The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksPlexus Share News (POS)

Share Price Information for Plexus (POS)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 15.50
Bid: 15.00
Ask: 16.00
Change: 0.00 (0.00%)
Spread: 1.00 (6.667%)
Open: 15.50
High: 15.50
Low: 15.50
Prev. Close: 15.50
POS Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Plexus Holdings nails down second POS-SET connector order

Wed, 08th 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.The oil and gas engineering services business will make the technology available to Oceaneering A/S, Norway for the 10-day abandonment project which will involve using the POS-Grip enabled POS-SET technology to re-connect to a temporarily abandoned well.The technology is designed to support oil field tubing with an externally activated radial friction grip.Plexus chief executive Ben Van Bilderbeek said: "Following the sale of our Jack-Up exploration business to tier one service provider TechnipFMC, this second order for our POS-SET Connector from Oceaneering, which follows on from the first Centrica order, provides a timely reminder that we have a suite of POS-GRIP-enabled products ready for market."Plexus sold its jack-up business, which was concerned with wellhead exploration equipment and services business for jack-up applications, in February for an initial cash consideration of £14.2m.The AIM traded company's board believes that the abandonment market has significant growth potential as a large number of ageing wells reach the end of their lives, potentially providing the company with many further opportunities to provide its POS-SET technology.Van Bilderbeek said the firm's plan for the immediate future is to find business by raising standards across the energy industry through the rolling out of its licensing model.Plexus Holdings' shares were up 3.09% at 50.00p at 1049 BST.
More News
28 Feb 2014 08:34

UK MORNING BRIEFING: Shares Gain; Serco Up 10% On New CEO

LONDON (Alliance News) - UK shares are adding to their gains at the open Friday amid some positive UK and European economic data.

Troubled FTSE 250 outsourcing firm Serco is up 10% after pulling off something of a coup by recruiting the CEO of FTSE 100 temporary po

Read more
25 Feb 2014 13:12

Plexus Holdings Gets New Partner On Subsea Wellhead Project

LONDON (Alliance News) - Plexus Holdings PLC Tuesday said that Senergy Holdings Ltd has signed up as an additional consulting partner to its Joint Industry Project to develop and commercialise a new and safer subsea wellhead using Plexus' POS-GRIP technology. The oil and gas engineering ser

Read more
13 Feb 2014 09:48

Plexus Holdings Receives Purchase Order Worth GBP1.5 Million

LONDON (Alliance News) - Plexus Holdings PLC Thursday said it received a purchase order worth GBP1.5 million from GDF Suez E&P UK Ltd, for exploration activities in the UK Central North Sea. The AIM-quoted oil and gas engineering services business said the deal is to supply its POS-GRIP tec

Read more
13 Feb 2014 08:24

UK MORNING BRIEFING: Lloyds To Set Out New Strategy By End Of 2014

LONDON (Alliance News) - The market is dissecting the Lloyds Banking Group earnings statement early Thursday. The state-controlled bank said it swung to profit in 2013, while confirming its intentions to restart paying a dividend and to sell off more of the UK government's sha

Read more
12 Feb 2014 10:16

Plexus Holdings Gets GBP1.1 Million Contract With Maersk

LONDON (Alliance News) - Plexus Holdings PLC Wednesday said it has been awarded a contract with Maersk Group to supply wellhead equipment services for an exploration well in the North Sea. The AIM-quoted oil and gas engineering services business said the value of the contract, with Maersk O

Read more
10 Feb 2014 09:14

Plexus Secures 3-Year Contract Renewal With Wintershall Noordzee

LONDON (Alliance News) - Plexus Holdings PLC Monday said it has achieved a three-year contract renewal for the supply of its POS-GRIP wellhead equipment to Wintershall Noordzee BV. The Aberdeen-based, AIM-quoted oil and gas engineering services business said details for the final renewal co

Read more
28 Nov 2013 14:40

Plexus Holdings secures contract with Glencore

Oil and gas engineering services company Plexus Holdings has agreed to supply its POS-GRIP wellhead equipment to Glencore Exploration Cameroon for drilling at the Parrot prospect, offshore Cameroon. A second call-off to supply wellhead equipment for another well, Malimbe, is currently being reviewe

Read more
28 Nov 2013 12:32

Plexus Holdings Gets GBP1.6 Million Order Extension From Glencore

Read more
19 Nov 2013 13:07

Plexus Holdings Extend Key Wellhead Contract With Centrica

Read more
19 Nov 2013 12:38

Plexus does 0.85m-pound deal with Centrica

Oil and gas engineering service business Plexus Holdings has extended a contract with Centrica North Sea Gas in a deal worth up to 850,000 pounds. Plexus has agreed to supply the gas production arm of the owner of British Gas with supply extra drilling equipment for the GROVE 49/10a-4 (G1) product

Read more
19 Nov 2013 08:07

AIM IN BRIEF: Centamin Further Reduces Stake In Nyota Minerals

Read more
23 Oct 2013 11:50

Plexus Profit Jump as Sales Of Drilling Solution Increase

Read more
23 Oct 2013 11:22

Plexus invests for further growth after record full year results

Market demand for its Pos-Grip offshore oil drilling technology drove strong full-year revenue and profit growth ahead of forecasts at engineer Plexus. Profits before tax gushed 38% to £4.3m from sales that spurted 30% higher to £25.6m in the year to end-June, leading to 24% earnings growth to 3.69

Read more
16 Oct 2013 09:49

Plexus Holdings Wins Egyptian Oil Technology Contract

Read more
7 Oct 2013 10:20

Plexus Receives Additional Order From Centrica Energi Norway

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.