Holdings has received the green light to manufacture and supply its POS-GRIP wellhead equipment in Malaysia.
Oil and gas engineering firm Plexus has finalised a licence agreement with Shenzhen stock exchange listed Yantai Jereh Oilfield Services Group, the company said on Thursday.
Plexus Holdings announced that its Afrotel Corp subsidiary has sold its sole asset, a 25% holdings in KSW Engineering, a manufacturer and engineer of oil and gas equipment.
Oil and gas engineering group Plexus Holdings has secured a £3.3m deal with oil group Total E&P Norge.
Shares in Plexus Holding jumped on Thursday after the oil and gas engineering services group said it had entered a framework agreement with major Chinese group Yantai Jereh Oilfield Services.
Bioquell: N+1 Singer upgrades from hold to buy with an unchanged target price of 112p. Investec cuts target price from 133p to 98p, while upgrading from hold to add.
Afren: Oriel downgrades from buy to hold with a target price of 145p.